ðĄAfter breaking the Support line, Gold managed to attack the Resistance lines with a Bullish Marubozu Candle.
ðRegarding Elliott wave theory, Gold is completing a Zigzag Correction(ABC/5-3-5) so that Gold is currently completing the microwave 4 of the main wave C.
ðI expect Gold to start rising again from the ðĄPotential Reversal Zone(PRZ)($2,045_$2,041)ðĄ and the main wave C in the first target can finish near the upper Resistance lines and the ðīResistance zone($2,071_$2,054)ðī.
Gold Analyze ( XAUUSD ), 1-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ðRegarding Elliott wave theory, Gold is completing a Zigzag Correction(ABC/5-3-5) so that Gold is currently completing the microwave 4 of the main wave C.
ðI expect Gold to start rising again from the ðĄPotential Reversal Zone(PRZ)($2,045_$2,041)ðĄ and the main wave C in the first target can finish near the upper Resistance lines and the ðīResistance zone($2,071_$2,054)ðī.
Gold Analyze ( XAUUSD ), 1-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
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āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Gold is trying to break the ðīResistance zone($2,071_$2,054)ðī
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