Gold was able to break the ðĒsupport zone($ 1990.6- $ 1961.7)ðĒ by a red long-body candle and huge volume(Breakout CandleðĻ).
If we look at the gold chart in the 15-minute time frame from the theory of Elliott waves, we will find that wave 4 returning to the support zone plays the role of a pullback(ðLast Kissð).
Another sign that we can confirm the end of wave 4 is the formation of the Head and Shoulders pattern in the 5-minute time frame (for better clarity, of course).
ðI expect wave 5 to end near the support line.
If you want to have a better view of this analysis, I suggest you take a look at the following post.ð
Gold Analyze ( XAUUSD ), 15-minute 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.
If we look at the gold chart in the 15-minute time frame from the theory of Elliott waves, we will find that wave 4 returning to the support zone plays the role of a pullback(ðLast Kissð).
Another sign that we can confirm the end of wave 4 is the formation of the Head and Shoulders pattern in the 5-minute time frame (for better clarity, of course).
ðI expect wave 5 to end near the support line.
If you want to have a better view of this analysis, I suggest you take a look at the following post.ð
Gold Analyze ( XAUUSD ), 15-minute 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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ðGet a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3