ðĻGold started to rise after breaking the descending channel from the ðĒheavy support zone($1,903-$1,886)ðĒ.
ðAccording to the theory of Elliott waves, gold managed to complete wave 5 and is currently completing wave 4.
ðI expect wave 4 to end in the ðĄPrice Reversal Zone(PRZ)ðĄ and gold to start rising again (the ðŊtargetðŊ of wave 5 could be in the area I marked on the chart).
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.
ðAccording to the theory of Elliott waves, gold managed to complete wave 5 and is currently completing wave 4.
ðI expect wave 4 to end in the ðĄPrice Reversal Zone(PRZ)ðĄ and gold to start rising again (the ðŊtargetðŊ of wave 5 could be in the area I marked on the chart).
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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