ðââïļGold is moving near the ðĄPotential Reversal Zone(PRZ)($2,210-$2,197)ðĄ and has reacted well to this zone.
ðAccording to the Elliott wave theory, the Double Three Correction(WXY) seems to have been completed.
ðĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
ðI expect Gold to drop to at least one of the ðŊTargetsðŊ I've outlined on the chart after breaking the Support line.
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 Elliott wave theory, the Double Three Correction(WXY) seems to have been completed.
ðĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
ðI expect Gold to drop to at least one of the ðŊTargetsðŊ I've outlined on the chart after breaking the Support line.
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.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
It seems that gold is forming an ascending channel. If I find a suitable trigger, I will open a short position on the upper line.
āļāļāđāļāļāļĢāđāļāļđāļāļĒāļāđāļĨāļīāļ
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