ðââïļGold is moving near the ðĄPotential Reversal Zone(PRZ)($2,135-$2,108)ðĄ
ðAccording to the theory of Elliott waves, it seems that Gold has succeeded in forming the Double Three Correction(WXY).
ðIn terms of Classical Technical Analysis, Gold has formed a Falling Wedge Pattern.
ðĄAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
ðIf you want a better view of Gold, look at my analysis a few days ago in the 4-hour time frame.ð
ðI expect Gold to go UP at least until the end of wave 3 after breaking the upper line of the Falling Wedge Pattern.
Gold Analyze ( XAUUSD ), 1-hour time frame â°.
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If Gold falls to the lower line of the Falling Wedge Pattern, there is no problem, and we have to wait for the break of the upper line to confirm the end of wave 4.