Gold’s Rally Continues – Next ATH?

Feb 19

Gold(XAUUSD) again managed to form a new All-Time High(ATH). Are you used to this?

Gold has already managed to break the Uptrend line. But as long as Gold is above 100_SMA(1-hour), we can hope for the continuation of the upward trend.

According to the theory of Elliott waves, Gold seems to have succeeded in completing the main wave 3, so that the main wave 3 was extended.

I expect Gold to start rising again after a temporary decline from the levels I charted and create a new All-Time High(ATH).

Note: If Gold can go below 100_SMA(1-hour) again, we should expect more dumps.

Be sure to follow the updated ideas.

Gold Analyze ( XAUUSD ), 15-minute time frame.

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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

Feb 20

Trade active

Trade was activated at exactly the Fibonacci level(50%).

Feb 20

Trade closed: target reached

Short Position Target Done

Long Position Target Done