Gold Analysis==>>Second Attack!!!
Updated
Gold(
XAUUSD) attacked the Support lines and Support zone($2,639-$2,630) as I expected but failed to break them (Fake Break).
Gold is currently moving near the Resistance zone($2,670-$2,653) and within the Potential Reversal Zone(PRZ)[$2,670-$2,653] .
According to Elliott's wave theory, Gold seems to have completed 5 bearish waves and is currently completing upward corrective waves.
I expect Gold to attack the Support lines and the Support zone($2,639-$2,630) again and most likely succeed in breaking them this time.
⚠️Note: If Gold breaks the 50_SMA(Daily) and Potential Reversal Zone(PRZ)[$2,670-$2,653], we should expect Gold to rise further.⚠️
⚠️Note: At most, you can keep the Short position up to $2,668.⚠️
🔔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.
XAUUSD) attacked the Support lines and Support zone($2,639-$2,630) as I expected but failed to break them (Fake Break).Gold is currently moving near the Resistance zone($2,670-$2,653) and within the Potential Reversal Zone(PRZ)[$2,670-$2,653] .
According to Elliott's wave theory, Gold seems to have completed 5 bearish waves and is currently completing upward corrective waves.
I expect Gold to attack the Support lines and the Support zone($2,639-$2,630) again and most likely succeed in breaking them this time.
⚠️Note: If Gold breaks the 50_SMA(Daily) and Potential Reversal Zone(PRZ)[$2,670-$2,653], we should expect Gold to rise further.⚠️
⚠️Note: At most, you can keep the Short position up to $2,668.⚠️
🔔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.
Trade active
Position was activatedTrade closed: target reached
Full Target Done
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