Gold Roadmap==>>15-minute time frame

Jul 17, 2024

Gold is moving near the Support zone($2,450-$2,426) and the SMA(60-1hour TF). (In fact, Gold is pulling back to the Resistance zone).

According to Elliott wave theory, Gold appears to be completing wave 4. (Wave 4 structure has been Expanding Flat(ABC/3-3-5) so far).

I expect Gold to rise again after breaking the Resistance zone($2,467-$2,461) until at least All-Time High(ATH) and most likely touch around $2500.

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.

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Jul 18, 2024

Trade active

Jul 18, 2024

Note

I transfer Stop loss to Entry Point: Risk-Free.