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As I expected in yesterday's post, Gold started to rise again after breaking the Resistance lines and reacting to the upper Resistance lines and the đŽResistance zone($2,071_$2,054)đŽ.
đRegarding Elliott wave theory, It seems that Gold has completed the Zigzag Correction(ABC/5-3-5) on the Resistance lines and the đŽResistance zone($2,071_$2,054)đŽ, and now we have to wait for Gold to fall.
đĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
đI expect Gold to fall to at least the Uptrend 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 đđ & Share it with your friends; thanks, and Trade safe.
đRegarding Elliott wave theory, It seems that Gold has completed the Zigzag Correction(ABC/5-3-5) on the Resistance lines and the đŽResistance zone($2,071_$2,054)đŽ, and now we have to wait for Gold to fall.
đĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
đI expect Gold to fall to at least the Uptrend 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 đđ & Share it with your friends; thanks, and Trade safe.
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đPlease follow us on Telegram for more analysis.đ t.me/ProTrader_365
đGet a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3