đšGold started to rise after breaking the descending channel from the đąheavy support zone($1,903-$1,886)đą.
đAccording to the theory of Elliott waves, gold managed to complete wave 5 and is currently completing wave 4.
đI expect wave 4 to end in the đĄPrice Reversal Zone(PRZ)đĄ and gold to start rising again (the đŻtargetđŻ of wave 5 could be in the area I marked on the chart).
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.
đAccording to the theory of Elliott waves, gold managed to complete wave 5 and is currently completing wave 4.
đI expect wave 4 to end in the đĄPrice Reversal Zone(PRZ)đĄ and gold to start rising again (the đŻtargetđŻ of wave 5 could be in the area I marked on the chart).
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
đif you want to learn Technical Analysis = Please Contact međ t.me/Ad_ProTrader365