đ„Goldđ„Can go UP by Falling Wedge Pattern
đââïžGold is moving near the đĄPotential Reversal Zone(PRZ)($2,135-$2,108)đĄ
đAccording to the theory of Elliott waves, it seems that Gold has succeeded in forming the Double Three Correction(WXY).
đIn terms of Classical Technical Analysis, Gold has formed a Falling Wedge Pattern.
đĄAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
đIf you want a better view of Gold, look at my analysis a few days ago in the 4-hour time frame.đ
đI expect Gold to go UP at least until the end of wave 3 after breaking the upper line of the Falling Wedge Pattern.
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, it seems that Gold has succeeded in forming the Double Three Correction(WXY).
đIn terms of Classical Technical Analysis, Gold has formed a Falling Wedge Pattern.
đĄAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
đIf you want a better view of Gold, look at my analysis a few days ago in the 4-hour time frame.đ
đI expect Gold to go UP at least until the end of wave 3 after breaking the upper line of the Falling Wedge Pattern.
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.
Kommentera:
If Gold falls to the lower line of the Falling Wedge Pattern, there is no problem, and we have to wait for the break of the upper line to confirm the end of wave 4.
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