Gold(
XAUUSD) is currently moving near a Potential Reversal Zone(PRZ)[$4,574-$4,517] and a heavy support zone($4,450-$4,234).
It also seems likely that an ascending channel is forming, and after a rise, we could confirm the second bottom of this ascending channel.
From an Elliott Wave theory perspective, it seems that Gold needs to form another impulsive five-wave structure.
I expect that Gold, in the coming hours, will continue its bullish trend and once again test the resistance lines, and if it breaks those resistance lines, we can expect it to rise toward the resistance zone($4,914-$4,842).
First Target: Resistance lines
Second Target: Resistance zone($4,914-$4,842)
Third Target: $4,971
Stop Loss(SL): $4,481(Worst)
Points may shift as the market evolves.
What do you think about Gold—do you believe it can surpass $5,000 once more, or should we expect further decline?
Note: Currently, financial markets are directly tied to the Middle East conflict, and any news can trigger sudden price changes. Thus, it is crucial to manage your capital carefully.
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Gold Analyze (XAUUSD), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
XAUUSD) is currently moving near a Potential Reversal Zone(PRZ)[$4,574-$4,517] and a heavy support zone($4,450-$4,234). It also seems likely that an ascending channel is forming, and after a rise, we could confirm the second bottom of this ascending channel.
From an Elliott Wave theory perspective, it seems that Gold needs to form another impulsive five-wave structure.
I expect that Gold, in the coming hours, will continue its bullish trend and once again test the resistance lines, and if it breaks those resistance lines, we can expect it to rise toward the resistance zone($4,914-$4,842).
First Target: Resistance lines
Second Target: Resistance zone($4,914-$4,842)
Third Target: $4,971
Stop Loss(SL): $4,481(Worst)
Points may shift as the market evolves.
What do you think about Gold—do you believe it can surpass $5,000 once more, or should we expect further decline?
Note: Currently, financial markets are directly tied to the Middle East conflict, and any news can trigger sudden price changes. Thus, it is crucial to manage your capital carefully.
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌 Gold Analyze (XAUUSD), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
تم فتح الصفقة
Trade was activated in the Potential Reversal Zone(PRZ)[$4,574-$4,517]أغلقت الصفقة: تم الوصول للهدف
Target Done
I appreciate your patience
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.