Ouro/Dólar Americano
Long
Atualizado

Gold Bounces from PRZ — Is a Short-Term Rally Underway?

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Gold(XAUUSD) started to rise from the Support zone($3,307-$3,275) as I expected in the previous idea.

Gold is currently moving near the Support zone($3,350-$3,326), Potential Reversal Zone(PRZ)[$3,349-$3,332], and $3,334 (Important price).

From the Elliott wave theory, it seems that Gold has completed its 5 impulsive waves and now we should wait for corrective waves. Corrective waves can complete at the Potential Reversal Zone(PRZ)[$3,349-$3,332].

I expect Gold to rise to $3,383(at least) in the coming hours.

Second Target: $3,396

Note: Stop Loss (SL) = $3,321

Gold Analyze (XAUUSD), 1-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put a 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 ✅ 'like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade ativo
Trade was activated near the Potential Reversal Zone(PRZ)[$3,349-$3,332]
Trade fechado: objetivo atingido
snapshot

First target Done=$3,383

Aviso legal

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