After the announcement of the US Federal Funds Rate (The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%.), Gold started to rise again after the bear trap from the Support zone($2,574-$2,560).
Gold is currently moving near the Potential Reversal Zone(PRZ)[$2,635-$2,605] and Resistance lines.
According to Elliott wave theory, Gold is completing microwave 5 of main wave 5, which can be completed in the Potential Reversal Zone(PRZ).
Also, Regular Divergence (RD-) between Consecutive Peaks.
I expect Gold to start falling from the Potential Reversal Zone(PRZ)[$2,635-$2,605], and the first target would be to break the Uptrend line and the Support zone($2,574-$2,560).
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold is currently moving near the Potential Reversal Zone(PRZ)[$2,635-$2,605] and Resistance lines.
According to Elliott wave theory, Gold is completing microwave 5 of main wave 5, which can be completed in the Potential Reversal Zone(PRZ).
Also, Regular Divergence (RD-) between Consecutive Peaks.
I expect Gold to start falling from the Potential Reversal Zone(PRZ)[$2,635-$2,605], and the first target would be to break the Uptrend line and the Support zone($2,574-$2,560).
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade ist aktiv
As I expected, gold entered the Potential Reversal Zone(PRZ)[$2,635-$2,605], the first short trade target can be $2,587, and if the Uptrend line breaks, we can expect gold to decrease to the Support zone($2,574-$2,560).
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
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🎁 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
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.