Gold’s ATH Rally Slowing Down – Needs Correction!!!
Gold(
XAUUSD) has been on a strong uptrend in recent weeks, creating a new All-Time High(ATH) almost every day. Will a new ATH be created after $3,500 in the coming days? What do you think?
Gold is moving between the Resistance zone($3,386-$3,357) and Support zone($3,282-$3,245).
In terms of Elliott Wave theory, it seems that Gold has started to form Corrective Waves after recording the latest ATH. Gold is completing a Zigzag Correction wave (ABC/5-3-5) (most likely).
I expect Gold to start declining again after approaching the Resistance zone($3,386-$3,357) and attack the Support lines and Support zone($3,282-$3,245). It seems like Gold needs a correction, do you agree with me!? In the worst-case scenario for my analysis, Gold starts falling from the resistance zone($3,431-$3,406).
Note: If Gold can move above $3,440, we can expect more pumps and maybe make na ew All-Time High(ATH).
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.
XAUUSD) has been on a strong uptrend in recent weeks, creating a new All-Time High(ATH) almost every day. Will a new ATH be created after $3,500 in the coming days? What do you think?Gold is moving between the Resistance zone($3,386-$3,357) and Support zone($3,282-$3,245).
In terms of Elliott Wave theory, it seems that Gold has started to form Corrective Waves after recording the latest ATH. Gold is completing a Zigzag Correction wave (ABC/5-3-5) (most likely).
I expect Gold to start declining again after approaching the Resistance zone($3,386-$3,357) and attack the Support lines and Support zone($3,282-$3,245). It seems like Gold needs a correction, do you agree with me!? In the worst-case scenario for my analysis, Gold starts falling from the resistance zone($3,431-$3,406).
Note: If Gold can move above $3,440, we can expect more pumps and maybe make na ew All-Time High(ATH).
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.
Operación activa
Trade was activated in Resistance zone($3,386-$3,357), also Long Position touched target = Resistance zone($3,386-$3,357) Operación cerrada: objetivo alcanzado
First Target Done
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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
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.