Or / Dollar Américain
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Gold Dips From PRZ – Will Supports Hold for New ATH?

1 920
Gold(XAUUSD) started to correct again from the Potential Reversal Zone(PRZ)[$3,307-$3,253] and near the Resistance lines. The question is, can Gold create a new All-Time High(ATH) again?

In terms of Elliott waves, Gold appears to be completing a main wave 4. This main wave 4 is likely to complete near the Support lines and Support zone($3,168-$3,133).

I expect Gold to either rise again after breaking the Resistance zone($3,220-$3,211) or near the Support zone($3,168-$3,133) and Support lines.

Do you think Gold can create a new All-Time High(ATH) again?

Note: If Gold breaks the Support zone($3,168-$3,133), we should expect a further correction from Gold.

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

Be sure to follow the updated ideas.

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Transaction en cours
Trade was activated after breaking the Resistance zone($3,220-$3,211).
Trade fermée: cible de profit atteinte
snapshot

Target Done

Clause de non-responsabilité

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