Gold’s been in a downtrend since late October, wrapping up Elliot Wave 5.
But here’s the kicker: on the 4H chart, we’re spotting a possible inverse Elliot wave cycle. 📉
We’re nearing the end of this correction phase and gearing up for a bullish breakout! 🚀 Currently, we’re trading in a robust Daily demand zone, eyeing a reversal that could kickstart a fresh Elliot cycle. Targeting the supply zone at $2762-$2790. 📈
Plan: Enter at the end of Wave 2 to ride Wave 3 and hold until Wave 5 wraps up, with a trailing stop loss to lock in those gains. 🤑
Get ready to ride the wave! 🌊💰
But here’s the kicker: on the 4H chart, we’re spotting a possible inverse Elliot wave cycle. 📉
We’re nearing the end of this correction phase and gearing up for a bullish breakout! 🚀 Currently, we’re trading in a robust Daily demand zone, eyeing a reversal that could kickstart a fresh Elliot cycle. Targeting the supply zone at $2762-$2790. 📈
Plan: Enter at the end of Wave 2 to ride Wave 3 and hold until Wave 5 wraps up, with a trailing stop loss to lock in those gains. 🤑
Get ready to ride the wave! 🌊💰
By Dubai Traders Hub
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Follow us on X , YouTube, and Join our Telegram Channel
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
By Dubai Traders Hub
Follow us on X , YouTube, and Join our Telegram Channel
Follow us on X , YouTube, and Join our Telegram Channel
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.