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Gold Dips From PRZ – Will Supports Hold for New ATH?

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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.

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.

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Zlecenie aktywne
Trade was activated after breaking the Resistance zone($3,220-$3,211).
Transakcja zamknięta: osiągnięto wyznaczony cel
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Target Done

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