Idea for Gold @ 21th July 2023

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Currently, the price reject at fibs of 50%, the channel top to complete the wave B,
Let's wait for a pullback to catch wave C

Expect the price to sweep the swing low, then touch H4 OB, then have a pullback.

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Gold next move possibly

at the top, there are EQH there, it might be a BSL, and we are looking at around 1972 level to sell it.

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Update Elliott Wave Chart

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Gold another scenario, and we wait after FOMC and see how it works.

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Gold another scenario for SMC concept

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ملاحظة

Nice shot for chaching wave 3 entry

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ملاحظة

It's almost close to the order block, it might have a small pullback

Patience - A Key To Success in Trading

⏱️ A few days ago, we predicted a correction and then a drop in GOLD. Today, it's happening just like we said. But, sadly, many traders are losing money. Why? They're not patient enough.