Gold Analysis==>>Rising again==>>Short term!!!

١٣ ديسمبر ٢٠٢٤

Gold(XAUUSD) started to decline from the Resistance zone($2,740-$2,708), as I expected in the ✅previous post✅.

Gold is moving in the Support zone($2,670-$2,653) and near the Potential Reversal Zone(PRZ).

According to Elliott's wave theory, Gold is completing wave 5.

Also, Regular Divergence(RD+) between Consecutive Valleys.

I expect Gold to start rising again from the PRZ and attack the Downtrend line; if it breaks, we can expect further pumps.

⚠️Note: We should expect further decline if Gold breaks the Support zone($2,670-$2,653).⚠️


🔔Be sure to follow the updated ideas.🔔

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

Do not forget to put 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.

١٣ ديسمبر ٢٠٢٤

تم فتح الصفقة

Hammer Candlestick Pattern can be a reversal sign, among other reasons :) It is worth a long position.

If you find another confirmation candle or another trigger in a lower time frame, it can be better.

١٥ ديسمبر ٢٠٢٤

أغلقت الصفقة: تم الوصول لوقف الخسارة

My gold short position touched Stop Loss, but I am waiting for the next long position.