Gold Rise to Resistance Zone: Elliott Wave!!!

٧ نوفمبر

Gold(XAUUSD) started to correct as I ✅expected in previous posts✅. Did you profit from this move!?

Gold started to rise well from the Support zone($2,645-$2,625) and 50_SMA(Daily).

Gold is moving near the Resistance zone($2,720-$2,700) and the lower line of the ascending channel (broken).

According to the Elliott wave theory, it seems that Gold has succeeded in completing microwave 3. We should wait for the completion of microwave 4, and then probably microwave 5 will end in the Resistance zone($2,720-$2,700) and Monthly Pivot Point.

⚠️Note: We should expect more pumps if Gold goes above the Resistance zone($2,720-$2,700).⚠️

🔔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.

٨ نوفمبر

تم فتح الصفقة

Trade was activated(After Pullback).

٨ نوفمبر

أغلقت الصفقة: تم الوصول للهدف

5 microwaves were completed, and I closed my Position in the resistance zone; probably Gold will drop at least to $2677.