Gold will Go Down to PRZ!!!

١٦ ديسمبر ٢٠٢٤

Gold(XAUUSD) seems to have managed to break the Support zone($2,670-$2,653). It is currently completing a pullback to this zone, so the pullback pattern appears to be a rising wedge pattern.

According to Elliott's wave theory, Gold seems to have completed wave 4.

I expect Gold to continue falling to the next Support zone($2,642-$2,620) and the Potential Reversal Zone(PRZ)[$2,640-$2,634].

⚠️Note: If Gold breaks the Resistance zone($2,665-$2,662) and resistance line, we can expect gold to rise further.⚠️

🔔Be sure to follow the updated ideas.🔔

Gold Analyze ( XAUUSD ), 15-minute 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.

١٧ ديسمبر ٢٠٢٤

تم فتح الصفقة

Trade was activated (near the resistance line and FIB level)

١٧ ديسمبر ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

My Target Done.