Gold Roadmap==>>Starting to Rising

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As I ✅expected✅, Gold(XAUUSD) started to correct from the Potential Reversal Zone(PRZ), and after breaking the Ascending Channel, it managed to break the 50_SMA(Daily) as well.

Gold is moving near the Support zone($2,603-$2,584) and Support lines.

According to the Elliott wave theory, the first corrective wave of Gold (main wave 5) can be completed in the Support zone($2,603-$2,584).

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

I expect Gold to Go up to at least the Broken Support zone($2,640-$2,624).

⚠️Note: We should expect more dumps if Gold goes below the Support zone($2,603-$2,584).⚠️

🔔Be sure to follow the updated ideas.🔔

Gold Analyze ( XAUUSD ), 4-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.

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تم فتح الصفقة

Trade was activated after Gold touched the Support line.

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تم إغلاق الصفقة يدويًا

I closed the position Risk Free.