Gold Analysis==>>Correction Time!!!

٢٢ أكتوبر

Gold( XAUUSD ) entered the Potential Reversal Zone(PRZ)[$2,800-$2,745], as I expected in the previous post. (The Long position is closed.)

Gold is moving near the Upper lines of Ascending Channels.

According to Elliott's wave theory, Gold is completing microwave 5 of microwave 5 of main wave 5. So we have to wait for the CORRECTION.

Also, Regular Divergence(RD-) between Consecutive Peaks.

I expect Gold to decline to at least the lower line of the ascending channel(Big) and the Support zone($2,686-$2,666) after breaking the lower line of the ascending channel(Small).

⚠️Note: If Gold can form a 4-hour candle above $2,800, we should expect gold to increase and pump again.⚠️

🔔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.

٢٣ أكتوبر

تم فتح الصفقة

Trade was activated

٢٣ أكتوبر

أغلقت الصفقة: تم الوصول للهدف

First Target Done

٢٤ أكتوبر

ملاحظة

The scenario can change if Gold goes over $2761, but correction is still possible.