Gold managed to complete its five impulse waves above the ๐ดresistance zone($1,973.140-$1,966.26)๐ด, forming a ๐ฎBull Trap๐ฎ.
Also, five impulse waves were completed between the two resistance and support lines, so we can say that even gold has formed a Rising Wedge Pattern.
Also, we can see Regular Divergence(RD-) between the end of waves 3 and 5.
๐In recent hours, gold managed to break the support line, and I expect gold to have a downward trend in the next week or next hours; the ๐ฏtarget๐ฏ of gold's fall can be the end of wave 4 or the ๐ขsupport zone($1,939-$1,932.16)๐ข.
Gold Analyze ( XAUUSD ), 4-hour time frame โฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
Also, five impulse waves were completed between the two resistance and support lines, so we can say that even gold has formed a Rising Wedge Pattern.
Also, we can see Regular Divergence(RD-) between the end of waves 3 and 5.
๐In recent hours, gold managed to break the support line, and I expect gold to have a downward trend in the next week or next hours; the ๐ฏtarget๐ฏ of gold's fall can be the end of wave 4 or the ๐ขsupport zone($1,939-$1,932.16)๐ข.
Gold Analyze ( XAUUSD ), 4-hour time frame โฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
ืืขืจื:
In the emoji chart, I put the time frame of 1 hour, but actually, the time frame is 4 hours.๐
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐Get a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3