One of the most important time frames of analysis is always the daily time frame; in this post, I tried to show you the road map of gold using technical analysis tools, especially the Elliott wave theory.
After gold failed to break the ๐ดheavy resistance zone($2,075.22-$2,034.82) ๐ด and broke down its uptrend line and 100-SMA at the next stage, we can confirm the end of the main wave 5 at $2,067.
๐I expect gold to start its main corrective waves, and we should wait for more gold to fall in the coming months.
๐In the first step, I expect gold to break the ๐ขheavy support zone($1,920.90-$1,886.10)๐ข and continue falling until the ๐กPrice Reversal Zone(PRZ)๐ก. The time for gold to reach PRZ can be in the ๐กTime Reversal Zone(TRZ) (in August)๐ก.
Gold Analyze ( XAUUSD ), Daily 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.
After gold failed to break the ๐ดheavy resistance zone($2,075.22-$2,034.82) ๐ด and broke down its uptrend line and 100-SMA at the next stage, we can confirm the end of the main wave 5 at $2,067.
๐I expect gold to start its main corrective waves, and we should wait for more gold to fall in the coming months.
๐In the first step, I expect gold to break the ๐ขheavy support zone($1,920.90-$1,886.10)๐ข and continue falling until the ๐กPrice Reversal Zone(PRZ)๐ก. The time for gold to reach PRZ can be in the ๐กTime Reversal Zone(TRZ) (in August)๐ก.
Gold Analyze ( XAUUSD ), Daily 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:
What is your ideaโ๏ธโ
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐if you want to learn Technical Analysis = Please Contact me๐ t.me/Ad_ProTrader365