๐โโ๏ธGold is moving in the ๐กPotential Reversal Zone(PRZ)($2,320-$2,280)๐ก and near the upper line of the Ascending Channel.
๐According to the Elliott wave theory, Gold seems to have succeeded in completing main wave 5.
๐กAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
๐I expect Gold to have a downward trend in the coming hours and at least decrease to the Support line and Uptrend line.
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.
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