๐โโ๏ธGold is moving near the ๐กPotential Reversal Zone(PRZ)($2,135-$2,108)๐ก
๐According to the theory of Elliott waves, it seems that Gold has succeeded in forming the Double Three Correction(WXY).
๐In terms of Classical Technical Analysis, Gold has formed a Falling Wedge Pattern.
๐กAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
๐If you want a better view of Gold, look at my analysis a few days ago in the 4-hour time frame.๐
๐I expect Gold to go UP at least until the end of wave 3 after breaking the upper line of the Falling Wedge Pattern.
Gold Analyze ( XAUUSD ), 1-hour time frame โฐ.
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ืืขืจื
If Gold falls to the lower line of the Falling Wedge Pattern, there is no problem, and we have to wait for the break of the upper line to confirm the end of wave 4.