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 🔴heavy resistance zone($2,075.22-$2,034.82) 🔴 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.
🔔I expect gold to start its main corrective waves, and we should wait for more gold to fall in the coming months.
🔔In the first step, I expect gold to break the 🟢heavy support zone($1,920.90-$1,886.10)🟢 and continue falling until the 🟡Price Reversal Zone(PRZ)🟡. The time for gold to reach PRZ can be in the 🟡Time Reversal Zone(TRZ) (in August)🟡.
Gold Analyze ( XAUUSD ), Daily 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.
After gold failed to break the 🔴heavy resistance zone($2,075.22-$2,034.82) 🔴 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.
🔔I expect gold to start its main corrective waves, and we should wait for more gold to fall in the coming months.
🔔In the first step, I expect gold to break the 🟢heavy support zone($1,920.90-$1,886.10)🟢 and continue falling until the 🟡Price Reversal Zone(PRZ)🟡. The time for gold to reach PRZ can be in the 🟡Time Reversal Zone(TRZ) (in August)🟡.
Gold Analyze ( XAUUSD ), Daily 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.
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