Gold Correction Ending — Time for the Next Rally?

Gold(
XAUUSD) is currently moving near the Support zone($3,350-$3,326) and the Monthly Pivot Point.
In terms of Elliott Wave theory, it seems that Gold is completing a corrective wave, and we should wait for the next impulse wave.
I expect Gold to start rising from the Support zone($3,350-$3,326) and rise to at least $3,393.
Second Target: $3,407
Third Target: $3,427
Note: Stop Loss (SL) = $3,317
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
In terms of Elliott Wave theory, it seems that Gold is completing a corrective wave, and we should wait for the next impulse wave.
I expect Gold to start rising from the Support zone($3,350-$3,326) and rise to at least $3,393.
Second Target: $3,407
Third Target: $3,427
Note: Stop Loss (SL) = $3,317
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
Dagangan aktif
US CPI Data Released
Core CPI m/m: 0.3% (exp 0.3%)
CPI m/m: 0.2% (exp 0.2%)
CPI y/y: 2.7% (exp 2.8%)
Yearly CPI lower → slightly bearish USD, potential short-term boost for Gold
I think it is good to open a long position considering the position of gold, which is in the Support zone($3,350-$3,326) and near $3,333. Considering the Stop Loss=$3,317.
As I mentioned in my previous posts, $3,333 is a key level for Gold.
The first upside target for now could be around $3,374.
Nota
I transferred my Stop Loss(SL) to Entry point(EP)= Risk Free.Dagangan ditutup secara manual
Risk Free was touched🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
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🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.