Gold in PRZ + TRZ: Is a Bullish Reversal Brewing(Short-term)?
Gold, as I expected in yesterday's idea, fell to the Potential Reversal Zone(PRZ)[$3,285-$3,272] and started to rise again.
Today's Gold analysis is on the 15-minute time frame and is considered short-term, so please pay attention.
Gold is currently trading in the Support zone($3,307-$3,275) and near the Potential Reversal Zone(PRZ)[$3,290-$3,272] and Time Reversal Zone(TRZ).
In terms of Elliott Wave theory, it seems that Gold can complete the microwave C of wave B at the lower line of the descending channel.
I expect Gold to trend higher in the coming hours and rise to at least $3,311.
Note: Stop Loss (SL) = $3,267
Gold Analyze (XAUUSD), 15-minute 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.
Today's Gold analysis is on the 15-minute time frame and is considered short-term, so please pay attention.
Gold is currently trading in the Support zone($3,307-$3,275) and near the Potential Reversal Zone(PRZ)[$3,290-$3,272] and Time Reversal Zone(TRZ).
In terms of Elliott Wave theory, it seems that Gold can complete the microwave C of wave B at the lower line of the descending channel.
I expect Gold to trend higher in the coming hours and rise to at least $3,311.
Note: Stop Loss (SL) = $3,267
Gold Analyze (XAUUSD), 15-minute 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.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.