Gold Analysis==>>Symmetrical Triangle
Updated
Gold seems to have succeeded in breaking the Uptrend line and has also formed a Symmetrical Triangle pattern.
According to the Elliott wave theory, Gold has succeeded in completing the main 5th wave.
I expect Gold to at least fall to the Support zone($2,600-$2,580) after breaking the lower line of the symmetrical triangle.
⚠️Note: Tensions in the Middle East can directly affect the trend of Gold, so pay more attention to capital management.⚠️
Gold Analyze ( XAUUSD ), 1-hour 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.
According to the Elliott wave theory, Gold has succeeded in completing the main 5th wave.
I expect Gold to at least fall to the Support zone($2,600-$2,580) after breaking the lower line of the symmetrical triangle.
⚠️Note: Tensions in the Middle East can directly affect the trend of Gold, so pay more attention to capital management.⚠️
Gold Analyze ( XAUUSD ), 1-hour 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.
Trade active
Trade was activatedNote
Gold was able to break the lower line of triangle.Trade closed: target reached
Target Done
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