금 현물 / 미국 달러
업데이트됨

Gold's Bearish Momentum Builds from PRZ-Short Setup

2 990
Gold(XAUUSD) started to decline exactly from PRZ (previous idea) as I expected in my previous idea. And with the loss of the Support zone($3,387-$3,357) we can expect further decline.

Gold is currently moving near the Resistance zone($3,387-$3,357) and the Potential Reversal Zone(PRZ)[$3,378-$3,359].

From the Elliott Wave theory, Gold appears to have completed a five-wave impulse and we should expect corrective waves. Since the momentum of the second decline that broke the Support zone($3,387-$3,357) is high, the correction is expected to continue and Gold appears to be completing a pullback.
---------------------------------------------
The US Unemployment Claims Index was also released a few minutes ago, and let's take a look and examine the possible impact on Gold.

This better-than-expected data confirms a stronger U.S. labor market, reducing the urgency for the Fed to cut rates anytime soon.

Impact on Gold:

A resilient job market supports the hawkish stance of the Fed, which could keep downward pressure on Gold in the short term as yields and the dollar remain firm.

However, traders should remain cautious and watch for upcoming data and Fed commentary, which could shift the tone.
---------------------------------------------
I expect Gold to start falling from Potential Reversal Zone(PRZ)[$3,378-$3,359] to the targets I have indicated on the chart. The first target could be around $3,319.

Note: If Gold touches $3,401(the worst Stop Loss(SL)), we can expect the resistance lines to break and gold to rise further.

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.
노트
Let's find the trigger for opening the Short Position!!!

액티브 트레이드
스냅샷

Position was activated

Please follow capital management.

The Bearish Flag pattern in Potential Reversal Zone(PRZ)[$3,378-$3,359] can be a good trigger.=Time Frame 15-minute
거래청산: 타겟 닿음
스냅샷

Full Target Done

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.