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๐โโ๏ธGold is moving in the ๐กPotential Reversal Zone(PRZ)($2,135-$2,108)๐ก
๐According to the theory of Elliott waves, it seems that Gold has managed to complete the main wave 3 at $2,195.235(All-Time High(ATH)).
๐Gold is completing the main wave 4, so it seems that this corrective wave's structure is Zigzag(ABC/5-3-5).
๐กOne of the signs of the end of the main wave 4 can be the breaking of the Resistance line.
๐I expect Gold to move up towards ๐ฏTargets๐ฏon the chart as it enters the ๐กPotential Reversal Zone(PRZ)($2,135-$2,108)๐ก.
Gold Analyze ( XAUUSD ), 4-hour time frame โฐ.
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.
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