🥇Gold🥇 Road Map🗺️!!!(4-hour time frame⏰)

Gold managed to complete its five impulse waves above the 🔴resistance zone($1,973.140-$1,966.26)🔴, forming a 🐮Bull Trap🐮.

Also, five impulse waves were completed between the two resistance and support lines, so we can say that even gold has formed a Rising Wedge Pattern.

Also, we can see Regular Divergence(RD-) between the end of waves 3 and 5.

🔔In recent hours, gold managed to break the support line, and I expect gold to have a downward trend in the next week or next hours; the 🎯target🎯 of gold's fall can be the end of wave 4 or the 🟢support zone($1,939-$1,932.16)🟢.

Gold Analyze ( XAUUSD ), 4-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.

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Commentaire:

In the emoji chart, I put the time frame of 1 hour, but actually, the time frame is 4 hours.😊

Transaction en cours

Trade fermée: cible de profit atteinte