Gold Roadmap==>>Short term!!!

29 oct. 2024

The recent CB Consumer Confidence and JOLTS Job Openings reports are both pivotal indexes for gold’s market reaction. A lower-than-expected JOLTS report, indicating fewer job openings, suggests possible economic slowing, which tends to support higher gold prices as investors look for safe-haven assets. On the other hand, if the Consumer Confidence Index shows strength, it can signal economic resilience, potentially reducing demand for gold as risk-on assets may become more attractive.

Gold(XAUUSD) moved as I expected in ✅yesterday's post✅.

Gold is moving near the Potential Reversal Zone(PRZ).

According to the theory of Elliot waves, it seems that we should wait for wave 4 of Gold in the 15-minute time frame.

Also, Regular Divergence(RD-) between Consecutive Peaks.

I expect Gold to decline to at least the Support zone($2,761-$2,756) and the Uptrend line.

⚠️Note: If Gold goes over PRZ, we have to wait for $2,800(at least)⚠️

🔔Be sure to follow the updated ideas.🔔

Gold Analyze ( XAUUSD ), 15-minute 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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30 oct. 2024

Transaction en cours

I expect Gold can make the correction by Ascending Broadening Wedge Pattern.

30 oct. 2024

Trade fermée: cible de profit atteinte

First Target Done

31 oct. 2024

Trade fermée: cible de profit atteinte

Second Target Done