Gold Breakout Retest – Will PRZ Trigger the Next Rally?

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Gold(XAUUSD) attacked the Resistance lines and Resistance zone($3,350-$3,326) as I expected in yesterday's idea.

Gold seems to have broken the Resistance zone($3,350-$3,326) and Resistance lines and is pulling back to this zone.

In terms of Elliott Wave theory, Gold appears to have completed wave 3 and is currently completing wave 4.

I expect Gold to have a chance to rise back to the Resistance zone($3,394-$3,366) after entering the Potential Reversal Zone(PRZ)[$3,333-$3,315].

Note: Stop Loss (SL) = $3,297=Worst SL

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.

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Giao dịch đang hoạt động

Trade was activated in Potential Reversal Zone(PRZ)[$3,333-$3,315]

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Đóng lệnh: đạt mục tiêu

Target Done