Elliott Waves Analysis
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GOLD (XAUUSD) ANALYSIS UPDATE
12/08/24 |Tuesday (PPI)
Gold is now sideways on the H4 Resistance zone. I will monitor this H1 support zone. If it breaks out, I will look for an entry to sell.
If Gold flies back to the H4 Resistance zone, I will wait for a reaction to enter, because we have the highest fresh H4 Resistance @ 2481.00.
On the daily chart, Gold has already broken out of the previous Daily Resistance @ 2468.60.
Check Out My Watch Zones:
Sell zone: @ 2472.00 - 2474.50
Buy zone: @ 2463.75 - 2461.35
Gold is possibly going to retrace first and then continue to fly back.
If this H1 Support does not break out and has a reaction to buy, we can enter for scalping
We have upcoming HIGH IMPACT US news! Get ready and make sure to keep aside some capital if you want to trade during the news.
Key Events:
Core PPI (MoM)
PPI (MoM)
As professional traders, let's take calculated risks and I would advise you to trade after the news. Stay tuned for next confirmation! 📣
We have multiple upcoming HIGH & MEDIUM IMPACT news! Get ready and make sure to keep aside some capital if you want to trade during the news.
After some time Big News are back on deck Tonight with Sales, PPI & Jobless
• Rapid price movement
• Impulses
• liquidity sweeps
But always remember, as professional traders, let's take calculated risks and i would advice you to trade after the news. Stay tuned for my setups! 😉
Gold buy now
@ 2462.30 - 2458.30
SL : 2454.30
TP1 : 2464.30
TP2 : 2466.30
The price is still moving sideways. Let's wait for a clear structure before we execute. 🏆
Happy Tuesday and Day 2, Loyal Traders!
It was a profitable day yesterday. Well done! Let's start today with gratitude.
Be grateful for all the little things in life, we will be blessed with more.
Let's continue cruising and bring home those profits!
Blessed Tuesday Traders! 🔺
The better the excuses you can find for failing.
The less guilty you will feel for failing.
And you’ll become more likely to fail.
Look in the mirror every single day.
Ask yourself, is that really the absolute best you can be?
Tap Tap if you're ready for today
Deposit confirmed 👍
Keep it coming ⚡️
#InvestWithConfidence
#GrowYourWealth
Deposit confirmed 👍
Keep it coming ⚡️
#InvestWithConfidence
#GrowYourWealth
