Elliott Waves Analysis
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GOLD (XAUUSD) ANALYSIS UPDATE
Date: 21/11/24 | Thursday
Gold is presently in an uptrend. At this juncture, it is advisable to await a pullback at a support level or for the establishment of a base. Should Gold fail to exhibit a pullback, it is essential to monitor the first H1 resistance zone at @ 2670.50 for confirmation before considering a sell position.
Conversely, if Gold does not adhere to this resistance zone, it is prudent to continue purchasing until a higher resistance level is reached. There is a considerable likelihood that Gold will progress toward daily resistance. Currently, the price is positioned at a daily support breakout (SBR).
Thus, it is important to observe Gold's reaction before making further trading decisions.
Key Zones to Watch:
Sell zone: @ 2670.50 - 2673.50
Buy zone: @ 2656.75 - 2653.50
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Good Morning, Educated Traders! 🔥
Today is a new day, bringing with it fresh potential and countless opportunities!
Believe in your skills, trust your judgment, and together, we will navigate the markets with confidence.
Be sure to UNMUTE & PIN 📌 this channel to stay in the loop. You won’t want to miss what’s coming next!
Gold sell now
@ 2640.20 - 2644.20
SL : 2648.20
TP1 : 2638.20
TP2 : 2636.20
+1
FAST ACTION, FAST REWARD!
Gold buy active 30 pips
DONE HIT TP 1
Let's secure 70% profit. Hold 30%
Stick to breakeven+ okay?
Gold buy now
@ 2634.20 - 2630.20
SL : 2626.20
TP1 : 2636.20
TP2 : 2638.20
Gold buy now
@ 2622.00 - 2618.00
SL : 2614.00
TP1 : 2624.00
TP2 : 2626.00
