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Gold will Go UP at least to PRZ!!!
Gold(XAUUSD) started to rise again after the conflict started in Syria as if the Middle East does not want to be calm (unfortunately). Every day is a new story.
Gold started to rise again from the Support zone($2,644-$2,624) after the high point and is moving in an ascending channel.
According to the Elliott wave theory, Gold seems to have succeeded in completing microwave 4, and we should wait for it to rise again.
I expect Gold to rise at least to the upper line of the Ascending Channel and Potential Reversal Zone(PRZ)($2,675-$2,668).
⚠️Note: We can expect more dumps if gold touches $2,647.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-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.
（Source from: TV-By pejman_zwin）