Gold(XAUUSD) is moving in the Resistance zone($2,688-$2,666).
According to the Elliott wave theory, Gold has successfully completed microwave 4 with the help of a Contracting Triangle and is currently completing main wave 5.
I expect Gold to go up at least as far as the Potential Reversal Zone(PRZ)[$2,679-$2,675] and the upper line of Bollinger Band and then correct.
Note: In previous posts, I told you that the Bollinger Bands indicator works well for gold in the 1-hour time frame.
🔔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).
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