Gold Analysis (Expect More Falling)!!!
Updated
Gold has managed to break the Support zone($2,337-$2,318) and 50_SMA(Daily).
According to Elliott's wave theory, Gold is completing its next 5 downtrend waves.
It is possible to form a Descending Channel, Gold can react to the lower line of the descending channel.
I expect Gold to continue falling to the next Support zone($2,272-$2,248).
Gold Analyze ( XAUUSD ), 4-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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and
According to Elliott's wave theory, Gold is completing its next 5 downtrend waves.
It is possible to form a Descending Channel, Gold can react to the lower line of the descending channel.
I expect Gold to continue falling to the next Support zone($2,272-$2,248).
Gold Analyze ( XAUUSD ), 4-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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and
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Note
As the week begins, I expect gold to have a temporary rise and fall again.
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