🥇Gold🥇Can Drop by 🏳️Bearish Flag Pattern🏳️

Apr 29, 2024

🏃‍♂️Gold is moving near the 🟢Support zone($2,327-$2,302)🟢, 100_SMA(4-hour TF), Yearly Resistance(2).

🌊According to the theory of Elliott waves, Gold seems to have succeeded in completing wave 4 with Double Three Correction(WXY).

📈In terms of Classical Technical Analysis, the 🏳️Bearish Flag Pattern🏳️ is well visible.

🔔I expect Gold to fall towards the 🎯Targets🎯 I have identified on the chart after breaking the lower line of the Bearish Flag Pattern.

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.

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Apr 29, 2024

Trade active

Apr 30, 2024

Note

✅Running well✅, XAUUSD was able to break the lower line of the bearish flag pattern.

Apr 30, 2024

Trade closed: target reached

First Target Done

May 2, 2024

Note

If Gold will go up more than $2,330, we can expect more pump.