Gold is Ready to Fall Again!!!

After failing to break the Descending Channel, Gold started to fall again and managed to break the Support zone($2,338-$2,318) and Support line.

According to Elliott's wave theory, Gold seems to be on its way to completing five more bearish waves.

I expect Gold to fall at least to the next Support zone($2,288-$2,250).

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.

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Comment:

Still alive if Gold goes over $2340, scenario will be chaned