🚨Gold is Ready to Fall🚨

🏃‍♂️Gold is moving in a 🔴Heavy Resistance zone($2,075_$2,035)🔴.

🌊According to the theory of Elliott waves, it seems that Gold managed to complete one of the corrective waves near the 🔴Resistance zone($2,010.40_$2,046.70)🔴.

🌊The correction wave structure is of Zigzag(5-3-5) type, so microwave A had an Expanding Leading Diagonal structure.

💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.

🔔I expect Gold to Fall at least to the 🟢Support zone($2,010_$2,004)🟢.

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.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

Trade active:

🚨XAUUSD

🔴Position: Short

✅Entry Point: 2042.365 USD (Limit Order)

⛔️Stop Loss: 2053.200 USD

💰Take Profits:

🎯2010.191 USD

RR=2.97