Description
⋅ ✅As I expected, the Gold (sniper) touched the 🎯Target🎯 of the .
🌊According to the theory of Elliot waves, it seems that Gold has succeeded in completing the main wave 5 and now we have to wait for correction waves.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Gold to continue its downward trend to the Support line and the Fibonacci levels (38.2% and 50%).
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
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⋅ Comment
⋅ Gold can possibly form a Head and Shoulders pattern in the coming week.
Comment
⋅ Great movement,