pejman_zwin

🚨Gold is Ready to Go Down🚨_Can Gold make New ATH again❗️❓

Short
pejman_zwin Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold managed to create a New All-Time High(ATH) at the beginning of the week.

🏃‍♂️Currently, Gold is moving near the 🔴Resistance zone($2,450-$2,426)🔴.

🌊According to the Elliott wave theory, Gold has succeeded in completing main wave 5 by the Ending Expanding Diagonal.

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

🔔I expect Gold to continue falling to at least the 🟢Support zone($2,373-$2,353)🟢.

Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.

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Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.

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Trade active
Comment:
Support in front of Gold is the lower line of the Ending Expanding Diagonal.
Comment:
New Update

Comment:
Gold was able to break the lower line of Ending Expanding Diagonal, As I expected.
Trade closed: target reached
Comment:
if Gold breaks the🟢Support zone($2,373-$2,353)🟢, we have to wait for $2,340(at least)

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