Forex92_Official

Gold: A plunge to 1900 and then 5th impulsive wave above 2100

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is expected to experience a decline towards the 1900 support zone, which encompasses several support levels including horizontal support, 50% Fibonacci retracement, and psychological numbers. If this scenario unfolds, it would indicate the completion of the 4th corrective wave and potentially pave the way for the 5th and final impulsive wave, surpassing the 2100 level. You can refer to the attached chart for a visual representation of this projection.

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