Gold seems to be playing ๐ชyo-yo๐ช, and this time it is its turn to go down.
Gold is running near the resistance line and ๐ดresistance zone($ 2015- $ 2012)๐ด.
If we look at Gold from the theory of Elliott waves, we can understand that Gold finished the last Zigzag wave (C) near the ๐ดresistance zone($ 2015- $ 2012)๐ด.
I expect gold to at least fall to the ๐ขsupport zone($ 1990.6- $ 1961.7)๐ข.
Gold Analyze ( XAUUSD ), 1-hour Time frame โฐ.
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 be glad to see your ideas in this post.
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