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Gold managed to create a New All-Time High(ATH) at the beginning of the week.
๐โโ๏ธCurrently, Gold is moving near the ๐ดResistance zone($2,450-$2,426)๐ด.
๐According to the Elliott wave theory, Gold has succeeded in completing main wave 5 by the Ending Expanding Diagonal.
๐กAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
๐I expect Gold to continue falling to at least the ๐ขSupport zone($2,373-$2,353)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 gladly see your ideas in this post.
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