🥇Gold🥇is playing the Yo-Yo game (Falling this time)🪀

Gold seems to be playing 🪀yo-yo🪀, and this time it is its turn to go down.

Gold is running near the resistance line and 🔴resistance zone($ 2015- $ 2012)🔴.

If we look at Gold from the theory of Elliott waves, we can understand that Gold finished the last Zigzag wave (C) near the 🔴resistance zone($ 2015- $ 2012)🔴.

I expect gold to at least fall to the 🟢support zone($ 1990.6- $ 1961.7)🟢.

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

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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Comment:

Gold reacted very well to the resistance line and resistance zone.

Trade closed: target reached:

First Target

Comment:

Gold is on the way to touch the support line.

Comment:

Gold is completing pullback