Gold Continues to Fall!!!

4 giorni fa

The announcement of a temporary ceasefire between Israel and Lebanon might lead to short-term downward pressure on Gold prices, as it alleviates immediate concerns about regional instability. However, any escalation in tensions or broader economic impacts could reverse this trend.

Gold(XAUUSD) started to fall after the ascending channel broke with the help of the above news.

Gold is trying to break the Support zone($2,644-$2,625).

According to the Elliott wave theory, Gold completed the corrective zigzag pattern, and we must wait for the next falling waves.

After breaking the Support zone($2,644-$2,625), I expect Gold to fall to at least the Next Support zone($2,605-$2,584).

🔔Be sure to follow the updated ideas.🔔

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 gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

4 giorni fa

Trade attivo

Trade was activated After Breaking the Support zone.

4 giorni fa

Trade chiuso: obiettivo raggiunto

First Target Done; I will try to update in a new post next movement.