Gold(XAUUSD) is currently moving in the Resistance zone($2,667-$2,653) and has managed to break the upper line of the Descending Channel.
In terms of Elliott wave theory, Gold completed the Double Three Correction wavesas I expected, and I am also waiting for the Resistance zone($2,667-$2,653) to break with the break of the upper line of the descending channel.
I expect Gold to rise to at least $2,679 after breaking the Resistance zone($2,667-$2,653), and the next target is the width of the descending channel (broken).
⚠️Note: If Gold goes below $2,636, we can expect a further decrease in Gold.⚠️
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Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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