Gold is entering the Resistance zone($2,740-$2,708) and Potential Reversal Zone(PRZ)[$2,733-$2,715)] and approaching the Upper line of the Ascending Channel.
According to Elliott's wave theory, Gold is completing microwave 5 of the main wave C.
Also, Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to fall to at least the Support zone($2,670-$2,653) after breaking the lower line of the ascending channel.
⚠️Note: If Gold breaks the Resistance zone($2,740-$2,708), we can expect more pumps.⚠️
⚠️Note: Tomorrow's US indices can impact the Gold trend. (Today's US indices were all as Forecasted).⚠️
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Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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