🥇Gold🥇Can Drop by 🏳️Bearish Flag Pattern🏳️
🏃♂️Gold is moving near the 🟢Support zone($2,327-$2,302)🟢, 100_SMA(4-hour TF), Yearly Resistance(2).
🌊According to the theory of Elliott waves, Gold seems to have succeeded in completing wave 4 with Double Three Correction(WXY).
📈In terms of Classical Technical Analysis, the 🏳️Bearish Flag Pattern🏳️ is well visible.
🔔I expect Gold to fall towards the 🎯Targets🎯 I have identified on the chart after breaking the lower line of the Bearish Flag Pattern.
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.
🌊According to the theory of Elliott waves, Gold seems to have succeeded in completing wave 4 with Double Three Correction(WXY).
📈In terms of Classical Technical Analysis, the 🏳️Bearish Flag Pattern🏳️ is well visible.
🔔I expect Gold to fall towards the 🎯Targets🎯 I have identified on the chart after breaking the lower line of the Bearish Flag Pattern.
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.
Trade active
Comment:
✅Running well✅, XAUUSD was able to break the lower line of the bearish flag pattern.
Trade closed: target reached:
First Target Done
Comment:
If Gold will go up more than $2,330, we can expect more pump.
