โ As I expected, the Gold (sniper) touched the ๐ฏTarget๐ฏ of the .
๐According to the theory of Elliot waves, it seems that Gold has succeeded in completing the main wave 5 and now we have to wait for correction waves.
๐กAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
๐I expect Gold to continue its downward trend to the Support line and the Fibonacci levels (38.2% and 50%).
Gold Analyze ( XAUUSD ), 4-hour time frame โฐ.
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.
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Gold can possibly form a Head and Shoulders pattern in the coming week.