Gold’s ATH Rally Slowing Down – Needs Correction!!!

4月24日

Gold(XAUUSD) has been on a strong uptrend in recent weeks, creating a new All-Time High(ATH) almost every day. Will a new ATH be created after $3,500 in the coming days? What do you think?

Gold is moving between the Resistance zone($3,386-$3,357) and Support zone($3,282-$3,245).

In terms of Elliott Wave theory, it seems that Gold has started to form Corrective Waves after recording the latest ATH. Gold is completing a Zigzag Correction wave (ABC/5-3-5) (most likely).

I expect Gold to start declining again after approaching the Resistance zone($3,386-$3,357) and attack the Support lines and Support zone($3,282-$3,245). It seems like Gold needs a correction, do you agree with me!? In the worst-case scenario for my analysis, Gold starts falling from the resistance zone($3,431-$3,406).

Note: If Gold can move above $3,440, we can expect more pumps and maybe make na ew All-Time High(ATH).

Gold Analyze ( XAUUSD ), 1-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put a 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月25日

交易开始

Trade was activated in Resistance zone($3,386-$3,357), also Long Position touched target = Resistance zone($3,386-$3,357)

4月25日

交易结束：到达目标

First Target Done