Gold will go Down by Bearish Flag Pattern!!!

已更新
GDP, Unemployment Claims, and Core PCE data were announced almost as expected.

If the Unemployment Claims, GDP, and Core PCE data are released in line with expectations, their impact on the markets is usually limited because:

1-Priced-In Effect:
Markets tend to adjust their pricing ahead of time based on forecasts. As a result, data matching expectations typically does not provoke major market reactions unless there are surprises in other economic indicators.

2-Market Stability:
When key indicators align with predictions, investors often maintain their current strategies, leading to reduced volatility unless new risks or external shocks emerge.

3-Monetary Policy Implications:
Data in line with expectations generally confirms the prevailing outlook for monetary policy. For example:


But today's important news was the signing of the ceasefire between Lebanon and Israel, which can reduce tensions in the Middle East and be a factor in preventing Gold from rising again.
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Gold(XAUUSD) is moving in the Support zone($2,644-$2,625).

From the point of view of Classical Technical Analysis, it seems that Gold has succeeded in forming a Bearish Flag Pattern, we can confirm this pattern by breaking the lower line of the ascending channel.

According to the Elliott wave theory, Gold has succeeded in completing the main wave 4, and we should wait for main wave 5.

Based on the explanation above, I expect Gold to continue to decline to at least the Support zone($2,605-$2,584).

🔔Be sure to follow the updated ideas.🔔


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.

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交易开始
Trade was activated after breaking the lower line of the Ascending channel.
交易结束:到达止损
recent tensions in Syria could influence gold prices. In the past few days, intense clashes in northern and eastern Idlib between Syrian government forces and opposition groups have escalated. These confrontations, supported by Russian airstrikes and Turkish military reinforcements, have raised fears of wider regional instability. Such geopolitical uncertainty often drives investors toward safe-haven assets like gold, contributing to its price increase.

Although I closed the position with a profit, I generally chose a stop loss because the analysis expired.

I will try to update it soon.
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