Gold Continues to Fall!!!

anteontem

The announcement of a temporary ceasefire between Israel and Lebanon might lead to short-term downward pressure on Gold prices, as it alleviates immediate concerns about regional instability. However, any escalation in tensions or broader economic impacts could reverse this trend.

Gold(XAUUSD) started to fall after the ascending channel broke with the help of the above news.

Gold is trying to break the Support zone($2,644-$2,625).

According to the Elliott wave theory, Gold completed the corrective zigzag pattern, and we must wait for the next falling waves.

After breaking the Support zone($2,644-$2,625), I expect Gold to fall to at least the Next 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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anteontem

Trade ativo

Trade was activated After Breaking the Support zone.

ontem

Trade fechado: objetivo atingido

First Target Done; I will try to update in a new post next movement.