Gold(

XAUUSD

) is currently moving near the Resistance zone($2,670-$2,653) and the 50_SMA(Daily).

Regarding Classic Technical analysis, Gold is moving in the Ascending Broadening Wedge Pattern.

According to the theory of Elliot waves, it seems that Gold has completed microwave 4, and we should wait for microwave 5.

I expect that Gold can have an upward trend in the coming hours and can attack the Resistance zone($2,670-$2,653) for the umpteenth time.

⚠️Note: If Gold breaks the Support zone($2,639-$2,630), we can expect more dumps⚠️.

🔔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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