Gold’s Correction Ahead? Technical Signals Point to Bearish Move
Gold (XAUUSD) on the 4H timeframe signals a potential bearish move. Wave (X) appears complete, with an ABC correction likely targeting $2,645.90 (1:1 W=Y). Bearish RSI & Stochastic divergence suggest weakening momentum, supporting downside bias. Wave 4 may complete before a bullish continuation.
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Momentum of demand is dominating in Gold. I'm expecting price would like to make an ending diagonal of wave 5 with 3 leg each sub-wave. Weak demand upward will confirm our next price projection. 
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