Gold Gapped Up _ But This Rally May Not LastGoldOANDA:XAUUSDpejman_zwinGold(XAUUSD) is currently moving near the resistance zone($4,590-$4,546). Following the news over the weekend regarding the possible signing of a memorandum agreement between Iran and the U.S., which was also mentioned by Trump on social media, expectations increased that financial markets would open with bullish gaps across many assets. This bullish gap was also seen in gold at the market open. From an Elliott Wave Theory perspective, it seems gold is forming a Zigzag correction(ABC/5-3-5), and based on this structure, we could expect another bearish move for gold. Also, we can see a negative Regular Divergence(RD-) between two consecutive peaks. I expect that Gold goes down from the resistance zone, at least to $4,533. First Target: $4,553 Second Target: $4,536.20 Stop Loss(SL): $4,592 Points may shift as the market evolves. What’s your view on gold? Can gold continue trading above $4,600, or should we expect another correction and bearish move? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Gold Analyze (XAUUSD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥If you find it helpful, please BOOST this post and share it with your friends.