Gold Reached $4,000 _ But This Bounce May Not LastGoldOANDA:XAUUSDpejman_zwinGold(XAUUSD), as I expected in the previous idea, started its decline and reached the key support level of $4,000 (full target). Currently, on the 1-hour timeframe, Gold is moving near the upper line of the ascending channel and the Potential Reversal Zone(PRZ). From an Elliott Wave perspective, it seems that Gold is completing its main Wave 4, which appears to be a Zigzag correction(ABC/5-3-5). I expect Gold to start declining from the top of the ascending channel and the Potential Reversal Zone(PRZ), and after breaking the lower line of the ascending channel, it could drop at least to $3,987. If the downward momentum is strong, we could expect a deeper decline toward lower targets. First Target: $3,987 Second Target: $3,967 Stop Loss(SL): $4,081(Worst) What’s your view on gold? Will it settle below $4,000, or should we expect another upward move in gold’s price? 💡 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.