Gold: The Start Of The C Wave (Extreme Danger!)

After the FED announces their business Gold (XAUUSD) is likely to crash-down and hard.
I will support my statement with data coming from this chart.

The crash doesn't necessarily need to happen instantly. My idea is that we are witnessing a classic ABC correction in Elliott Wave Theory terminology. Let's dive in.

» Trading volume peaked in early April and has been dropping considerably.

» The ATH session ended as a very strong bearish (reversal) signal.

» There is a strong bearish divergence with the RSI. The RSI peaked February 2025 while Gold (XAU) peaked recently. Here is the chart:

Currently, Gold is showing a bounce until the resumption of the corrective bearish move.

Gold is set to move lower based on my interpretation of this chart. Approach with caution, or, go SHORT. You can't go wrong by shorting the top/resistance. Sell at resistance, buy at support.

Namaste.