Gold's Final Shakeout Is Coming for PEPPERSTONE:XAUUSD by BrightRally_Research

EWT: DAILY TF Gold hit a peak of $5419 in early March and has been falling since then. Right now, XAUUSD is trying to move up slightly, but it looks more like a temporary bounce than a real recovery. Gold is forming a flat formation. Waves 1 through 4 have already played out, and the market now appears to be setting up for the final move: Wave 5 to the downside. After Wave 5 is complete, XAUUSD is likely to start moving upward. Immediate Resistance: 4800 Immediate Support: 4500 A …