GOLD/XAUUSD
Updated
Hello friends, I hope you are as profitable and healthy as before.
The analysis of the gold price chart is in 5 minutes, which I will share for you in 15 minutes.
And to clarify and have an overview of the price trend, I will quickly share it with you in another analysis in the weekly time after this chart.
If we know the wave count in the above timeframes and in this latest trend to be correct, please be careful; I say if
In the 5-minute timeframe, it has completed its 5-wave uptrend and also completed its 3-wave correction.
And the time frame above 15 minutes to 1 hour is completing its fourth corrective wave of the 5-wave downward trend. It will probably be completed at a price lower than *1955*, perhaps where the caution sign is inserted *price 1947*. If the market trend is strong and the momentum is high. The price may be higher.
Well, if this step is correct, the trend should move after the completion of the 4th wave to complete the 5th wave. [The place I marked with a question mark]. And in my opinion, it can go down until the tick mark in the chart. Of course, if wave 5 is not an incomplete wave. We know that anything can happen in the price trend. Anyway, this analysis can be confirmed in 4 hours. Price increase even up to 50 and less than 55. and correct the price until? Enlarge the chart for a better view or simulate it in your chart.
Disclaimer; This is a personal analysis and not a buy or sell signal.
The analysis of the gold price chart is in 5 minutes, which I will share for you in 15 minutes.
And to clarify and have an overview of the price trend, I will quickly share it with you in another analysis in the weekly time after this chart.
If we know the wave count in the above timeframes and in this latest trend to be correct, please be careful; I say if
In the 5-minute timeframe, it has completed its 5-wave uptrend and also completed its 3-wave correction.
And the time frame above 15 minutes to 1 hour is completing its fourth corrective wave of the 5-wave downward trend. It will probably be completed at a price lower than *1955*, perhaps where the caution sign is inserted *price 1947*. If the market trend is strong and the momentum is high. The price may be higher.
Well, if this step is correct, the trend should move after the completion of the 4th wave to complete the 5th wave. [The place I marked with a question mark]. And in my opinion, it can go down until the tick mark in the chart. Of course, if wave 5 is not an incomplete wave. We know that anything can happen in the price trend. Anyway, this analysis can be confirmed in 4 hours. Price increase even up to 50 and less than 55. and correct the price until? Enlarge the chart for a better view or simulate it in your chart.
Disclaimer; This is a personal analysis and not a buy or sell signal.
Note
Well, we can see that in this analysis, the price follows exactly the determined path. Let's see what happens next.Trade closed: target reached
My friends; As you can see. If you were to open a sale transaction at the price of *1946* with my analysis. Now, like me, you have received at least 80 pips of net profit.May all of you be healthy and happy for another analysis and benefit
Note
Hello friends, as we have seen, the price of gold is approaching the destination correctly in our predetermined movement process. Price 1911. That red check markAlthough, in the long term, I predict it up to the price of 1880.
Anyway, I will wait for the price of 1911 to analyze and continue the process.
Be happy and prosperous.
Note
I would really like others to share in my profit from the forex market. It means that they can use my analysis.But considering that I have not received any feedback so far.
I stopped doing this.
And I continue to generate income for myself and my partners.
I will avoid giving my information publicly.
I am grateful to those who helped me during this time.
Be profitable and healthy.
Disclaimer
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