GOLD (XAUUSD) | Best point for buy🎯
Hello traders, GOLD in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
In our opinion, gold has completed its fourth wave in the form of a triangle, and we think that the fifth wave is a wave that is equal in length to waves 1 and 3, ie the movement of wave 5 until around 1780 to 1785.
We assume that it is formed from 5 microwaves and we will have a sharp motion for wave 3 of wave 5.
It is possible to start wave 3 out of five sharply, wave 2 hitting the bottom of the green channel to make this movement more powerful.
If the bottom of the green canal is broken, the wave count will change and the probability of climbing will decrease
It should be said that the general nature of these movements is still unclear.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
In our opinion, gold has completed its fourth wave in the form of a triangle, and we think that the fifth wave is a wave that is equal in length to waves 1 and 3, ie the movement of wave 5 until around 1780 to 1785.
We assume that it is formed from 5 microwaves and we will have a sharp motion for wave 3 of wave 5.
It is possible to start wave 3 out of five sharply, wave 2 hitting the bottom of the green channel to make this movement more powerful.
If the bottom of the green canal is broken, the wave count will change and the probability of climbing will decrease
It should be said that the general nature of these movements is still unclear.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
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