GOLD (XAUUSD) | The best price target to climb🎯
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 also entered an ascending phase and we have considered the nature of the previous wave as an impulse, and considering the structure of the five waves, x its wave is far from expected.
We think that wave three, which we considered in very high times, is forming 1 microwave.
From the microwaves of wave 1, one of them has been completed and now we are probably inside wave 2. Target 1740 and then start your upward movement for Wave 3 from there.
And the next view is that the wave 2 is zigzag, which, with the support of the green channel floor and the breaking of the purple channel floor, moves towards the green channel ceiling. Target between 1785 and 1800, approved.
But if the movement enters the correction phase again from the roof of the green channel, it means that the ascent movement is for wave 5 of wave 1 and with the completion of wave 5 of wave 1.
Wave 2, which is the main correction, will start, which will be longer and probably with fast and strong movements.
It should be said that with the breaking of the price from 1740 to 1735, the hope of climbing decreases.
🙏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 also entered an ascending phase and we have considered the nature of the previous wave as an impulse, and considering the structure of the five waves, x its wave is far from expected.
We think that wave three, which we considered in very high times, is forming 1 microwave.
From the microwaves of wave 1, one of them has been completed and now we are probably inside wave 2. Target 1740 and then start your upward movement for Wave 3 from there.
And the next view is that the wave 2 is zigzag, which, with the support of the green channel floor and the breaking of the purple channel floor, moves towards the green channel ceiling. Target between 1785 and 1800, approved.
But if the movement enters the correction phase again from the roof of the green channel, it means that the ascent movement is for wave 5 of wave 1 and with the completion of wave 5 of wave 1.
Wave 2, which is the main correction, will start, which will be longer and probably with fast and strong movements.
It should be said that with the breaking of the price from 1740 to 1735, the hope of climbing decreases.
🙏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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