Gold Spot / U.S. Dollar
Short
Updated

GOLD hourly chart

609
Hello
I usually publish my ideas in daily charts and to give them hourly chart I have to publish more, so we do not need to repeat our opinions here. I wrote it for moderators that they do not need to mark me again please.
This is to early idea and please let to complete and then we get long positions.
Thanks
Note
I forgot to say that, this impulse is confirmed if price goes down deeper that 2325 unless it might be a correction. This is why Elliotticians say, 1 or A, 2 or B , and 3 or C. You knew that.
Note
Scenario 1 = deeper corrections as wave 5
Scenario 2 = countable bullish five waves (I don't think so)
Note
in H1 chart, it is making WXY but I do nothing till it finishes wave 5 or it goes up and pass the midline of purple channel
Note
we all know that wave 4 corrections in Gold chart can be so complicated
(Thanks to its whales ;)))
Note
Note that GOLD is still bearish
Note
you see, there is a powerful resistance area (Red Color) that pushes down the price every time, so it can be one of our confirmations for reversal.
Note
It looks like a complex WXY till now.

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