GOLD (XAUUSD) | The best scenario for the fall 📝
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.
Gold is still in a state that cannot be counted.
And many possibilities can be considered for counting.
We also preferred to count the waves as corrections, and from this correction, wave a and wave b ended, although not very normal.
The last wave of this plate is forming.
Wave c is a wave that I think will finally break the bottom of the orange channel and move downwards in the form of five waves and possibly in the form of a diagonal triangle, and the target we have for wave c will be 1770 and the maximum will be 1738.
The bottom of the orange channel must be broken to confirm the formation of wave c in our wave count.
The price will continue to rise until 1830 and then 1850.
🙏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!❤️
Gold is still in a state that cannot be counted.
And many possibilities can be considered for counting.
We also preferred to count the waves as corrections, and from this correction, wave a and wave b ended, although not very normal.
The last wave of this plate is forming.
Wave c is a wave that I think will finally break the bottom of the orange channel and move downwards in the form of five waves and possibly in the form of a diagonal triangle, and the target we have for wave c will be 1770 and the maximum will be 1738.
The bottom of the orange channel must be broken to confirm the formation of wave c in our wave count.
The price will continue to rise until 1830 and then 1850.
🙏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!❤️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.