GOLD (XAUUSD) | Best area for buy🎯
Hello traders, Gold in 4-hour timeframe, this analysis is prepared in 4-hour timeframe, but has been published for a better view in 8-hour timeframe.
Gold based on a previous analysis we published in four hours:
We said that if the bottom of the black channel is not broken, we will have an ascent, and this ascent can have two modes, in the first case a leading move to complete wave 1 of wave 3 in daily time.
Or it could be a wave b that begins to decline after wave b completes wave c.
At the moment, it is not possible to have an accurate wave count and some limits must be considered. The first range will be the failure of the black channel floor, which will be confirmed for wave c if the descent fails.
The second range will be the failure of the middle line of the yellow channel, which will be confirmed in case of failure of the ascent, and this ascent will continue until around 1830 and then 1860.
🙏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 based on a previous analysis we published in four hours:
We said that if the bottom of the black channel is not broken, we will have an ascent, and this ascent can have two modes, in the first case a leading move to complete wave 1 of wave 3 in daily time.
Or it could be a wave b that begins to decline after wave b completes wave c.
At the moment, it is not possible to have an accurate wave count and some limits must be considered. The first range will be the failure of the black channel floor, which will be confirmed for wave c if the descent fails.
The second range will be the failure of the middle line of the yellow channel, which will be confirmed in case of failure of the ascent, and this ascent will continue until around 1830 and then 1860.
🙏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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