GOLD (XAUUSD) | Best point for sell🎯
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 gold, this recent decline is probably related to one of the microwaves, wave 3 of wave 5 of wave c .
And by hitting the channel ceiling, wave 3 of wave 5 is completed and wave 4 of 5 is forming, we assume that wave 4 will be formed as a flat or triangle.
From this flat or triangle, two waves have formed and now the third wave is forming. We conclude that wave 5 of 5 is already fully formed.
🙏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 gold, this recent decline is probably related to one of the microwaves, wave 3 of wave 5 of wave c .
And by hitting the channel ceiling, wave 3 of wave 5 is completed and wave 4 of 5 is forming, we assume that wave 4 will be formed as a flat or triangle.
From this flat or triangle, two waves have formed and now the third wave is forming. We conclude that wave 5 of 5 is already fully formed.
🙏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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