1-hour gold wave count: The rebound conditions were not met last night, insufficient energy, yesterday's daily chart closed with a shadow upper wick, the weekly chart with a small bearish candle, high probability of continued decline next week. Currently, it seems that the blue B wave rebound has ended at 2364, and the blue C wave decline is in progress. Keep an eye on whether it will be a 3-wave or 5-wave decline, to be continued next week. Always focus on the Fibonacci 0.382-0.5-0.618 correction levels of the green fourth wave. There will be an ending day, patiently waiting for the start of the green fifth wave.
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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.