GOLD (XAUUSD) | The best spots and area 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 this analysis, the number of gold waves has changed compared to the previous analysis, and in this analysis, wave (2) is still forming and now we are inside its c wave.
At wave c , waves 1, 2, and 3 are probably complete, and wave 4 is forming.
If the price is rejected in the form of wave 4 of the specified targets, this analysis will be fielded.
In case of price return from the same point or targets, the best entry point after breaking the support line is red, and our target will be Fibo 1.00 (1794).
If the price exceeds Fibonacci 1.00, the scenario will change, which will be examined in the next analysis.
🙏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 this analysis, the number of gold waves has changed compared to the previous analysis, and in this analysis, wave (2) is still forming and now we are inside its c wave.
At wave c , waves 1, 2, and 3 are probably complete, and wave 4 is forming.
If the price is rejected in the form of wave 4 of the specified targets, this analysis will be fielded.
In case of price return from the same point or targets, the best entry point after breaking the support line is red, and our target will be Fibo 1.00 (1794).
If the price exceeds Fibonacci 1.00, the scenario will change, which will be examined in the next analysis.
🙏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.