GOLD (XAUUSD) | Best point for buy🎯
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, we still preferred not to count this recent wave.
But our main priority will still be the beginning of wave 1 from the beginning, wave 3, and I think this side trend of sideways was wave 4 of wave 1, and it is formed into a triangle with a lot of time.
We identified two areas.
The first range is 1742, which in case of failure will probably continue until the beginning of the previous wave and can even form a new floor (the scenario also changes).
And the next range will be the range of 1760, which in case of upward failure will continue to climb to 1780.
We still believe that we are inside the correction triangle and that wave b will probably be ready to climb.
🙏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, we still preferred not to count this recent wave.
But our main priority will still be the beginning of wave 1 from the beginning, wave 3, and I think this side trend of sideways was wave 4 of wave 1, and it is formed into a triangle with a lot of time.
We identified two areas.
The first range is 1742, which in case of failure will probably continue until the beginning of the previous wave and can even form a new floor (the scenario also changes).
And the next range will be the range of 1760, which in case of upward failure will continue to climb to 1780.
We still believe that we are inside the correction triangle and that wave b will probably be ready to climb.
🙏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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