GOLD (XAUUSD) | Two great scenarios🚀
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 almost finished its second wave and according to the probabilities we had, it climbed but got stuck in a very sensitive and strong area.
I will try to give you just one mentality.
At first glance, the beginning of wave 3 is completely confirmed by breaking the red channel ceiling and moving to the next channel ceiling.
And in the next mentality, according to the not-so-normal zigzag structure of wave 2, this wave can be considered in a complex way, which will have another descent for the wave z , and it is better to examine these possibilities by starting the process and with it.
If Fibo 0.78 fails, these probabilities will be completely fielded.
🙏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 almost finished its second wave and according to the probabilities we had, it climbed but got stuck in a very sensitive and strong area.
I will try to give you just one mentality.
At first glance, the beginning of wave 3 is completely confirmed by breaking the red channel ceiling and moving to the next channel ceiling.
And in the next mentality, according to the not-so-normal zigzag structure of wave 2, this wave can be considered in a complex way, which will have another descent for the wave z , and it is better to examine these possibilities by starting the process and with it.
If Fibo 0.78 fails, these probabilities will be completely fielded.
🙏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.