GOLD (XAUUSD) | The safest place to sell 🎯
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.
In gold , we will still have an upward mindset and think that wave 2 of 3 is forming, the decline that took place on Friday is likely to be wave a of the second wave of 3, and this wave probably ended in the same range and wave b There will be an ascent and correction for this descent.
If wave a is formed in the form of three waves, the ascent can go to the end of the previous wave, and if it is in the form of five waves, the ascent will go up to 1785, and then we will descend again for wave c to Fibo 0.618. Had.
If the black canal floor is broken before climbing, the hope of climbing will decrease.
If the beginning of wave 1 is broken, this analysis is generally 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!❤️
In gold , we will still have an upward mindset and think that wave 2 of 3 is forming, the decline that took place on Friday is likely to be wave a of the second wave of 3, and this wave probably ended in the same range and wave b There will be an ascent and correction for this descent.
If wave a is formed in the form of three waves, the ascent can go to the end of the previous wave, and if it is in the form of five waves, the ascent will go up to 1785, and then we will descend again for wave c to Fibo 0.618. Had.
If the black canal floor is broken before climbing, the hope of climbing will decrease.
If the beginning of wave 1 is broken, this analysis is generally 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.