GOLD (XAUUSD) | The best spot to fall🎯
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 reacted to Fibona 0.618 according to the expectation.
Gold is still in a triangle and is formed from this wave triangle e .
We preferred not to count the wave e , but in general, and as usual, we considered the wave in the form of Zigzag.
And in Zigzag, we think the wave b is completed and wave c is formed.
Wave c to descend until the first Target, which we consider, 1750. It should break the red channel floor to make this descent.
If the range of 1750 is broken, we probably will continue to move up to 0.618 for the formation of wave-2- to move the descent until the area is hard to climb for gold because it's out of their suffering area.
But if the Fibonio 0.618 is broken for wave e from wave e , it will be somehow confirmation, but it is better to broken the green channel floor and then opened the buying position.
🙏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 reacted to Fibona 0.618 according to the expectation.
Gold is still in a triangle and is formed from this wave triangle e .
We preferred not to count the wave e , but in general, and as usual, we considered the wave in the form of Zigzag.
And in Zigzag, we think the wave b is completed and wave c is formed.
Wave c to descend until the first Target, which we consider, 1750. It should break the red channel floor to make this descent.
If the range of 1750 is broken, we probably will continue to move up to 0.618 for the formation of wave-2- to move the descent until the area is hard to climb for gold because it's out of their suffering area.
But if the Fibonio 0.618 is broken for wave e from wave e , it will be somehow confirmation, but it is better to broken the green channel floor and then opened the buying position.
🙏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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