GOLD (XAUUSD) | The best area for correction♻️
Hello traders, Gold in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Gold has long been in a position to create several counting possibilities for Elliott Jobs.
The count we have considered may not be structurally and legally sound, and we will not make any claims in the future.
Based on the general phase count, wave 4 is forming and from this wave, wave 4 is being formed, and this wave 4 will be in the form of an interpolation triangle, which forms its waves a, b and c, and now we are inside wave d.
From wave d, wave a and b are formed and now we are inside wave c of d, which will be 5 waves.
These 5 waves are composed of waves 1 and 2, and now we are inside wave 3 of wave 3 of wave c of wave d, which strikes the upper side of the triangle pattern and moves beyond the ratio of 1.00 to wave -i- and happily breaks the ceiling of the black channel. And then returned to this channel, which marks the end of this wave.
Now we will expect a sideways trend, and after the uptrend to Fibo 1.618 for the wave-iii-, this sideways trend is probably a triangle consisting of several zigzags and a few flats whose initial structure is being completed and probably this structure with Another descent will end by 1860, and of course this will be normal.
🙏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 has long been in a position to create several counting possibilities for Elliott Jobs.
The count we have considered may not be structurally and legally sound, and we will not make any claims in the future.
Based on the general phase count, wave 4 is forming and from this wave, wave 4 is being formed, and this wave 4 will be in the form of an interpolation triangle, which forms its waves a, b and c, and now we are inside wave d.
From wave d, wave a and b are formed and now we are inside wave c of d, which will be 5 waves.
These 5 waves are composed of waves 1 and 2, and now we are inside wave 3 of wave 3 of wave c of wave d, which strikes the upper side of the triangle pattern and moves beyond the ratio of 1.00 to wave -i- and happily breaks the ceiling of the black channel. And then returned to this channel, which marks the end of this wave.
Now we will expect a sideways trend, and after the uptrend to Fibo 1.618 for the wave-iii-, this sideways trend is probably a triangle consisting of several zigzags and a few flats whose initial structure is being completed and probably this structure with Another descent will end by 1860, and of course this will be normal.
🙏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.