GOLD (XAUUSD) | Best point for sellšÆ
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.
In this analysis, I considered the first wave count in 4-hour timeframes, and I think this correction is related to wave 2 in higher timeframes.
Wave 2 is formed in a zigzag pattern and wave a is complete, and now we can say that wave b is complete, but we are still considering the corrective triangle form for wave b, and after its formation we expect the price to fall.
If the purple circle is broken, the descent and the formation of c-wave from this area will be confirmed, and in case Fibo 0.618 is broken for b-wave, the second possibility in the 4-hour time frame should be considered.
šIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsš
ā¤ļøPlease, support this idea with a like and comment!ā¤ļø
In this analysis, I considered the first wave count in 4-hour timeframes, and I think this correction is related to wave 2 in higher timeframes.
Wave 2 is formed in a zigzag pattern and wave a is complete, and now we can say that wave b is complete, but we are still considering the corrective triangle form for wave b, and after its formation we expect the price to fall.
If the purple circle is broken, the descent and the formation of c-wave from this area will be confirmed, and in case Fibo 0.618 is broken for b-wave, the second possibility in the 4-hour time frame should be considered.
šIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsš
ā¤ļøPlease, support this idea with a like and comment!ā¤ļø
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