#xauusd-Gold ScenarioHello dear friends
According to the wave counting, we are still on the upward path of gold.
It seems that the best target for the ceiling of the upward wave in the daily time frame is the price range of $3150, but this path is accompanied by corrections, which our forecast can be seen in the image.
Good luck
Neo Wave
GMT Buy/Long Setup (2H) RiskyFirst of all, be aware that this setup is not low-risk. However, the invalidation level is close to the entry zone, and if it gets hit, the setup will be stopped.
There are two liquidity pools on the chart, one above and one below. We anticipate that the upper liquidity pool will be collected first, and then the price will be rejected from the order block above this pool.
From a wave count perspective, we have completed wave A and are now in wave B, which is a diametric pattern. We are currently in the final wave of this diametric, wave G.
After wave B is completed, we expect a bullish wave C.
Manage your risk carefully.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MKR ANALYSIS (2D)Before anything, pay attention to the timeframe. This is a 2-day timeframe, so it will take time.
From the point where we placed the red arrow on the chart, it seems that MKR's correction has begun.
It now appears to be in wave C. Buy/long positions can be considered in the green zone.
The target could be the red box.
A daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ALT looks bearish for mid-term (1D)ALT appears to be in a large-degree bearish wave C. If it reaches the red zone, we can look for a sell/short position targeting lower levels.
The minimum time required for wave C to complete is marked by the vertical line on the chart. Keep in mind that this is the minimum duration—if the wave extends, it may take longer.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
MORPHO Analysis (2H)From the point where we placed the red arrow on the chart, MORPHO appears to be forming a complex corrective pattern similar to a diametric.
Wave E could complete within the red box, leading the price into wave F.
A daily candle closing above the invalidation level will invalidate this outlook.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
check the trendGiven the price behavior in the current resistance range, possible scenarios have been identified.
It is expected that a trend change will form in the current resistance range and we will witness the beginning of a downward trend. If the slope of the downward trend is sharp, it can be a confirmation of the continuation of the downward trend.