GOLD (XAUUSD) | Probability of the last climbðĨ
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.
The structure of gold is such that it cannot be accurately counted.
If this wave is a correction wave, ie wave b , the last resistance that will be ahead will be Fibonacci 1.38 and to Fibonacci 1.618, and the confirmation of the decline for wave c will be the failure of the black channel floor.
Gold movements are in the form of patterns ab = cd both in terms of time and price
We will expect another climb to complete these moves.
If the bottom of the orange channel is broken, the descent is confirmed.
ðIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsð
âĪïļPlease, support this idea with a like and comment!âĪïļ
The structure of gold is such that it cannot be accurately counted.
If this wave is a correction wave, ie wave b , the last resistance that will be ahead will be Fibonacci 1.38 and to Fibonacci 1.618, and the confirmation of the decline for wave c will be the failure of the black channel floor.
Gold movements are in the form of patterns ab = cd both in terms of time and price
We will expect another climb to complete these moves.
If the bottom of the orange channel is broken, the descent is confirmed.
ðIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsð
âĪïļPlease, support this idea with a like and comment!âĪïļ
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