GOLD (XAUUSD) | The best place to sellðŊ
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.
As I said in the previous analysis, we were waiting for a price drop, but we considered this drop in five waves, and now it is formed as 3 waves, and it has created the possibility of flatness for wave 2.
And another possibility that has arisen is that a correction for the same 5 waves that we had in mind, after a little more drop of wave a than wave 2, ends in lower times and starts an ascent to form wave b.
Note: If the rise is not more than the 1820 price, we expect a deep correction for wave 2 to Fibonacci 0.38, but if the correction continues until the 1829 price, the correction will be only a side trend and small.
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
As I said in the previous analysis, we were waiting for a price drop, but we considered this drop in five waves, and now it is formed as 3 waves, and it has created the possibility of flatness for wave 2.
And another possibility that has arisen is that a correction for the same 5 waves that we had in mind, after a little more drop of wave a than wave 2, ends in lower times and starts an ascent to form wave b.
Note: If the rise is not more than the 1820 price, we expect a deep correction for wave 2 to Fibonacci 0.38, but if the correction continues until the 1829 price, the correction will be only a side trend and small.
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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