GOLD (XAUUSD) | The best area for sellðĨ
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 mentioned in the previous analysis, we expected a short decline, which we considered for wave 5 of wave a, and was completed.
At present, the correction structure has been determined and we know that a zigzag structure is waiting and now wave b correction is being formed from this zigzag that should not move beyond Fibo 0.618.
You should also expect a drop from this point because of the leading triangle formed for wave 5.
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 mentioned in the previous analysis, we expected a short decline, which we considered for wave 5 of wave a, and was completed.
At present, the correction structure has been determined and we know that a zigzag structure is waiting and now wave b correction is being formed from this zigzag that should not move beyond Fibo 0.618.
You should also expect a drop from this point because of the leading triangle formed for wave 5.
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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