Hello traders, Gold in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the count we had, the main waves 1, 2 and 3 were counted and now we are inside wave 4.
Wave 4 is probably formed in the shape of a triangle and this triangle can be counted in two states of contraction and expansion.
For now, we prefer to consider this triangle as a contraction, and from this triangle, waves a, b, c, and d are over, and wave e is forming.
From wave e, the tiny wave a and b are probably over, and now we are inside wave c, and we think the descent for wave c will happen as it did in August 2021, and then the main uptrend will begin.
If the upper side of the triangle is broken, also the 1830 area of ​​this analysis is fielded and the main ascent is probably started.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Based on the count we had, the main waves 1, 2 and 3 were counted and now we are inside wave 4.
Wave 4 is probably formed in the shape of a triangle and this triangle can be counted in two states of contraction and expansion.
For now, we prefer to consider this triangle as a contraction, and from this triangle, waves a, b, c, and d are over, and wave e is forming.
From wave e, the tiny wave a and b are probably over, and now we are inside wave c, and we think the descent for wave c will happen as it did in August 2021, and then the main uptrend will begin.
If the upper side of the triangle is broken, also the 1830 area of ​​this analysis is fielded and the main ascent is probably started.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️