GOLD (XAUUSD) | The best places to fall🔥
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.
Gold has moved beyond the range of 1790 that we have identified, but it has not moved towards the target of 1800 that we intended and has not completed our view as it should.
In terms of wave, we do not consider any exact wave count and we prefer to consider this set of waves as wave c of wave 2 flat.
And the limitations that we have in our view right now.
In case of complete failure of the purple channel roof, the ascent up to 1800 and the Naren trend line will be confirmed, and in case of failure, the black trend line will descend to 1780 and even more can be confirmed.
🙏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!❤️
Gold has moved beyond the range of 1790 that we have identified, but it has not moved towards the target of 1800 that we intended and has not completed our view as it should.
In terms of wave, we do not consider any exact wave count and we prefer to consider this set of waves as wave c of wave 2 flat.
And the limitations that we have in our view right now.
In case of complete failure of the purple channel roof, the ascent up to 1800 and the Naren trend line will be confirmed, and in case of failure, the black trend line will descend to 1780 and even more can be confirmed.
🙏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!❤️
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