GOLD (XAUUSD) | Correction to start the uptrend♻️
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.
In this analysis, I examined wave 4. Also, this analysis is just a movement without targets, and our goal is to give an overview of the future movements of the market.
Given the situation in which gold is located, we think that gold has entered the ascending phase and I considered wave 4 as an disciplinary triangle that we are now in wave d.
I expect wave d to be formed as a flat and now we are inside wave thirty.
In the following analysis, I will identify the best price targets.
Update:
As I said, I try to set better price targets in this analysis.
In my opinion, wave 1 of wave c, which is part of wave d, is over and we have to wait for correction to form wave 2.
Our assumption is that wave 2 completes as a pullback to the purple channel.
🙏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!❤️
In this analysis, I examined wave 4. Also, this analysis is just a movement without targets, and our goal is to give an overview of the future movements of the market.
Given the situation in which gold is located, we think that gold has entered the ascending phase and I considered wave 4 as an disciplinary triangle that we are now in wave d.
I expect wave d to be formed as a flat and now we are inside wave thirty.
In the following analysis, I will identify the best price targets.
Update:
As I said, I try to set better price targets in this analysis.
In my opinion, wave 1 of wave c, which is part of wave d, is over and we have to wait for correction to form wave 2.
Our assumption is that wave 2 completes as a pullback to the purple channel.
🙏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!❤️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.