GOLD (XAUUSD) | The safest place to buy🚀
Hello traders, Gold in 4-hour timeframe, this analysis is prepared in 4-hour timeframe, but has been published for a better view in 8-hour timeframe.
In our opinion, the second wave (wave ii) is complete and we will say again that microwave 1 of wave 3 is being formed.
From the microwave 1 of the first 3 waves, we think it is completely composed.
And the second wave is forming an disciplinary triangle.
This disciplinary triangle is inside its wave e and it is likely that wave e will move to the bottom of this triangle, ie the price of 1740, and then the ascent for wave 3 will start from 1.
Wave e is a wave that is very unusual and weak and can end its process in any part.
If the orange channel ceiling is broken, the onset of wave 3 is confirmed by wave 1 and the hope of re-falling is reduced.
And if the range of 1740 to 1735 is completely broken, the hope of ascent is reduced.
🙏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 our opinion, the second wave (wave ii) is complete and we will say again that microwave 1 of wave 3 is being formed.
From the microwave 1 of the first 3 waves, we think it is completely composed.
And the second wave is forming an disciplinary triangle.
This disciplinary triangle is inside its wave e and it is likely that wave e will move to the bottom of this triangle, ie the price of 1740, and then the ascent for wave 3 will start from 1.
Wave e is a wave that is very unusual and weak and can end its process in any part.
If the orange channel ceiling is broken, the onset of wave 3 is confirmed by wave 1 and the hope of re-falling is reduced.
And if the range of 1740 to 1735 is completely broken, the hope of ascent is reduced.
🙏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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