GOLD (XAUUSD) | The best goal to fall📍
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.
The gold trend is generally within a progressive cycle, from which waves 1, 2, and 3 are completed, with waves 4 and 5 remaining.
Wave structure 4: It is similar to a triangle due to its shallow depth.
This triangle can be considered as expansion and contraction.
Preferably we counted as a contracted triangle.
From this triangle the waves a, b, c and d are formed and are now inside the wave e.
It consists of wave e microwave a and wave b will correct a maximum of 0.618% of wave a and then wave c is placed on the floor of the black channel and in this range to climb for Wave 5 will take place until target 2050.
If the bottom of the channel is broken, the trend should not move more than the lower side of the triangle, otherwise the analysis will be field.
In the disciplinary triangle scenario, we are inside the last wave d , which is formed as five waves.
If the upper side of the triangle is broken before hitting the floor of the channel again, the expectation of this scenario is higher.
It should be noted that the uptrend, which can be reforming or leading, has started, and the resistance of 1830 is very critical to determine whether reform or progress is continuing.
🙏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!❤️
The gold trend is generally within a progressive cycle, from which waves 1, 2, and 3 are completed, with waves 4 and 5 remaining.
Wave structure 4: It is similar to a triangle due to its shallow depth.
This triangle can be considered as expansion and contraction.
Preferably we counted as a contracted triangle.
From this triangle the waves a, b, c and d are formed and are now inside the wave e.
It consists of wave e microwave a and wave b will correct a maximum of 0.618% of wave a and then wave c is placed on the floor of the black channel and in this range to climb for Wave 5 will take place until target 2050.
If the bottom of the channel is broken, the trend should not move more than the lower side of the triangle, otherwise the analysis will be field.
In the disciplinary triangle scenario, we are inside the last wave d , which is formed as five waves.
If the upper side of the triangle is broken before hitting the floor of the channel again, the expectation of this scenario is higher.
It should be noted that the uptrend, which can be reforming or leading, has started, and the resistance of 1830 is very critical to determine whether reform or progress is continuing.
🙏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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