GOLD (XAUUSD) | The best area for sell🔥
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.
As mentioned in the previous analysis, we expected a short decline, which we considered for wave 5 of wave a, and was completed.
At present, the correction structure has been determined and we know that a zigzag structure is waiting and now wave b correction is being formed from this zigzag that should not move beyond Fibo 0.618.
You should also expect a drop from this point because of the leading triangle formed for wave 5.
🙏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!❤️
As mentioned in the previous analysis, we expected a short decline, which we considered for wave 5 of wave a, and was completed.
At present, the correction structure has been determined and we know that a zigzag structure is waiting and now wave b correction is being formed from this zigzag that should not move beyond Fibo 0.618.
You should also expect a drop from this point because of the leading triangle formed for wave 5.
🙏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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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.