GOLD (XAUUSD) | The best spot to fall🎯
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 this analysis, we examined the d-wave at higher timeframes.
In our opinion, wave d is a flat whose wave is complete and probably wave b is also complete. In any case, we consider the trend to be upward.
In this process, which has formed 5 waves, there are 2 possibilities:
First possibility: first a descent to around 1760 and then an ascent and the creation of a twin floor and then a descent to 1760 and even beyond.
Second possibility: first a descent for the formation of Wave 2, where our maximum target is 1750, and then ascend to the target above 1820.
Note: If the price exceeds 1840 before its decline, it is likely that wave 1 is an extended wave and the hope for correction in this area is very low.
(The best point to enter after breaking the floor of the red 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, we examined the d-wave at higher timeframes.
In our opinion, wave d is a flat whose wave is complete and probably wave b is also complete. In any case, we consider the trend to be upward.
In this process, which has formed 5 waves, there are 2 possibilities:
First possibility: first a descent to around 1760 and then an ascent and the creation of a twin floor and then a descent to 1760 and even beyond.
Second possibility: first a descent for the formation of Wave 2, where our maximum target is 1750, and then ascend to the target above 1820.
Note: If the price exceeds 1840 before its decline, it is likely that wave 1 is an extended wave and the hope for correction in this area is very low.
(The best point to enter after breaking the floor of the red 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.