BgAjie

BgAjie

Expect gold to continue its decline, just wait for confirmation of the formation of wave 2 to open a sell position, make sure the price touches Fibo 0.50 or 0.618 for wave 2

BgAjie

It can be seen that the price is still in a bearish trend, forming Wave 3 at the Fibo extension 1.272 and confirming the Fibo retracement 0.50 to form wave 4, if you look at the H1 timeframe there is a momentum candle, the price will reach 1.07124 in wave 5

BgAjie

It can be seen that the price has formed Wave 4, in theory the price will continue to decline, Confirmation of Fibo 0.50 and 0.618 to form Wave 4, price is still below ema 200 confirmed price is still bearish, in wave 3 in theory it is at Fiba extension 1.272 the price fix will continue to wave 5

BgAjie

on the H1 time frame the price is still bearish, the price is still below the 200 ema, and is forming a flag pattern, seen at fibo 0.618 or 0.786, rejection occurs, assumed to form Wave 2 If it is valid to form Wave 2 then the price will continue its decline until wave 5