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.
Wave 1 for gold is over and now Wave 2 is forming.
In wave 2, wave a is completed as five waves and wave b as a triangle, and now we expect wave c to be formed as five waves, but before that, the structure of wave b is such that the conditions for continuing and It continues to lengthen this wave, if the floor of this triangle is not broken by force, it has the process of re-hitting the ceiling and then forming wave c.
The best point to enter after the complete failure of the bottom of the triangle and then enter the area in Pullback.
The first target is 1760 and this target is very strong and the second target will be 1740
We do not have a field point for this analysis, but breaking the ceiling and the 1820 range reduces the expectation of a decline.
🙏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!❤️
Wave 1 for gold is over and now Wave 2 is forming.
In wave 2, wave a is completed as five waves and wave b as a triangle, and now we expect wave c to be formed as five waves, but before that, the structure of wave b is such that the conditions for continuing and It continues to lengthen this wave, if the floor of this triangle is not broken by force, it has the process of re-hitting the ceiling and then forming wave c.
The best point to enter after the complete failure of the bottom of the triangle and then enter the area in Pullback.
The first target is 1760 and this target is very strong and the second target will be 1740
We do not have a field point for this analysis, but breaking the ceiling and the 1820 range reduces the expectation of a decline.
🙏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!❤️