GOLD (XAUUSD) | The best area for correction♻️
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.
Gold has long been in a position to create a number of counting possibilities for Elliott's work, a count that we may consider may not be structurally and legally sound, and we have no claim in the future.
Based on the general phase count, wave 4 is leading and from this leading trend, wave 4 is being formed, and this wave 4 will be in the form of an interdisciplinary triangle, which forms its waves a, b and c, and now we are inside wave d.
From wave d, wave a and b are formed and now we are inside wave c of d.
Which will be in the form of five waves.
Of these 5 waves, waves 1 and 2 are formed, and wave 3 seems to have ended with a powerful step towards 2060, and it has also filled its Fibonacci ratio in approximately maximum conditions.
We are now inside wave 4 of c from d, and we think that this wave in the form of a zigzag, of course, can end in its first motion, this zigzag for wave a may make another descent beyond the previous floor and then wave b and then wave c is formed.
This state and this count is stable as long as the Fibonacci range 0.618 to Fibonacci 0.78 is not broken down.
🙏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!❤️
Gold has long been in a position to create a number of counting possibilities for Elliott's work, a count that we may consider may not be structurally and legally sound, and we have no claim in the future.
Based on the general phase count, wave 4 is leading and from this leading trend, wave 4 is being formed, and this wave 4 will be in the form of an interdisciplinary triangle, which forms its waves a, b and c, and now we are inside wave d.
From wave d, wave a and b are formed and now we are inside wave c of d.
Which will be in the form of five waves.
Of these 5 waves, waves 1 and 2 are formed, and wave 3 seems to have ended with a powerful step towards 2060, and it has also filled its Fibonacci ratio in approximately maximum conditions.
We are now inside wave 4 of c from d, and we think that this wave in the form of a zigzag, of course, can end in its first motion, this zigzag for wave a may make another descent beyond the previous floor and then wave b and then wave c is formed.
This state and this count is stable as long as the Fibonacci range 0.618 to Fibonacci 0.78 is not broken down.
🙏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!❤️