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 5 of wave c of zigzag Wave 2 is also forming.
As expected, the fifth wave was at work and it happened.
Wave 5 completes microwaves 1, 2, and possibly 3, and these three waves are formed in the excellent channel, and we expect wave 4 to react to the bottom of the channel, forming wave 5 in this region.
Of course, this is normal, and the most unusual mode can move upward, and before the end of microwave 2, make a descent for microwave 5.
A field point is not considered for this analysis because wave 5 of wave c is formed anyway
And now very sharp and unusual downward movements can change the whole scenario.
🙏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 5 of wave c of zigzag Wave 2 is also forming.
As expected, the fifth wave was at work and it happened.
Wave 5 completes microwaves 1, 2, and possibly 3, and these three waves are formed in the excellent channel, and we expect wave 4 to react to the bottom of the channel, forming wave 5 in this region.
Of course, this is normal, and the most unusual mode can move upward, and before the end of microwave 2, make a descent for microwave 5.
A field point is not considered for this analysis because wave 5 of wave c is formed anyway
And now very sharp and unusual downward movements can change the whole scenario.
🙏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!❤️