GOLD (XAUUSD) | The best scenario to climb📝
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.
As you can see in the chart, the price has broken the red channel and also entered our wave 1 range, and the previous analysis has lost some of its credibility.
If the price of 0.38 and 0.50 Fibonacci (price 1815-1820) breaks completely, it will continue to move until the price of 1834, and there will be no change in the current count.
If the Fibonacci price breaks 0.618 (1804 price) completely, there is a possibility that the price will fall to the 1795 area and then start rising from that area.
If the price of 1795 area as well as the warning sign is completely broken, the upward trend of gold will be violated.
🙏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!❤️
As you can see in the chart, the price has broken the red channel and also entered our wave 1 range, and the previous analysis has lost some of its credibility.
If the price of 0.38 and 0.50 Fibonacci (price 1815-1820) breaks completely, it will continue to move until the price of 1834, and there will be no change in the current count.
If the Fibonacci price breaks 0.618 (1804 price) completely, there is a possibility that the price will fall to the 1795 area and then start rising from that area.
If the price of 1795 area as well as the warning sign is completely broken, the upward trend of gold will be violated.
🙏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!❤️