💡 GOLD 4H: The Bullish Scenario (UPDATE)

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
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I agree with you because on the daily timeframe the market closed and it is at support for that Seoul we see a bullish run
+3 Reply
@Saeed966, Thank you, let's see how it goes.
+1 Reply
@Saeed966, hi saeed are you from Iran
nice work
+2 Reply
SunnyHillCapital vortextrade
@vortextrade, Great work, thank you.
There are some mistakes in this analyse, in the wave I : 1-wave 3 is obv not a normal impulse and also it couldn't be a terminal (cuz 4 should've reach the END of wave 2, but it didn't) 2- wave 4 have already reached wave 2 3- there is no extended wave in this "impulse"

so... the wave I... isn't an impulse, its actually more like a corrective wave and the the whole pattern is more like a triangle (not a flat or zigzag)
+1 Reply
@GreatGrayT, Good observation, let's see how it goes.
Excellent analysis!
+1 Reply
@JBPip, Thank you, JB
+1 Reply
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