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.
In the previous analysis, we expected a decline with the onset of wave c, and this decline occurred.
Now in this analysis we look at wave c of zigzag wave 2 at larger times, wave c has completed waves 1 and 2 abnormally and now wave 3 is forming in wave 3 wave 4 The trend has started and the target we are considering for this correction is the price of 1775 (midline of the channel) and if it crosses the area of this target, it will continue as a pullback at 1780 and the floor of the broken triangle. Decreased and we have to wait for wave 3 to start at higher times.
🙏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!❤️
In the previous analysis, we expected a decline with the onset of wave c, and this decline occurred.
Now in this analysis we look at wave c of zigzag wave 2 at larger times, wave c has completed waves 1 and 2 abnormally and now wave 3 is forming in wave 3 wave 4 The trend has started and the target we are considering for this correction is the price of 1775 (midline of the channel) and if it crosses the area of this target, it will continue as a pullback at 1780 and the floor of the broken triangle. Decreased and we have to wait for wave 3 to start at higher times.
🙏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!❤️