GOLD (XAUUSD) | The best area and points to buy gold🏹
Hello traders, Gold in daily timeframe , this analysis is prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The previous analysis of gold in daily timeframe is still valid and in this analysis, gold starts its 5th wave and after breaking the green circles, the upward trend is confirmed.
In case of failure of green circles, the price will continue up to Fibo 0.38 and Fibo 0.50
Previous analysis description: There are two possibilities for starting the upward trend of gold , the first possibility is that wave 5 in 4-hour timeframe probably completes waves 1, 2, 3 and 4 itself in the form of a triangle, and the second possibility completes only waves 1 and 2 itself.
The red motion is for the first probability and the blue motion is for the second probability.
If the red channel is broken, this analysis will be fielded.
The best place to buy for a long time is after the price crosses the green circle.
🙏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!❤️
The previous analysis of gold in daily timeframe is still valid and in this analysis, gold starts its 5th wave and after breaking the green circles, the upward trend is confirmed.
In case of failure of green circles, the price will continue up to Fibo 0.38 and Fibo 0.50
Previous analysis description: There are two possibilities for starting the upward trend of gold , the first possibility is that wave 5 in 4-hour timeframe probably completes waves 1, 2, 3 and 4 itself in the form of a triangle, and the second possibility completes only waves 1 and 2 itself.
The red motion is for the first probability and the blue motion is for the second probability.
If the red channel is broken, this analysis will be fielded.
The best place to buy for a long time is after the price crosses the green circle.
🙏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!❤️