Alikze »» XAUUSD| Wave 3 or C bullish scenario

30 juil.

🔍 Technical analysis: Wave 3 or C bullish scenario

- According to the analysis presented in the previous post, in the 1H time frame, a growth has been encountered after creating demand at the bottom of the descending channel.

- At present, according to the momentum and movement after the failure of the supply zone and pullback to the broken structure, the demand has been met again, and this growth can continue in the golden zone of the previous wave up to the specified areas.

- Therefore, the reversal structure in the form of wave C can continue until at least 0.78 of the previous wave of the 2420 range.

💎 In addition, if the green box is broken, the corrective view can continue until the origin of the upward movement.
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XAUUSD

30 juil.

Note

According to the movement path, after stabilizing in the area of ​​2385, it has touched the first and second targets. Therefore, according to the reaction to the 0.78 fibo area of ​​the previous wave, it can continue its upward movement until 2420 after its failure.

31 juil.

Note

According to the analysis presented in the previous media update, after the failure of the first target, wave C has been able to continue its path with 100% of wave A.