GOLD (XAUUSD) | Best point for sell🎯
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 gold, this recent decline is probably related to one of the microwaves, wave 3 of wave 5 of wave c .
And by hitting the channel ceiling, wave 3 of wave 5 is completed and wave 4 of 5 is forming, we assume that wave 4 will be formed as a flat or triangle.
From this flat or triangle, two waves have formed and now the third wave is forming. We conclude that wave 5 of 5 is already fully formed.
🙏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 gold, this recent decline is probably related to one of the microwaves, wave 3 of wave 5 of wave c .
And by hitting the channel ceiling, wave 3 of wave 5 is completed and wave 4 of 5 is forming, we assume that wave 4 will be formed as a flat or triangle.
From this flat or triangle, two waves have formed and now the third wave is forming. We conclude that wave 5 of 5 is already fully formed.
🙏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!❤️
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.