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.
According to the previous analysis, as we said, if the price of 1825 breaks, the movement will continue until 1830.
We are inside wave 5 of wave 1.
Wave 5 was restructured as a leading triangle pattern.
We expect the decline to continue until 1810 and then until 1803 and even more by breaking the lower side of the triangle (orange line).
Also, if the previous ceiling of 1830 is broken, the next target is 1840.
🙏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!❤️
According to the previous analysis, as we said, if the price of 1825 breaks, the movement will continue until 1830.
We are inside wave 5 of wave 1.
Wave 5 was restructured as a leading triangle pattern.
We expect the decline to continue until 1810 and then until 1803 and even more by breaking the lower side of the triangle (orange line).
Also, if the previous ceiling of 1830 is broken, the next target is 1840.
🙏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!❤️