Hello traders, Gold in 1 hour timeframe, in previous analyzes we had a general wave called (b) and this wave b is involved in the formation of wave -a- itself.
Wave a consists of 5 waves and this indicates that wave (b) is zigzag .
Wave a is very vague for being 5 waves, but according to the channels, waves 1, 2, 3 and 4 of wave a are complete and now we are inside wave 5.
If Wave 5 can break the red trend line , it will move to the 1830 area.
And if the bottom of the canal is broken, the trend will move to the 1790 area, and in this case, this scenario is correct, but if this area is broken, this analysis will be fielded, and the next move is the 1770 area, which is a very important and sensitive area.
🙏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!❤️
Wave a consists of 5 waves and this indicates that wave (b) is zigzag .
Wave a is very vague for being 5 waves, but according to the channels, waves 1, 2, 3 and 4 of wave a are complete and now we are inside wave 5.
If Wave 5 can break the red trend line , it will move to the 1830 area.
And if the bottom of the canal is broken, the trend will move to the 1790 area, and in this case, this scenario is correct, but if this area is broken, this analysis will be fielded, and the next move is the 1770 area, which is a very important and sensitive area.
🙏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!❤️