GOLD (XAUUSD) | Climb over 300 pips๐
Hello traders, In this analysis, we examine the 4 microwaves of C-wave, the C-wave 1, 2, 3, and 4 waves are formed normally, and now we are wave 5, wave 5 has come down strongly to Fibo 1.13 and is sticking to the trend line itself. So we have a wave of 5 extensions.
Wave 5 can go up to Fibonacci 2.618, but we do not expect this decline because then our analysis will be fielded. The best point for the return of Fibo is 1.27, exactly where the green and red lines intersect, but if the trend line breaks, it will most likely be a false break, and eventually it will go as high as 1.618.
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Wave 5 can go up to Fibonacci 2.618, but we do not expect this decline because then our analysis will be fielded. The best point for the return of Fibo is 1.27, exactly where the green and red lines intersect, but if the trend line breaks, it will most likely be a false break, and eventually it will go as high as 1.618.
โค๏ธPlease, support this idea with a like and comment!โค๏ธ