GOLD (XAUUSD) | The safest price target to fall ๐ฏ
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, we expected to climb for wave 4, and this is what happened.
Many Elliottists consider this ascent to be the beginning of Wave 3, but we preferred to distinguish this wave from Wave c and consider another decline for Wave 5 and a much better price floor for Wave 3 to start at higher times. .
And we preferred to change the scenario after the failure of the field point, if the decline is confirmed and the strength of the sellers is determined, the target we are considering will be the price of 1740.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
According to the previous analysis, we expected to climb for wave 4, and this is what happened.
Many Elliottists consider this ascent to be the beginning of Wave 3, but we preferred to distinguish this wave from Wave c and consider another decline for Wave 5 and a much better price floor for Wave 3 to start at higher times. .
And we preferred to change the scenario after the failure of the field point, if the decline is confirmed and the strength of the sellers is determined, the target we are considering will be the price of 1740.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ