GOLD (XAUUSD) | The best place to buy for a long time๐น
Hello traders, Gold in daily timeframe , this analysis is prepared in daily timeframe but has been published for a better view in 2 day timeframe.
This analysis is based on the red channel and in case of complete failure of the bottom of this channel, this possibility will be completely fielded.
In this probability, waves (1) and (2) for the completed gold valance are inside wave 3, the microwaves of which are forming.
And the red channel is based on wave 3 microwaves.
Inside Wave 3, Wave 4 is completed in a zigzag fashion by hitting the bottom of the channel, and now Wave 5 is forming.
There are two possibilities for starting the upward trend of gold , the first possibility is that wave 5 in 4-hour timeframe probably completes waves 1, 2, 3 and 4 itself in the form of a triangle, and the second possibility completes only waves 1 and 2 itself.
The red motion is for the first probability and the blue motion is for the second probability.
If the bottom of the red channel breaks, this analysis will be fielded.
The best place to buy for a long time is after the price crosses the green circle.
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
This analysis is based on the red channel and in case of complete failure of the bottom of this channel, this possibility will be completely fielded.
In this probability, waves (1) and (2) for the completed gold valance are inside wave 3, the microwaves of which are forming.
And the red channel is based on wave 3 microwaves.
Inside Wave 3, Wave 4 is completed in a zigzag fashion by hitting the bottom of the channel, and now Wave 5 is forming.
There are two possibilities for starting the upward trend of gold , the first possibility is that wave 5 in 4-hour timeframe probably completes waves 1, 2, 3 and 4 itself in the form of a triangle, and the second possibility completes only waves 1 and 2 itself.
The red motion is for the first probability and the blue motion is for the second probability.
If the bottom of the red channel breaks, this analysis will be fielded.
The best place to buy for a long time is after the price crosses the green circle.
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