GOLD (XAUUSD) | The best areas to fall again๐ฅ
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.
We have changed the gold wave count compared to the previous analysis and considered the ascent of the previous wave for wave 5 from wave 1, and this decline will be related to wave-2 . We will have wave 2.
This descent is on Fibo 0.5 relative to wave 1, and from this point we will expect the formation of wave b , ie the ascent to around 1780 and then the descent in the form of wave c on Fibo 0.618.
If Fibo 0.5 is completely broken, the decline will continue and should be revised to change the scenario and continue the trend.
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
We have changed the gold wave count compared to the previous analysis and considered the ascent of the previous wave for wave 5 from wave 1, and this decline will be related to wave-2 . We will have wave 2.
This descent is on Fibo 0.5 relative to wave 1, and from this point we will expect the formation of wave b , ie the ascent to around 1780 and then the descent in the form of wave c on Fibo 0.618.
If Fibo 0.5 is completely broken, the decline will continue and should be revised to change the scenario and continue the trend.
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