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GOLD (XAUUSD) | The best area to buy gold๐ฏ
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.
The price is forming wave 3 microwaves.
Microwave 1 is formed in the form of a leading triangle, and in this triangle, wave 4 is ending at the bottom of the triangle.
After Wave 4 is completed, Wave 5 will start and will be completed on Fibo 0.5 or Fibo 0.618 targets.
If the channel floor is broken, this analysis will be fielded.
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
The price is forming wave 3 microwaves.
Microwave 1 is formed in the form of a leading triangle, and in this triangle, wave 4 is ending at the bottom of the triangle.
After Wave 4 is completed, Wave 5 will start and will be completed on Fibo 0.5 or Fibo 0.618 targets.
If the channel floor is broken, this analysis will be fielded.
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
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