GOLD (XAUUSD) | The best area to fall🔥
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.
As we said in the previous analysis, the climb will continue until near Fibonacci 0.618 for wave b and then the reaction will take place.
This reaction can be a spring mode to climb to the size of the previous wave, the target 1800 and even more, but based on the wave count that took place, we will have the possibility of another drop in the form of wave c .
The bearish confirmation for wave c will be confirmed if the purple trend line breaks.
It should also be noted that if the pink canal floor breaks upwards, the hope of climbing will decrease.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
As we said in the previous analysis, the climb will continue until near Fibonacci 0.618 for wave b and then the reaction will take place.
This reaction can be a spring mode to climb to the size of the previous wave, the target 1800 and even more, but based on the wave count that took place, we will have the possibility of another drop in the form of wave c .
The bearish confirmation for wave c will be confirmed if the purple trend line breaks.
It should also be noted that if the pink canal floor breaks upwards, the hope of climbing will decrease.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
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