an idea for GOLD in H4 chart

٣ مايو ٢٠٢٤

Hello everyone
As I mentioned before, my ideas in hourly timeframes in correction patterns have many uncertainties and they are just to give you an idea about what might happen. You must not rely on them and get in any positions till you have reliable confirmations.
My ideas that do not have Fibo level and is in general view are only to give you a view.
For this chart I will provide precise details if it follows my counting (in correction form) to get in the wave 5.

٤ مايو ٢٠٢٤

ملاحظة

if it rise up to 2330, so this price break out can be a reliable confirmation for up ward trend.

٤ مايو ٢٠٢٤

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But do not forget that we are in wave 5 and trading in this wave has many SL touching.

٩ مايو ٢٠٢٤

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As you know most of 5 waves are aggressive and sharp and what is happening here is not like a wave 1,2 of wave 5. It might be wave B and we will have more corrections for the next week. I do not trust it until it passes 2430.

١٣ مايو ٢٠٢٤

ملاحظة

we can not decide about it till it passes 2380

١٤ مايو ٢٠٢٤

ملاحظة

ready to deep dive

٢٢ مايو ٢٠٢٤

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I think red wave (B) was WXY and this wave (C) of wave 4 primary.
Forth waves are too tricky in Gold market.

٢٣ مايو ٢٠٢٤

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we are in wave 3 of C of 4

٢٤ مايو ٢٠٢٤

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Gold is done for this week.
Have a good weekend everyone.

٢٤ مايو ٢٠٢٤

ملاحظة

It seems that wave 3 finished and wave 4 is in progress