Hello traders, Gold in 1 hour time frame, it seems that gold has finished its 4th wave, but it may not be finished. I mean, it would have been better for the price to start with the top line of the channel or the bottom of the channel, wave 5, but there is no need, and this channel has only been able to isolate the trend.
My prediction: Gold will continue its downward movement by hitting the upper line, in 1775 area, but when it reaches the floor, the buyers' inclination should be examined to determine the desire to ascend or descend, if the support of 1755 is completely broken and stabilized in this case. Wave 5 will be confirmed.
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My prediction: Gold will continue its downward movement by hitting the upper line, in 1775 area, but when it reaches the floor, the buyers' inclination should be examined to determine the desire to ascend or descend, if the support of 1755 is completely broken and stabilized in this case. Wave 5 will be confirmed.
Friends, if you are interested in putting a signal at the bottom of each analysis, write in the comments ✍🏻
❤️Please, support this idea with a like and comment!❤️