GOLD (XAUUSD) | The best scenario for climbing🎯
Hello traders, Gold in 4-hour timeframe, this analysis is prepared in 4-hour timeframe, but has been published for a better view in 8-hour timeframe.
Wave 2 is over As we recognized long ago, wave c of wave 2 was a leading triangle.
And now wave 3 probably started from wave 3, and this recent uptrend will probably be related to wave 1 of wave 3 of wave 3.
According to the picture, the upward movement of wave 1 has moved to the middle line of the orange channel, and I think we will have a correction in the form of wave 2, and this correction will most likely correct up to half of the previous wave, and then the upward movement will begin.
But if the middle line of the canal is broken upwards, the upward movement will continue until 1835 to 1840.
🙏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!❤️
Wave 2 is over As we recognized long ago, wave c of wave 2 was a leading triangle.
And now wave 3 probably started from wave 3, and this recent uptrend will probably be related to wave 1 of wave 3 of wave 3.
According to the picture, the upward movement of wave 1 has moved to the middle line of the orange channel, and I think we will have a correction in the form of wave 2, and this correction will most likely correct up to half of the previous wave, and then the upward movement will begin.
But if the middle line of the canal is broken upwards, the upward movement will continue until 1835 to 1840.
🙏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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