Hello traders, Gold in 1 hour time frame, according to previous analysis, we are now in wave 5.
And this wave is formed in the form of a channel (red channel) and waves 1, 2, 3 and 4 complete themselves, and now we are inside wave 5.
If the middle resistance of the big red channel is broken, we expect to climb to the price of 1855.
If the bottom of the red channel is broken, the price will move to the bottom of the green channel and will also be a confirmation of the formation of wave b.
🙏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!❤️
And this wave is formed in the form of a channel (red channel) and waves 1, 2, 3 and 4 complete themselves, and now we are inside wave 5.
If the middle resistance of the big red channel is broken, we expect to climb to the price of 1855.
If the bottom of the red channel is broken, the price will move to the bottom of the green channel and will also be a confirmation of the formation of wave b.
🙏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!❤️