Hello traders, Gold in 1 hour time frame, in today's analysis, due to the change in the structure of gold, we changed the wave count.
In this analysis, gold is forming wave c within wave 2.
This triangle completes waves 1 and 2 and now we are inside wave 3.
It is possible that the correction price up to Fibo will be 0.618 and if this area completely fails, it will move to the ceiling of the triangle, but if the ceiling of the triangle fails, this analysis will be fielded.
It is also possible for gold to fall from this point to the bottom of the triangle.
If the triangle floor breaks, the general state of the wave count will not change and only the shape of wave 2 will change.
The best places to enter the designated areas are in these areas and the power of buyers and sellers should be examined.
🙏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!❤️
In this analysis, gold is forming wave c within wave 2.
This triangle completes waves 1 and 2 and now we are inside wave 3.
It is possible that the correction price up to Fibo will be 0.618 and if this area completely fails, it will move to the ceiling of the triangle, but if the ceiling of the triangle fails, this analysis will be fielded.
It is also possible for gold to fall from this point to the bottom of the triangle.
If the triangle floor breaks, the general state of the wave count will not change and only the shape of wave 2 will change.
The best places to enter the designated areas are in these areas and the power of buyers and sellers should be examined.
🙏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!❤️