Hello traders, Gold in weekly timeframe. This analysis is prepared in weekly timeframe but is displayed for a better view in 2 week timeframe.
Based on the previous waves, we are inside wave 5, where waves 1 and 2 are complete, and we are inside wave 3, and we considered wave 3 to be an extended wave.
According to the US dollar chart and economic news, gold has the potential to climb from this point, but the best place to buy gold is the bottom of the red channel.
If the red channel is broken, this analysis is fielded.
🙏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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