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.
Gold is still fluctuating on the red canal roof and its status is unknown.
And as we said before, it can have a drop in the form of wave z for wave 2, and this is confirmed if the range 1740 is completely broken down.
And if the price of 1760 is broken completely, the ascent to Target 1800, the beginning of wave 3 will be confirmed.
It should be said that the Fibonacci retracement of 0.78 reduces the hope of climbing.
🙏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!❤️
Gold is still fluctuating on the red canal roof and its status is unknown.
And as we said before, it can have a drop in the form of wave z for wave 2, and this is confirmed if the range 1740 is completely broken down.
And if the price of 1760 is broken completely, the ascent to Target 1800, the beginning of wave 3 will be confirmed.
It should be said that the Fibonacci retracement of 0.78 reduces the hope of climbing.
🙏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!❤️