Hello traders, Gold in 4-hour timeframe, this analysis was prepared in 4-hour timeframe, but has been published for a better view in 8-hour timeframe. First of all, I have to say that the x-wave count is a triangular shape that we talked about in the daily time frame, and the orange wave counter is our 5-wave count in the daily time frame. In the 4-hour timeframe, both of our countdown waves show the beginning of an uptrend. Wave 1 is probably complete and now Wave 2 is forming. Wave 2 moves in a zigzag pattern. This wave in smaller timeframes may or may not complete wave (b) itself. If wave b completes after the market opens on Monday, wave 2 will move towards the target of 0.618 without any correction. If wave b is not complete, the price will probably move upwards after the market opens and then start moving downwards. Best places to trade: Best point for sale: The trend line is pink, after seeing the return signs, you can have a sale up to Fibo 0.618 Best point to buy: The first point to buy gold is the pink and blue channel floor, which is 0.618 wave 2 on Fibo. Second point: If the pink trend line is broken and the price crosses the end of wave 1, you can buy, and in this case, wave 2 is over in Fibo 0.50. If the purple resistance line 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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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.