Hello traders, Gold in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Due to the recent movements of gold and the creation of three-wave patterns, we were somewhat skeptical about the upward movement of gold.
On the other hand, for this upward movement, we need a very strong resistance, and it is possible to hit the orange trend line in the form of wave 2 to create a strong downward floor, and then start the ascent.
This descent will be confirmed if the floor of the previous canal floor is broken again towards the bottom.
We will examine Talaro in more than four hours.
🙏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!❤️
Due to the recent movements of gold and the creation of three-wave patterns, we were somewhat skeptical about the upward movement of gold.
On the other hand, for this upward movement, we need a very strong resistance, and it is possible to hit the orange trend line in the form of wave 2 to create a strong downward floor, and then start the ascent.
This descent will be confirmed if the floor of the previous canal floor is broken again towards the bottom.
We will examine Talaro in more than four hours.
🙏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!❤️