GOLD (XAUUSD) | The best point to correct the price of gold🎯
Hello traders, Gold in 30 minutes time, this analysis was done in 30 minutes time frame but is displayed in 1 hour time frame for better visibility.
As you can see in the chart, wave 4 can also be flat, with wave B reacting in Fibo 1.27, so it is probably wave 4, wave C of this flat is expected to react to the bottom of the channel, which can be flat, but if it breaks. The canal becomes an irregular flat that will grow to 1800-1796 and even more.
But in case of support of 1755 support, the triangle pattern for wave 4 is confirmed, in general, we expect the price to rise to the area of 1770, and if the support of 1755 is completely broken, the buy position is not recommended at all.
Friends, if you are interested in putting a signal at the bottom of each analysis, write in the comments ✍🏻
❤️Please, support this idea with a like and comment!❤️
As you can see in the chart, wave 4 can also be flat, with wave B reacting in Fibo 1.27, so it is probably wave 4, wave C of this flat is expected to react to the bottom of the channel, which can be flat, but if it breaks. The canal becomes an irregular flat that will grow to 1800-1796 and even more.
But in case of support of 1755 support, the triangle pattern for wave 4 is confirmed, in general, we expect the price to rise to the area of 1770, and if the support of 1755 is completely broken, the buy position is not recommended at all.
Friends, if you are interested in putting a signal at the bottom of each analysis, write in the comments ✍🏻
❤️Please, support this idea with a like and comment!❤️