Hello traders, GOLD in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
In the previous analysis, we considered the whole side trend as wave b.
And confirmation of this wave count is the failure of the Chinese line that we put in the previous analysis.
But this dotted line is relatively broken and the downward trend has also created the formation of a c-wave of 2.
It is better not to enter the tuberculosis position until the purple circle is broken downwards.
🙏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!❤️
In the previous analysis, we considered the whole side trend as wave b.
And confirmation of this wave count is the failure of the Chinese line that we put in the previous analysis.
But this dotted line is relatively broken and the downward trend has also created the formation of a c-wave of 2.
It is better not to enter the tuberculosis position until the purple circle is broken downwards.
🙏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!❤️