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GOLD (XAUUSD) | The best place to buy gold🎯
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.
The purpose of this analysis is to provide you with an overview of the direction of price movement.
In this analysis, we examined wave 4.
Given the strong rise in gold last week, I think gold has started its upward trend.
As you can see in the chart, I considered wave 4 to be a triangle (disciplinary triangle) that we are now inside of wave d.
I think the d-wave will form a flat, a flat whose c-wave is forming.
Given the rise in the price of gold last week, this week I expect a good price correction (pullback on the blue channel) and after this correction the price of gold will continue to rise.
🙏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!❤️
The purpose of this analysis is to provide you with an overview of the direction of price movement.
In this analysis, we examined wave 4.
Given the strong rise in gold last week, I think gold has started its upward trend.
As you can see in the chart, I considered wave 4 to be a triangle (disciplinary triangle) that we are now inside of wave d.
I think the d-wave will form a flat, a flat whose c-wave is forming.
Given the rise in the price of gold last week, this week I expect a good price correction (pullback on the blue channel) and after this correction the price of gold will continue to rise.
🙏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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