GOLD (XAUUSD) | Probability of the last climb🔥
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.
The structure of gold is such that it cannot be accurately counted.
If this wave is a correction wave, ie wave b , the last resistance that will be ahead will be Fibonacci 1.38 and to Fibonacci 1.618, and the confirmation of the decline for wave c will be the failure of the black channel floor.
Gold movements are in the form of patterns ab = cd both in terms of time and price
We will expect another climb to complete these moves.
If the bottom of the orange channel is broken, the descent is confirmed.
🙏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 structure of gold is such that it cannot be accurately counted.
If this wave is a correction wave, ie wave b , the last resistance that will be ahead will be Fibonacci 1.38 and to Fibonacci 1.618, and the confirmation of the decline for wave c will be the failure of the black channel floor.
Gold movements are in the form of patterns ab = cd both in terms of time and price
We will expect another climb to complete these moves.
If the bottom of the orange channel is broken, the descent is confirmed.
🙏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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