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GOLD (XAUUSD) | The best area to fall📍
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 price of 1825 is actually the area to form the ab = cd pattern.
There is a strong possibility of decline in this area.
I think Wave 1 is over in this area and the correction will take the form of Wave 2.
The target for this wave will be Fibo 0.50 or a price between 1795 and 1800
In case of failure of the trend line, this correction will be confirmed.
And if the price of 1825 is broken, the next move will be 1830.
🙏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 price of 1825 is actually the area to form the ab = cd pattern.
There is a strong possibility of decline in this area.
I think Wave 1 is over in this area and the correction will take the form of Wave 2.
The target for this wave will be Fibo 0.50 or a price between 1795 and 1800
In case of failure of the trend line, this correction will be confirmed.
And if the price of 1825 is broken, the next move will be 1830.
🙏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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