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.
Gold is probably fully formed in the 1-hour timeframe of Wave (1) and Wave (2), and now Wave 3 microwaves are forming.
In microwave 1 of wave 3, this wave is formed in the form of a leading triangle, and in this leading triangle, waves 1, 2, 3, and 4 are fully formed, and now we expect wave 5 to move to the price of 1834 by breaking the red circles. Breaking this area will move to Fibonacci 1.00 and then have a correction for wave 2.
If the bottom of the triangle is broken, this analysis is fielded.
🙏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!❤️
Gold is probably fully formed in the 1-hour timeframe of Wave (1) and Wave (2), and now Wave 3 microwaves are forming.
In microwave 1 of wave 3, this wave is formed in the form of a leading triangle, and in this leading triangle, waves 1, 2, 3, and 4 are fully formed, and now we expect wave 5 to move to the price of 1834 by breaking the red circles. Breaking this area will move to Fibonacci 1.00 and then have a correction for wave 2.
If the bottom of the triangle is broken, this analysis is fielded.
🙏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!❤️