GOLD (XAUUSD) | The best area for correction♻️
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.
Gold has long been in a position to create a number of counting possibilities for Elliott's work, a count that we may consider may not be structurally and legally sound, and we have no claim in the future.
Based on the general phase count, wave 4 is leading and from this leading trend, wave 4 is being formed, and this wave 4 will be in the form of an interdisciplinary triangle, which forms its waves a, b and c, and now we are inside wave d.
From wave d, wave a and b are formed and now we are inside wave c of d.
Which will be in the form of five waves.
Of these 5 waves, waves 1 and 2 are formed, and wave 3 seems to have ended with a powerful step towards 2060, and it has also filled its Fibonacci ratio in approximately maximum conditions.
We are now inside wave 4 of c from d, and we think that this wave in the form of a zigzag, of course, can end in its first motion, this zigzag for wave a may make another descent beyond the previous floor and then wave b and then wave c is formed.
This state and this count is stable as long as the Fibonacci range 0.618 to Fibonacci 0.78 is not broken down.
🙏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 has long been in a position to create a number of counting possibilities for Elliott's work, a count that we may consider may not be structurally and legally sound, and we have no claim in the future.
Based on the general phase count, wave 4 is leading and from this leading trend, wave 4 is being formed, and this wave 4 will be in the form of an interdisciplinary triangle, which forms its waves a, b and c, and now we are inside wave d.
From wave d, wave a and b are formed and now we are inside wave c of d.
Which will be in the form of five waves.
Of these 5 waves, waves 1 and 2 are formed, and wave 3 seems to have ended with a powerful step towards 2060, and it has also filled its Fibonacci ratio in approximately maximum conditions.
We are now inside wave 4 of c from d, and we think that this wave in the form of a zigzag, of course, can end in its first motion, this zigzag for wave a may make another descent beyond the previous floor and then wave b and then wave c is formed.
This state and this count is stable as long as the Fibonacci range 0.618 to Fibonacci 0.78 is not broken down.
🙏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!❤️
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.