GOLD (XAUUSD) | The best area to start a new trend🚀
Hello traders, Gold in 1 hour time frame, in the previous analysis, we said that if gold breaks its channel, it will move towards the bottom of the triangle and it will move.
If gold breaks the bottom of the channel (blue), the yellow support and the bottom of the triangle, the triangle analysis is rejected and the same zigzag as mentioned in the previous analyzes is raised again.
In this analysis, gold first moves to the 1786 area and then to 1782, and we expect a strong return in that area.
If gold breaks the 1782 area completely, higher time analysis should be used to determine the best return point, and if the 1782-1775 area breaks, the original form of the counting wave will not change and will only change if the last floor price changes. Break its own price, the end of wave 1.
The best position to sell after a break is support.
🙏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!❤️
If gold breaks the bottom of the channel (blue), the yellow support and the bottom of the triangle, the triangle analysis is rejected and the same zigzag as mentioned in the previous analyzes is raised again.
In this analysis, gold first moves to the 1786 area and then to 1782, and we expect a strong return in that area.
If gold breaks the 1782 area completely, higher time analysis should be used to determine the best return point, and if the 1782-1775 area breaks, the original form of the counting wave will not change and will only change if the last floor price changes. Break its own price, the end of wave 1.
The best position to sell after a break is support.
🙏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!❤️