Hello traders, Gold is in a critical position, wave 4 with a strong downtrend yesterday was between Fibonacci 0.618 and 0.78, in this analysis we examine where is the last point to decline, where is the best point returned, and in what case this Field analysis.
At present, Wave 3 and Wave 4 form the harmonic pattern of the bat, with a turning point of Fibo 0.88.
If the price breaks the resistance area of 1800, it will enter the territory of wave 1 and we will have to wait there for the diagonal triangle, in which case the return point will be Fibo 0.88.
How this analysis was fielded: If the resistance I marked with the warning sign, ie the end of wave 2, is broken, this analysis will be completely fielded.
The best point for the return of 1798 cores is because the C-wave from 4 minutes on this point is located on Fibo 1.618 and is also the intersection of two trend lines .
❤️Please, support this idea with a like and comment!❤️
At present, Wave 3 and Wave 4 form the harmonic pattern of the bat, with a turning point of Fibo 0.88.
If the price breaks the resistance area of 1800, it will enter the territory of wave 1 and we will have to wait there for the diagonal triangle, in which case the return point will be Fibo 0.88.
How this analysis was fielded: If the resistance I marked with the warning sign, ie the end of wave 2, is broken, this analysis will be completely fielded.
The best point for the return of 1798 cores is because the C-wave from 4 minutes on this point is located on Fibo 1.618 and is also the intersection of two trend lines .
❤️Please, support this idea with a like and comment!❤️