To analyze the chart of gold, it is better to start from the weekly time frame so that you can have a better view of the 🗺️Gold road map🗺️, so I suggest you pay attention to the chart below for a few seconds.👇
Now let's go to the Gold 8-hour time frame that I shared with you a few days ago; Gold ran through the zigzag(ABC) corrective structure as I expected.👇
Now, to make sure that the zigzag correction is complete, we go to the 1-hour time frame; as you can see in the chart of this post, microwave 5 of microwave C of the main wave 4 in PRZ seems to have been completed.
To ensure the end of the main wave 4, it is better to wait for the downtrend line to be broken in a valid way.
Gold Analyze ( XAUUSD ), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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