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 ๐บ๏ธGold road map๐บ๏ธ, so I suggest you pay attention to the chart below for a few seconds.๐
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.๐
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 โฐ.
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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