Hello traders, Gold
in 1 hour time frame, considering that in the daily time, the leading waves 1 and 2 have completed themselves, now we are in wave 3. The main wave 3 has completed its waves 1, 2 and 3, and waves 4 and 5 have become channels. And in terms of temporal analysis, wave 3 is equal to wave 2, and also the trend line
is broken, and the farther from this trend line
, the more likely it is to climb, and then we expect the formation of wave 5 from the main wave 3. If the dollar index
breaks the trend line
, wave 4 will increase its probability of rising.
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