Hello traders, Gold in 3-hour timeframe,In our analysis of the eight-hour time, the scenario was such that the waves were always moving upwards, and at the same time we said that neither our downtrend nor our uptrend scenario were confirmed.
From above we have a resistor for the harmonic pattern and a side for the triangle and from below the bottom of the orange channel, the breaking of each of which will determine the continuation of the movement.
The counting done in this time has been done in a corrective way and in the form of zigzag waves.
From this zigzag , the main a and b waves are over and now we are inside the c-wave . The confirmation of this wave was issued when the b-wave channel was broken and the process continued to the bottom of the next channel. It is over and now we are in the correction of wave 2, wave 2 is formed in a zigzag shape. This zigzag has formed its wave a and wave b. All these recent fluctuations are related to wave b according to our count and we still think we have an ascent for wave c.
Of course, this correction is very long compared to the previous wave, and if the ascent we are considering is not done in another 2 days, we should expect a decline.
Gold is unpredictable with these waves that it has formed, and waves b and c may already be formed, and if the bottom of the channel is broken, the possibility of climbing is completely eliminated.
🙏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!❤️
From above we have a resistor for the harmonic pattern and a side for the triangle and from below the bottom of the orange channel, the breaking of each of which will determine the continuation of the movement.
The counting done in this time has been done in a corrective way and in the form of zigzag waves.
From this zigzag , the main a and b waves are over and now we are inside the c-wave . The confirmation of this wave was issued when the b-wave channel was broken and the process continued to the bottom of the next channel. It is over and now we are in the correction of wave 2, wave 2 is formed in a zigzag shape. This zigzag has formed its wave a and wave b. All these recent fluctuations are related to wave b according to our count and we still think we have an ascent for wave c.
Of course, this correction is very long compared to the previous wave, and if the ascent we are considering is not done in another 2 days, we should expect a decline.
Gold is unpredictable with these waves that it has formed, and waves b and c may already be formed, and if the bottom of the channel is broken, the possibility of climbing is completely eliminated.
🙏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!❤️