mahdisoltaninjad

GOLD (XAUUSD) | Possibility of a strong fall for gold⚠️

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello traders, Gold in 1 hour time, according to the pattern of the flag formed in the 4 hour time frame, there is a possibility of a price drop to 1700. According to this pattern, I changed the wave count so that waves 1, 2 and 3 are finished in channel form and now inside wave 4. Yes, wave 4 is most likely to hit the bottom of the channel and wave 5 to rise, but if the specified Fibos climb, there are very good resistances for the price to return.
Also, these waves are almost equal to wave 2 in terms of time, but the principle of periodicity is observed due to the sharpness of wave 2, while wave 4 was suffering and neutral.
Friends, if you are interested in putting a signal at the bottom of each analysis, write in the comments ✍🏻
❤️Please, support this idea with a like and comment!❤️

Comments

Great analysis
Thank you
Reply
mahdisoltaninjad riksimplify
@riksimplify, thank you for your comment🌹
Reply