Hello traders, Gold in 4-hour timeframe, this analysis is prepared in 4-hour timeframe, but has been published for a better view in 8-hour timeframe.
Our view of gold is still a continuation of the uptrend.
Gold from wave 3 has formed waves 1 and 2 and is now forming fine waves of wave 3 from wave 3, considering that the trend has crossed the middle line of the orange channel and reached the price of 1830 and will expect correction and start of the ascending phase twice.
For this correction, we first expect the channel midline to break.
And if this line is not broken downwards, a sideways state will be formed in this range and then we will have the ascent to 1875.
We do not have a field point at the moment, but we will definitely mention it in the next four hours analysis.
🙏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!❤️
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