GOLD (XAUUSD) | Best point for sell🎯

1 окт. 2021 г.

Hello traders, GOLD in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Gold has almost completed its descending phase, as well as Wave 2 at higher times and finer structures with this wave.
And now it is in a position to form a very strong resistance level, and there should definitely be a short or long correction to break this level, and we think this correction should be in the form of wave 4 of wave 1 of wave 3 that we specified in the daily time.
In terms of time, this correction will probably have a long-term trend and these fluctuations will occur until around 1730 to 1745.
If the end of the previous wave is broken, the presence of a drop is still confirmed.
And if the canal roof is broken in the same area, we consider the target to be 1790.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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