GOLD (XAUUSD) | Best point for trade🎯

2021年11月1日

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.
In general, the tide of gold is still vague and uncountable.
And only a few movement probabilities and a few ranges can be considered.
If you look at our team's countdown in daily time, you will notice that we are within the motivational wave for wave c .
From this wave c wave 1 is formed and now we are inside wave 3.
Wave 3 is probably forming its own microwave 1, and wave 2 is forming.
We have been considering wave 2 as a flat for a long time, and now wave c has started its decline, and we assume that this decline will continue until Fibo 0.618, and if this area fails, it will continue until 1702, of course in the scenario. And another wave.
We also considered wave 2 as a triangle. Of course, considering wave 2 as a triangle has no Elliott rules, but considering the gold situation, this move is also acceptable.
🙏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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