Ronymontana

“It was a correction with clear wave labeling, so I checked the supply and demand zones. The market is volatile, and I accept the fluctuations while waiting for the upcoming patterns so I can catch them. The gold market is suited for Elliott Wave analysts with a comprehensive knowledge of supply and demand zones, so be cautious.”

I didn't know why gold doesn't respect fundamental analysis, I didn't know who the big boys are in the gold markets.GOLD!! friends is a supply and demand market and wave analystsUse only supply and demand zones with waves.

The first Zigzag correction targeted 2540. The second correction was expanded, and we clearly see the BCD candle (Sell-side Liquidity) strike. The second possibility is a decline if we calculate wave C of the expanded correction as an impulse wave 1, followed by a correction of wave 2, then wave 3, which could drop to 2460. The reason is that the expanded pattern could act as both a continuation or a reversal signal simultaneously.

l selling Gold at POI . because the market structure remains at four hours Bearish

Gold hit Extension 261.80% From Corection . It is better to take confirmation from the formation of bullish waves or a break in the market structure

Gold is influenced by various types of analysis, 1.including structural analysis, 2. wave analysis, 2. and fundamental analysis. However, integrating these three methods simultaneously can be challenging and overwhelming. Many traders find wave analysis particularly complex, while structural analysis often fails to clearly identify hidden supply and demand zones. I am here to assist you in understanding the dynamics of gold trading.