Hellena | GOLD (4H): Long to resistance area of 2717.733.
Updated
Colleagues, the previous forecast is still active, but I decided to make a new one to show in more detail what exactly is going on.
I believe that the price is in a five-wave upward movement and now we are expecting a lower and middle-order wave “3”.
Therefore, I believe that the upward movement will continue and the price will reach the level of 2717.733.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I believe that the price is in a five-wave upward movement and now we are expecting a lower and middle-order wave “3”.
Therefore, I believe that the upward movement will continue and the price will reach the level of 2717.733.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
I hope that price will complete wave “2” this week, because a flat pattern has formed. But in any case, I still believe that the upward movement will resume soon. Trade active
Colleagues, Price is completing wave “2”, and I believe that now is the time to consider only long positions. The area of 2605 is an approximate area of long positions set by limit orders.
I expect the upward movement to continue.
Note
Dear colleagues, in the coming week I see a continuation of the upward movement.
The support area of 2605.5 has been reached and I do not exclude the possibility of testing it again, but in general all my thoughts are only about the upward movement.
The first thing to do is for the price to break the level of 2667, thus updating the maximum of wave “1”.
Note
Friends, the price went confidently in the direction of the target 2717. At the moment I expect a small correction and continuation of the upward movement.
Wave “2” of the middle order is already completed and after updating the level 2676 I should set trades to breakeven.
Note
Colleagues, price is almost there and I hope you should set trades to breakeven. (Breakeven=Risk Free: Move Stop loss to the entry level).
I believe that by the end of the week the price will work out the plan.
A slight correction is possible now.
Trade closed: target reached
Well done!
Note
Friends, I assume that the price will reach the target again after a small correction. I consider the level of 2660 as the lower level of correction.
The price gives us a chance to earn again on the upward movement.
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