Hellena | GOLD (4H): Long to resistance area of 2711.

vor 5 Tagen

Dear colleagues, the price continues its upward movement and it means that wave “C” is definitely formed.
I believe that the price is forming a five-wave movement and we have 2 options for the development of events
1) Wave “1” is not formed yet and will continue the upward movement - this is a more risky entry into a long position.
2) Wave “1” is formed and I expect a correction in wave “2” to the area of 38.2-50% Fibo lvl (2605.5) and then an upward movement to the resistance area 2711.

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vor 4 Tagen

Anmerkung

Well... Wave “1” keeps updating the maximum, and I'm not getting the correction I want).
Still, I believe that the correction in wave 2 should start today.

vorgestern

Trade ist aktiv

This is a rather interesting situation where the target seems to be reached, but I still expect a big correction, so I prefer to keep this forecast active for now, but positions will be opened only when the 2625 level area is reached.

vor 19 Stunden

Anmerkung

The price has reached the 2605 support area (38.2-50% Fibonacci level).
This means that now I will consider only long positions again. My plan is to reach the resistance area 2711 again.