Hellena | GOLD (4H): Long to area of 2726.976.
Mis à jour
Friends, it's been pretty hard lately to draw waves on a gold chart and I realize that not everyone likes it, but I'm trying to be objective.
The downtrend has not been confirmed and at this point it means that a five-wave upward movement is expected to complete.
I expect that the correction will be completed in the middle-order wave “2” (2640 area), then we will see the beginning of the wave “3”.
But it is also possible that wave “1” will continue and then the correction will be a little later - this is a risky entry.
In both cases I expect to reach the area of 2726.976.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The downtrend has not been confirmed and at this point it means that a five-wave upward movement is expected to complete.
I expect that the correction will be completed in the middle-order wave “2” (2640 area), then we will see the beginning of the wave “3”.
But it is also possible that wave “1” will continue and then the correction will be a little later - this is a risky entry.
In both cases I expect to reach the area of 2726.976.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Transaction en cours
Colleagues, the price has updated the maximum of the wave “1” of the middle order and I think that the price will still go according to the scenario of the continuation of the wave “1”. That is, the price will first reach 2726.976, and then it will start the correction.
Trade fermée: cible de profit atteinte
As I expected the price has updated the maximum of wave 3 without making a correction and it means that wave “1” has continued. This means that the correction of wave “2” will be a little later and a little bigger.
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