Hellena | GOLD (4H): Short to support area of 2100.

Short

Or / Dollar Américain (OANDA:XAUUSD)

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OANDA:XAUUSD Or / Dollar Américain

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Dear Colleagues, the price is showing a strong upward movement and I saw a five-wave structure. Now wave 3 is coming to an end and I expect a correction in the form of wave 4. I expect the price to reach at least the support area of 2100.

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Commentaire:

I suppose that the price has completed the ascending wave 3 and I expect a correction in wave 4. At the moment the price has formed a "Pin-Bar" pattern, which reinforces my forecast.

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