Hellena | GOLD (4H): Long to resistance area 2619.

16 sept.

Dear colleagues, I believe that the upward movement in the impulse of the five-wave structure has begun.
At the moment I believe that wave “1” has either completed or is being completed.
In the first case, I expect a corrective movement in wave “2”. Wave “2” is indicated by the 50% Fibonacci level. This is the area of 2533.
But the main direction is still upward. Therefore, the main target is the resistance area 2619.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

17 sept.

Transaction en cours

As I said earlier, the price is completing wave “1”. I hope that it is already completed and the price starts correction “2”.
Last day the price did not show strong activity and it may mean that the bulls need to gain strength.

18 sept.

Transaction en cours

The price is in the correction of the wave “2”. I believe that the level of 2540 will be reached, after which it is necessary to consider long positions.
Although we all know that gold can make a short correction and start moving to the target before the correction is completed. So be careful and watch the patterns.

19 sept.

Transaction en cours

Colleagues, Price is in the correction of wave “2”. The correction is a bit more complicated than I expected, but now I expect it to continue to the 2333 area. Maybe a little deeper than 2520.
But I don't recommend selling. I am looking at long positions!

20 sept.

Transaction en cours

Dear colleagues, I believe that the price will no longer make deep corrections and will reach the target, perhaps already today!
⚡️I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

23 sept.

Trade fermée: cible de profit atteinte

Well done!

24 sept.

Transaction en cours

I think the upward movement will continue. I'll make a new forecast.