Hellena | GOLD (4H): Long to resistance area of 2358.71.

Dear Colleagues, I suppose that the wave "4" of the higher order is completing its movement. I expect a possible update of the minimum and reaching the area of 2281.89 or the beginning of the upward movement to the resistance area of 2358.71.

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

Bình luận:

Dear colleagues, as long as the level of 2331 is not updated, there is a probability of an update of wave “c” (2281). Now I expect a small correction and hope that the update of the low will not take place.

Bình luận:

Colleagues, the price has almost reached the target range, but I assume a small correction to the area of 2320, then the continuation of the upward movement.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Bình luận:

Dear colleagues, I believe that in the coming week the price will confidently come to the target of 2358.71. The idea is relevant. Perhaps there will be a small correction, but all my thoughts are only about long positions.

Bình luận:

Colleagues, the price has updated the local low of 2320. This means that the wave “2” of the lower order has updated the low. I believe that the upward movement is still in the plan, and I believe that this is another opportunity to enter long positions.

Bình luận:

Dear colleagues, the price has again touched the support area at 2281.896. At the moment I expect the upward movement to continue.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Bình luận:

Colleagues, it is quite possible that the correction continues. If so, the price will fall even lower. But I always lead the forecast to the end. And despite the fact that the price has already reached the target - I hope that the upward movement will resume and the price will reach the target of 2358.71 again. In any case I insist that you respect the risks and always put SL.

Bình luận:

Gold is starting its upward movement again. The price has updated the local high of 2328.500 and this means that I again expect the scenario to be completed.
I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

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Well done!