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!

Comment:

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.

Comment:

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).

Comment:

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.

Comment:

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.

Comment:

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).