Hellena | GOLD (4H): Short to 38.2%-50% Fibonacci lvl 1840.

Dear colleagues, I assume that the price will make a small correction to the 38.2%-50% Fibonacci level area of 1840. Once the target is reached, I will scrutinize the situation. It is quite possible that after that the price will renew the high of 1865. 1865 is the level of zeroing and in this case we will have to redraw the waves.

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Comment:

At the moment, price is slightly beyond the resistance area, but no more than is allowed. The price is strongly influenced by world news, but I still expect a corrective decline to the 1841 area.

Comment:

Dear colleagues, I believe that the price has risen very high, but the target is still in the area of 1841. After that I will revise the wave analysis.