Hellena | GOLD (1H): Short to support area of 2056 (correction).

Dear colleagues, I suppose that we are in for a strong decline! But it will not be easy to catch the end of wave 5. I suppose that wave 5 may continue its ascent to the resistance area of 2099. Somewhere in the range near this level we should enter a short position because the five-wave structure is coming to an end and the price will enter a deep correction. If you prefer aggressive trading, you can enter the trade earlier. But the main target is in the support area of 2056.

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

Trade closed: target reached:

Well done!