Hellena | GOLD: Short from resistance, update low.

The market has its own corrections, but that doesn't cancel our main plan! A false breakout of the triangle is possible, followed by a minimum update in the area of 1920. In this area, you should look for an entry into a long position with a target of reaching the area of 2040!

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

Comment:

We have reached a level of resistance! Now, it is likely to see a decline with the aim of updating the minimum!
On the daily timeframe, there was a strong bounce. This may indicate that we will update the maximum again, but not by much. Be careful!

Comment:

Soon, the price is expected to start moving towards a new low. It is predicted that the price will encounter the range of the 0.5 Fibonacci level and then go down.

Comment:

Dear colleagues, the target is still not reached, we are seeing strong corrections, but I am now only considering long positions from the updated minimum.