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

Dear colleagues, I analyzed gold for a long time and realized that the price has updated wave 3. This means that I am waiting for a correction of wave 4, after which I assume that there will be an update of the low of wave 3.
At the moment I expect correction of wave 4 with the aim to reach the area of 38.2%-50% Fibonacci levels 1840.

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

Comment:

It is possible to update the low, but I am still considering long positions. Don't forget to put trades to breakeven.

Comment:

Dear colleagues, I believe that the price has updated the minimum of wave 3 and now I expect the formation of wave 4 and the achievement of goals!

Comment:

I strongly recommend to close some positions or move active ones to breakeven. The end of the week showed a good movement towards the target!

Comment:

I believe that the price will reach the target in the coming week. After that I will consider short positions with the aim to complete the 5 wave structure.

Trade closed: target reached:

Well done!