Hellena | GOLD (4H): LONG to 5300 area (Wave 3).

5 days ago

Colleagues, the price has shown a positive upward trend, and I believe that wave “1” is either complete and wave ‘2’ correction will begin, or wave “1” will be extended.
In any case, I expect the price to reach 5300 as the nearest target. This movement after the correction will confirm the structure.
A correction in wave “2” should be expected in the range of 38.2% - 50% Fibonacci levels at 4800.

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4 days ago

Trade active

The price is falling towards the support zone, and I expect it to reach the 4700 level before the upward movement begins.
Confirmation is needed, but I recommend keeping an eye on long positions.

16 hours ago

Note

It is now important for the price to renew the maximum level of wave “1” at 5091, and then we can expect the upward movement to continue with greater confidence.
I think that by the middle of this week, we will see the price sentiment for further movement.