Hellena | GOLD (1H): Long to resistance area at 2058.201.
Dear colleagues, after such a strong upward movement we saw an equally strong downward bounce. At the moment I believe that there are still some untouched sell orders slightly higher. I believe that the price will reach the resistance area at 2058.201. After that I will continue drawing Elliott waves.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Comment:
I continue to believe that a corrective move will take place. I consider only long positions to the target of 2058. It is possible to update the low, be ready for it.
Comment:
Dear colleagues, gold is showing an upward trend. At the moment I see a great potential in correction to our target area. This is evidenced by the increasing share of buyers in the market. I am considering only long positions.
Comment:
Gold is still reeling from strong price spikes. At the moment I believe that the price will not reach the target by the end of the week, but if a strong upward movement starts - don't forget to put your trades to breakeven.