Hellena | GOLD (1H): Long to resistance area of 2062.47.

Dear colleagues, I suppose that the price has not formed wave c in the corrective movement. Therefore, I suppose that the price will either continue its formation or will reach 50% Fibonacci level, form a full-fledged wave b and then start an upward movement. Wave c should be higher than wave a, but we will set the nearest target at the resistance area of 2062.47.

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Comment:

The price is within the forecast. At the moment the price is working out a small correction, after which I expect the resumption of upward movement in the formation of wave c.