Gold Spot / U.S. Dollar
Long
Updated

Hellena | GOLD (4H): LONG to resistance area 3100.

1 455
Wave “3” is still continuing its progression. This means that the five-wave impulse is not over yet and we expect the upward movement to continue.
Of course I would like to see wave “4” as a corrective wave in the area of 3024 level, then I expect an upward movement to the area of 3100 level. This level is also considered to be quite strong, from which there could be a correction.

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Colleagues, the price has reached the 3024 area and formed a Pin-Bar pattern. This is a very good pattern, so I think we can consider long positions.

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