Hellena | GOLD (4H): Long to the resistance area of 2418.70.

Dear Colleagues, I had to review the wave analysis and I believe that price has not yet updated the highs.
At the moment the price is in wave 1 of medium order. It is an impulse wave consisting of 5 waves. Possible correction to the area of 2348 then continuation of the upward movement to the resistance area of 2418.7 .

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

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Colleagues, Price has rapidly reached the 2348 support area and I am starting to look only at long positions. But you have to be careful because the price can still make a low again. Maybe the price will go to 2340. In any case, I am considering long positions.

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The price is in the support area of 2348 and here I am starting to look for long positions, but there is a possibility that the price will slightly break this area and reach the area of 2340-2335, which does not contradict my idea.
It was possible to take some positions at 2348 with smaller lots, or we could wait for a bigger decline and enter from a more profitable position.

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Well done! perfect workout by levels!

Hellena_Trade

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Hellena_Trade

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