Gold Spot / U.S. Dollar
Long
Updated

Hellena | GOLD (4H): LONG to resistance area at 2955 (Wave 3).

1 701
As in the last forecast - I insist that the five-wave movement is not over yet. Therefore, I believe that the price will reach at least the resistance area at 2955.837.
The correction wave “2” is either already completed or will be completed soon.

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Trade active
It is quite possible that the price will not update the local minimum of 2880 level and will continue the upward movement.
In this regard, I believe that wave “2” has already been completed.
Trade closed: target reached
Dear colleagues, the price has almost reached the target and I advise you to close some positions or should set trades to breakeven. (Breakeven=Risk Free: Move Stop loss to the entry level).

I believe that the price will continue the upward movement, so I expect the impulse to be completed.

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