Hellena | GOLD: Short from resistance, update low.
Updated
The market has its own corrections, but that doesn't cancel our main plan! A false breakout of the triangle is possible, followed by a minimum update in the area of 1920. In this area, you should look for an entry into a long position with a target of reaching the area of 2040!
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!
Note
We have reached a level of resistance! Now, it is likely to see a decline with the aim of updating the minimum! On the daily timeframe, there was a strong bounce. This may indicate that we will update the maximum again, but not by much. Be careful!
Note
Soon, the price is expected to start moving towards a new low. It is predicted that the price will encounter the range of the 0.5 Fibonacci level and then go down.
Note
Dear colleagues, the target is still not reached, we are seeing strong corrections, but I am now only considering long positions from the updated minimum.
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