Gold Spot / U.S. Dollar
Long
Updated

Hellena | GOLD (4H): LONG to 161.8% Fibo lvl area at 3038.

1 017
Dear colleagues, I believe that the upward movement is not over yet. The bulls have gained strength and the upward five-wave movement is not over yet!
I expect that the wave “3” of senior and middle order is not yet complete. Possible correction to the area of 2955.837, then I expect an upward movement to the area of 161.8% Fibonacci extension 3038.730.
As usual - the upward movement is in priority, so I do not recommend short positions, but I recommend long limit pending orders.

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Well, it looks like wave “4” was so short that we didn't notice it (2978.626) or the price continues to form wave “3”. Either way, I recommend long positions.
Trade closed: target reached
Well done!
snapshot

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