Short

Hellena | GOLD (4H): Short to support area of 2153.085.

Updated

Dear Colleagues, I assume that the price is in the ending diagonal. This means that the price will update the maximum a little more, after which I expect the price to decline to the support area of 2153.085.
I expect the 5 wave structure to complete the formation.
Watch for updates of the idea, the price may start moving towards the target, so I do not recommend to consider long positions.

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

Note

Colleagues, in the coming week I expect the price to start wave 4, after its completion we will make further decisions.

Note

Colleagues, I suppose that the price has completed wave 3. At the moment I expect wave 4 with a target of 2210. Because wave 3 went a bit further than I expected, it may mean that wave 5 will be higher. Be careful!

Hellena_Trade

✅ Free TELEGRAM channel: t.me/HellenaSignals
🌅 INSTAGRAM: instagram.com/hellena_trader

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.