Hellena | GOLD (1H): Long to resistance area of 2062.47.
Dear colleagues, I suppose that the price has not formed wave c in the corrective movement. Therefore, I suppose that the price will either continue its formation or will reach 50% Fibonacci level, form a full-fledged wave b and then start an upward movement. Wave c should be higher than wave a, but we will set the nearest target at the resistance area of 2062.47.
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!
Comentarios:
The price is within the forecast. At the moment the price is working out a small correction, after which I expect the resumption of upward movement in the formation of wave c.