Long

Hellena | GOLD (4H): Long to 2484 area (Wave "3").

Updated

Dear Colleagues, in the last forecast I expected wave "C" to be lower, but now it is obvious that this wave is already completed at the level of 2355 and the price has started an impulsive upward movement.
I expect the price to reach at least the 2484 area.

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

Note

Colleagues, after yesterday's strong move I realized that wave "2" has traveled a much greater distance than I thought, but that doesn't disrupt our plans. At this point, I expect the upward movement to continue towards the targets.

Note

Also please note that wave "3" is usually the longest, but in our case it is possible to form an ending diagonal.
All these factors indicate that the price will still update the highs.

Note

Similarly with EUR I believe that the upward movement is not over. Small wave "2" is ending and I expect wave "3", then completion of the five-wave impulse and reaching the target.

Note

Based on the latest data, we can say that the bears are in no hurry to take the upper hand, but the bulls are also standing still. The only important news on the economic calendar today is the number of initial jobless claims in the US.
Therefore, I expect the price will still start to move up, but the chances of that are starting to fade, especially if the low of 2364 is updated. This will break the whole wave system and will have to be analyzed again.

Trade active

Colleagues, I expect that the price will still continue the upward movement. At least I expect the level of 2450. At this level I strongly recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).

Gold can behave unpredictably now, be careful!

Trade closed: target reached

Colleagues! The price has reached the level of 2477. Of course, you can continue to wait for a confident achievement of the 2484 area, but I recommend to close some positions, because a small correction is possible and if you want to earn more, you can wait for it. But I believe that the targets are almost accomplished!

Trade closed: target reached

Dear colleagues, I believe that there is a high probability of correction, so I consider the forecast completed. Our goal is to maximize profits with minimal risks!

Hellena_Trade

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