Hellena | GOLD (4H): LONG - resistance area 3000.

6 giorni fa

Dear colleagues, I believe that the price will still continue the upward movement and there are a couple of reasons for that.
First, the price has not completed the five-wave movement.
Secondly, 3000 is a psychological level, which is not far away and I believe that it will be reached.

Therefore, I assume a small correction, but then I expect an upward movement to the resistance area of 3000.

5 giorni fa

Trade attivo

Colleagues, price has broken through the 2917 area, but not by much. This is good, because now I think it is worth looking at long positions. I believe that now the upward movement to the target of 3000 will start.

4 giorni fa

Nota

It seems that the bulls have not yet gained enough strength to update the maximum, and the bears are actively trying to lower the price. But I still think that it is too early for a big correction or price reversal. Even if the price goes a bit below 2889, the most important thing is not to update 2865, as it is the level of the low of wave 4.