Colleagues, in the last forecast I made a markup of corrective movement (ABC), but the price broke important resistance levels and it means that the price is still in the impulse, namely in the wave “5” of higher order and wave “3” of medium order.
I believe that soon we will see a correction in wave “4”, then an upward movement to the resistance area of 4382.
The correction in wave “4” may reach the support area of 4075, but I still recommend to work with pending orders and look out for long positions.
Fundamental context
The gold market continues to benefit from favourable conditions: demand for safe-haven assets is increasing amid global uncertainty and a weaker US dollar. At the same time, central banks’ purchases of gold remain at record highs, providing a strong structural base for further upside. Despite the recent pullback, the key drivers — low real interest rates and reserve-diversification efforts — remain intact.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I believe that soon we will see a correction in wave “4”, then an upward movement to the resistance area of 4382.
The correction in wave “4” may reach the support area of 4075, but I still recommend to work with pending orders and look out for long positions.
Fundamental context
The gold market continues to benefit from favourable conditions: demand for safe-haven assets is increasing amid global uncertainty and a weaker US dollar. At the same time, central banks’ purchases of gold remain at record highs, providing a strong structural base for further upside. Despite the recent pullback, the key drivers — low real interest rates and reserve-diversification efforts — remain intact.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade ist aktiv
The price has reached the support area and I think that the correction “4” has either ended or will end very soon. I think it is necessary to take a closer look at long positions.
Anmerkung
Colleagues, I know you have a lot of questions about overcoming the cost of the support area. But I've always said that it's just an area, so there can be errors.
At this point, I expect the upward movement to resume despite the fact that there are some changes in the wave pattern for waves “12345”, where wave “4” has gone a bit further than expected.
If the price updates the local low of 3925 - the forecast will be canceled or revised.
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✅ Free TELEGRAM channel: t.me/HellenaSignals
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🟢 Contact: t.me/Hellena_FX
🌅 INSTAGRAM: instagram.com/hellena_trader
🟢 Contact: t.me/Hellena_FX
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.