Hellena | GOLD (4H): LONG to 4788 area (update).
Colleagues, I would like to update the current forecast, as the price has remained within the parameters of the previous scenario for quite some time, and the conditions regarding the primary wave structure have not yet changed.
The price is still within an uptrend wave pattern. In my opinion, the market is currently continuing to work through a corrective move in Wave 2. The correction began a little earlier than I expected, but the structure itself remains valid.
I expect the decline to continue toward the 4384–4200 range, where wave “2” may end. After that, I anticipate a resumption of the upward movement within wave “3.”
At the same time, it is important to consider an alternative scenario: if support holds above this level, the price may already be at the beginning of wave “3” and continue to rise without fully reaching the 4300 area.
Regarding targets, the situation remains cautious. From a structural standpoint, it is logical to expect a move at least to the high of wave “1” around 4891; however, I prefer a more conservative scenario and will mark the target area at 4788 for now.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The price is still within an uptrend wave pattern. In my opinion, the market is currently continuing to work through a corrective move in Wave 2. The correction began a little earlier than I expected, but the structure itself remains valid.
I expect the decline to continue toward the 4384–4200 range, where wave “2” may end. After that, I anticipate a resumption of the upward movement within wave “3.”
At the same time, it is important to consider an alternative scenario: if support holds above this level, the price may already be at the beginning of wave “3” and continue to rise without fully reaching the 4300 area.
Regarding targets, the situation remains cautious. From a structural standpoint, it is logical to expect a move at least to the high of wave “1” around 4891; however, I prefer a more conservative scenario and will mark the target area at 4788 for now.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Operación activa
The price is moving steadily toward the target.I recommend to set trade to breakeven.
(Breakeven=Risk Free: Move Stop loss to the entry level).
Operación cerrada: objetivo alcanzado
Well done!
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🟢 Contact: t.me/Hellena_FX
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✅ Free TELEGRAM channel: t.me/HellenaSignals
🌅 INSTAGRAM: instagram.com/hellena_trader
🟢 Contact: t.me/Hellena_FX
🌅 INSTAGRAM: instagram.com/hellena_trader
🟢 Contact: t.me/Hellena_FX
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.