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!
עסקה פעילה
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.
הערה
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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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
✅ 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
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.