Hellena | GOLD (4H): LONG to 161.8% Fibo lvl (2797.968).

24 Jan

This month it is extremely difficult to predict the movement of gold, because there are too strong processes in the world, which no one expects.
But I will always try and will not give up drawing waves, because it brings profit and valuable experience.
In this case, I see a continuation of the upward movement to the area of 161.8% Fibonacci extension level. This is the area of 2797.968.

Of course, I would like the price to first descend on the correction in wave “2” and reach the support area 2724, after which limit pending orders will be activated.

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

27 Jan

Dagangan aktif

Friends, the price tends to the area of 2724 and I think that it is worth to look at pending long limit orders already at the level of 2740. This should be an adequate correction, so I expect it to be completed.
But in general, if someone entered in a risky way, it is not a good option. The risk - profit ratio is not on our side and if one wants to take risks, it is better to enter a long position now.

28 Jan

Nota

Colleagues, the price has almost reached the support area and the end of wave “2”, but let's not forget that it is impossible to predict the price movement with accuracy, so keep in mind that the price may go a little lower, for example to the level of 2700, but in general I still stick to the forecast and plan for an upward movement.
Therefore, I am looking out for long positions.

29 Jan

Nota

Friends, it is quite possible that the price will reach the area of 2724 again, because the dollar is strengthening and it does not contradict my forecast. Therefore, as before, I recommend to work with pending limit orders. And if you have long positions open, just move them to breakeven.

30 Jan

Nota

As in the analysis with EURO I can say that we have a similar situation with gold.
I don't think that the bulls have gained enough strength and I think that a retest of 2724 level is still possible.
Therefore, I remind you that it is always more effective and reliable to divide your orders into smaller ones.
For example, to enter by pending orders with small lots, than to enter once and with a big lot.

31 Jan

Dagangan ditutup: sasaran tercapai

Well done!