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Hellena | GOLD (4H): Short to 100% Fibo lvl 2331,559 (Wave "C").
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Dear Colleagues, I believe that gold will start an upward movement, but first we need to complete wave “C” in a major correction.
For this, the price needs to reach the area of 100% Fibonacci extension level (2331,559).
A small correction to the 2420 area is possible first. The bears have not lost their strength yet.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
For this, the price needs to reach the area of 100% Fibonacci extension level (2331,559).
A small correction to the 2420 area is possible first. The bears have not lost their strength yet.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Nota
It is possible that the local high of 2403 will not be updated. This means that the price will continue the downward movement. I expect the scenario to be completed this week!Nota
The price still reached the area of 2421 and I hope that the maximum of wave “B” will not be updated. Therefore, I expect the price to start declining already this week.
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