Hellena | GOLD (4H): Short to 38.2% Fibo lvl 2100.

7 Mar 2024

Dear Colleagues, Recent events have affected the price and gold was breaking records, but I was waiting for an opportunity to profit from the correction. I still suppose we can do it, because I saw a big wave 1, which means I expect a big correction to the 38.2% Fibonacci 2100 level area.
Before this move, a high update to the 2175 resistance area is possible.

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

8 Mar 2024

Catatan

Dear Colleagues, I still expect the price to test the 2175-2180 resistance area, after which I expect a decline in the wave 2 correction. But in any case, all my thoughts are on short positions.

10 Mar 2024

Catatan

Dear Colleagues, price is testing the resistance area of 2175, but in the coming week I assume that price may update the high of wave 1. I do not suppose that a new high will mean that the forecast will be canceled. I am still optimistic that the price will start a corrective movement in wave 2.

12 Mar 2024

Catatan

Dear colleagues, as I expected, the price is testing the resistance area. It is possible that the price will reach the level of 2200 by updating the wave. But I still believe that the price will go for correction to the 2100 area.

17 Mar 2024

Catatan

The situation in the markets is quite complicated, but my opinion has not changed. I suppose that the price is going for correction, but probably up to 2120-2130 at least. At these levels I will close some positions and set trades to breakeven.
Perhaps at the beginning of the week the price will rise a little before the correction continues.

19 Mar 2024

Catatan

Dear Colleagues, the price is slowly descending towards the target. I expect that the price will go more active and will update the local low of 2146.
At this point I recommend to set trades to breakeven!