Hellena | GOLD (4H): Long to resistance area 2064.

4 Feb 2024

Dear Colleagues, I suppose the wave is in a triangle and is currently forming the last wave 5, which I expect in the area of 2019. Then I assume the revival of the upward movement with the aim to reach at least the resistance area 2064.

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

6 Feb 2024

Catatan

The price tested the support area and reached the 2015 level. This is a bit deeper than I expected, so despite the fact that I expect an upward movement, I will move long positions to breakeven and watch the price in the area of the level 2040. A reversal is possible.

8 Feb 2024

Catatan

Dear colleagues, at the moment the situation is quite complicated. The price has gone halfway, but there is a high probability of a reversal. The dangerous area is 2044. Well, I recommend to close some positions to reduce risks. But in general, the forecast is still active!

9 Feb 2024

Catatan

Dear colleagues, the price tested the 2019 support area again, then made an upward movement. Notice how clearly price touched the uptrend line.
I suppose this is another opportunity to get into long positions. My target is still in the resistance area of 2064.

11 Feb 2024

Catatan

Dear Colleagues, the price is still testing the uptrend line. This may mean that the price is set to break it, but for now the forecast is valid and I think that the price will make another attempt to resume the upward movement to the target of 2064.
In any case, I strongly recommend to reduce risks and move trades to breakeven.

13 Feb 2024

Catatan

The price has formed a "Pin-Bar" pattern and this is the last chance to start an upward movement. The important level is 2012.496. If the price overcomes it, I am afraid to cancel the forecast. At the moment the price is within the forecast. I suggest to wait for price reaction, then make decisions on market entry.