Hellena_Trade

I see that price has shown a violent rise in a five-wave move and I have redrawn the waves a bit to make it clear where to expect a correction. I think we are currently seeing a correction in wave “4” (104,000). But most importantly, I expect an update of the high. Therefore, I believe that the level of 115,000 will be reached and it may be a wave “5”, after which we can expect a deeper correction.Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Colleagues, Last time, I suggested that the five-wave movement was not yet complete. It seems that this is indeed the case.Wave "5" of the higher degree is unfolding, and I expect the price to reach the resistance area around 3439.37, which marks the top of wave "X".Within the smaller five-wave structure, I believe wave "3" is currently in progress.A correction toward the 3248.38 area is possible.Manage your capital correctly and competently! Only enter trades based on reliable patterns!Colleagues, now the price is in an upward movement towards the target and I believe that when reaching the level of 3366 we should set trades to breakeven. There is a high probability that the correction is not over and the price will still reach the 3248 area. But at the moment I expect the upward movement to continue.Colleagues, just like the euro, the gold price has reached the support area at 3248.38 and I am now starting to look at long positions. Here we have completed the formation of the small wave “4” and this means that we need to work with pending limit orders.I expect that this week wave “3” will continue the upward movement and will update the level of 3360 - this will be a confirmation of the upward movement.

Dear colleagues, I still expect an upward movement, because I am sure that the five-wave movement is not over yet. The price has updated the 3202 level, which means that wave “4” is a combined correction (WXY) and it is just completing its movement. I expect the price to start an upward movement and reach at least the 3300 resistance area. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Well, it seems that wave “4” is still formed and entering a position on the market was more appropriate. at this point, the price reached the level of 3251. I believe that after a small correction the price will update this level. I recommend to set trade to breakeven.(Breakeven=Risk Free: Move Stop loss to the entry level).Well done!

Colleagues, I believe that the upward movement is not over yet, so I move wave “3” higher as prolonged. I believe that the price will reach a strong resistance level of 110,000.A small correction is possible, as usual.Manage your capital correctly and competently! Only enter trades based on reliable patterns!Colleagues, I believe that the price will continue the upward movement to the target. At the moment I expect a small correction, then an update of the 107.08 level.I have a suspicion that wave "3" is not yet complete. I recommend to set trade to breakeven.(Breakeven=Risk Free: Move Stop loss to the entry level).Well done!

The design of the previous idea had an error in the table of contents and I decided to make a new one. The price has reached the support area 3240 and at the moment I expect the price to start an upward movement in the wave “3” of the middle order - it will be a continuation of the wave “5” of the higher order. The target is the same - the maximum of wave “3” 3495.Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Colleagues, price has successfully formed an “ABC” correction and I see that the upward movement is not over. I think that wave “5” of the higher order consists of five waves and at the moment wave “1” of the lower order is formed. This means that I predict a target at the high of wave 3495. Presumably correction “2” can reach a rougher target in the area of 3240. Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Dear colleagues, in the coming week I expect price to continue rising in wave “5”. I think that wave “3” is already completed and now we are witnessing a small correction. Reaching the resistance area of 101,000 will be the end of the big “ABC” correction. The 91,601 area could be a good support area to complete the correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Well, I guess I think the price could go even higher.Well, the price has confirmed the achievement of the target and I think we can make a new forecast.

Colleagues, I've redrawn the waves a bit, because it looks like the correction should be over. I believe that the upward movement will resume soon.I expect two variants of events:1) the price will reach the support area 3162, form wave “4” and after that we will see an upward movement - this is a variant of entering a position with pending limit orders. 2) Price has already formed wave “4” and then we will see only upward movement. This is a variant of market entry. In both cases I expect the price to come to the target in the resistance area of 3400. This is a pretty strong level from which there could be a strong correction.Manage your capital correctly and competently! Only enter trades based on reliable patterns!In fact, the price has reached the target. But we can close the most important positions and wait for the price to go a little higher.Well done!

Dear colleagues, in this forecast I will not make too forward-looking plans. I believe that the upward movement is not over yet, because the wave “C” is not yet completed and consists of five waves. I think that we should expect to reach the resistance area of 98,000. A small correction to the support area of 90,000 is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!I believe that the price has quite actively started an upward movement. Correction is still possible, but if you opened a position on the market - it is quite likely that the price will reach the target earlier.Well done!

Colleagues, last week we got a stoploss, but I still believe that we should expect a correction in wave “2”. We will try to catch this movement this week. I believe that the price will correct to the area of Fibonacci 38.2% - 50% levels (3228.41).Perhaps the price will slightly renew the maximum of wave “1”, reaching the level of 3438. In this case I recommend to work with pending limit sell orders. And some data:The prevalence of bulls according to CME reports additionally increased by 13%.The 23% increase in market volume, meanwhile, indicates a likely strong momentum pattern during the trading week.Despite the 13% increase in buyers, selling patterns towards the balance level of the week (3200.00) are recommended for the current trading week.Manage your capital correctly and competently! Only enter trades based on reliable patterns!Price broke through the 3438 area, but then still started the downward correction I had been waiting for. I believe that after a small upward movement we will again see price aiming for the 3228 level. We need to be quite careful and remember to should set trades to breakeven after updating the 3319 level.This week I believe that the price will break through 3259 and reach the target at 3228. A small triangle will form and I think we will see a price breakout.Nothing changes and I'm still waiting for the scenario to be completed. I have to wait, because the situation in the markets is frozen. So, 3228 is our target.Well done!