Hellena | GOLD (1H): Long to resistance area at 2058.201.

Dear colleagues, after such a strong upward movement we saw an equally strong downward bounce. At the moment I believe that there are still some untouched sell orders slightly higher. I believe that the price will reach the resistance area at 2058.201. After that I will continue drawing Elliott waves.

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

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I continue to believe that a corrective move will take place. I consider only long positions to the target of 2058. It is possible to update the low, be ready for it.

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Dear colleagues, gold is showing an upward trend. At the moment I see a great potential in correction to our target area. This is evidenced by the increasing share of buyers in the market. I am considering only long positions.

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Gold is still reeling from strong price spikes. At the moment I believe that the price will not reach the target by the end of the week, but if a strong upward movement starts - don't forget to put your trades to breakeven.