Hellena | GOLD (4H): SHORT to the minimum of the “W” wave (2540)

٢٠ ديسمبر ٢٠٢٤

Dear colleagues, due to the recent sharp price movement I have redrawn the waves and at this point I can assume that we are dealing with a complex correction (W, X, Y).
This means that I predict a price decline at least to the support area of 2540 - this is the area of the minimum of the “W” wave.
It will most likely be followed by its renewal, but we will talk about it when the target is reached.

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

٢٣ ديسمبر ٢٠٢٤

تم فتح الصفقة

Colleagues, the situation in gold is very similar to the euro.
I think that the resistance area has been reached and we should look at short positions. Wave “4” should complete its movement soon (probably at 2640), then I expect wave “5”.

٢٧ ديسمبر ٢٠٢٤

ملاحظة

Friends, it is quite possible that the move is not a five-wave move but a complex three-wave correction, but in any case I believe that the downward movement will start soon.
Even if the price reaches the 2650 level, I will expect a downward movement to the 2540.100 level.

٣٠ ديسمبر ٢٠٢٤

ملاحظة

On gold the situation is the same exactly as on other instruments. I expect the beginning of the decline. This week I think the scenario will start to be realized, because the price has already updated the 2618 area twice.