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Hellena_Trade

Hellena | GOLD (4H): Short to support area of 2100.

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Hellena_Trade Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Gold XAUUSD hellena hellenatrade Forex forexsignals signalservice wavetheory Contains image
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trendanalysis chartpattern waveanalysis gold xauusd hellena hellenatrade forex forexsignals signalservice wavetheory containsimage
Dear Colleagues, the price is showing a strong upward movement and I saw a five-wave structure. Now wave 3 is coming to an end and I expect a correction in the form of wave 4. I expect the price to reach at least the support area of 2100.

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Comment:
I suppose that the price has completed the ascending wave 3 and I expect a correction in wave 4. At the moment the price has formed a "Pin-Bar" pattern, which reinforces my forecast.
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