Hellena_Trade

Hellena | GOLD (1H): Short to the 61.8% Fibo lvl 1940.697.

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Dear colleagues, I assume that the price has not completed the formation of wave 5. At the moment it is possible to move to the area of 61.8% Fibonacci extension level 1940.697. This area may be the minimum and the price may break through it.

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Comment:
Dear colleagues, I assume that the price is forming wave 5. I have redrawn the waves, as wave 3 is now longer. The nearest target is 1944.700.
Trade closed: target reached:
Well done!

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