XAU/USD
Gold can continue to decline inside consolidation
Hi folks today I'm prepared for you Gold analytics. A short time ago price rebounded from the support zone and declined below, but soon Gold around and made a strong impulse up, thereby breaking the 1935 level and entering to consolidation. In consolidation, Gold rose to the resistance level, which coincided with the resistance zone, but at once rebounded below. After this price repeated this movement and then broke the resistance level, but not for time. Gold in a short time declined back to consolidation, thereby making a fake breakout of the 1990 resistance level. Price declined until to support level and at once rebounded and rose to resistance level again. When it reached this level, Gold tried to break it again, but failed, and at the moment price trades below. For this reason, I think that Gold can continue to move down in consolidation. Therefore I set my target at the 1935 support level, which coincided with the bottom part of consolidation. If you like my analytics you may support me with your like/comment ❤️
Gold can continue to decline inside consolidation
Hi folks today I'm prepared for you Gold analytics. A short time ago price rebounded from the support zone and declined below, but soon Gold around and made a strong impulse up, thereby breaking the 1935 level and entering to consolidation. In consolidation, Gold rose to the resistance level, which coincided with the resistance zone, but at once rebounded below. After this price repeated this movement and then broke the resistance level, but not for time. Gold in a short time declined back to consolidation, thereby making a fake breakout of the 1990 resistance level. Price declined until to support level and at once rebounded and rose to resistance level again. When it reached this level, Gold tried to break it again, but failed, and at the moment price trades below. For this reason, I think that Gold can continue to move down in consolidation. Therefore I set my target at the 1935 support level, which coincided with the bottom part of consolidation. If you like my analytics you may support me with your like/comment ❤️