FirstNameHelen

HelenP. I Gold can decline to support zone and then start grow

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price a not long time ago rebounded from the trend line and started to move up close this line. Soon, the price reached support 2, which coincided with the support zone, but firstly it rebounded below, after which XAU turned around and made impulse up, thereby breaking support 2. After the breakout, the price made a retest and then continued to move up to the next support level, which also coincided with one more support zone. When Gold reached this level, it even firstly entered to support zone, after which turned around and made correction. After this, the price made impulse up to 2430 points and soon made the correction, after which the price finally broke support 1 and continued to move up. But recently XAU fell to the trend line, where at the moment it continues to trades near. That's why I think Gold will decline to the support zone and then rebound up to 2420 points, breaking the trend line one more time. If you like my analytics you may support me with your like/comment ❤️

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