FirstNameHelen

HelenP. I Gold will correct to support level and then rebound up

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. A few moments ago price reached the support level, which coincided with the support zone, but at once rebounded and declined to the trend line. After this movement, XAU turned around and made a strong impulse up, breaking the 2300 level, after which it rose a little more. Later Gold corrected, after which in a short time rose to a resistance level, which coincided with the resistance zone. Also, the price broke this level and rose a little more, but soon it turned around and made an impulse down to the trend line, breaking the 2400 level again. After this movement, the price in a short time rose to the resistance level and then made a strong impulse down to the support level, thereby breaking the trend line. As well price formed a pennant pattern, but for this day XAU continues to trades near the 2300 support level and I expect that Gold will make a correction to the support level and then rebound up. That's why I set my target at 2350 points. If you like my analytics you may support me with your like/comment ❤️

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