FirstNameHelen

HelenP. I Gold can rebound up from support zone to $2090

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you XAUUSD analytics. If we look at the chart, we can see how the price a few days ago declined from support 2, which coincided with the support zone to the trend line. After this movement, the price rebounded from this line and made impulse up back to support 2 and soon broke this level. Also, Gold started to trades in a wedge, where it rose to the resistance line, but in a short time made a correction back to support 2. After this movement, the price rebounded from this level and continued to move up to support 1, which coincided with one more support zone. When XAU reached this level, it first made little correction and then rebounded higher than support 1, thereby breaking it. Next, the price rose to the resistance line of the wedge, but a not long time ago it rebounded back to the trend line and also soon broke it, exiting from the wedge too. Now Gold trades near the support zone and I expect that the price can decline to this zone, where it will reach the support level, after which Gold rebound and start to move up. That's why I set my target at the 2090 level. If you like my analytics you may support me with your like/comment ❤️

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