FirstNameHelen

HelenP. I Gold can rebound up from support line to $1960 level

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. A short time ago price declined to resistance 1, where it at once rebounded and made an impulse up to 1980 points. After this price corrected and then reached resistance 2, which coincided with the resistance zone. Gold tried to break it, but failed and declined below. As well, the price started to decline inside the downward channel, where it tried to break it resistance 2 again but failed and rebounded to resistance 1, which coincided with one more resistance zone. Gold some time traded near this level and later broke it. After this, the price tried to back up, but when it entered to resistance zone, Gold at once rebounded down. Now price trades near the support line of the downward channel and I expect that the price can fall to this line and then Gold rebounds up to resistance 1. That's why I set my target at the 1960 level. If you like my analytics you may support me with your like/comment ❤️

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