FirstNameHelen

HelenP. I Gold can correct to trend line and then rebound up

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. Some days ago price traded near the support 1975 level, which coincided with the support zone, and a few moments ago it bounced and tried to rise, but failed and in a short time declined below this level, breaking it, to the trend line. After this, XAU at once rebounded and made a strong impulse up to the resistance zone, breaking 1975 and 2080 levels, but soon it turned around and made a correction to the support level, breaking the resistance level again. Also, Gold started to trades in a wedge, where later price rebounded from the support level and made upward impulse to the resistance zone one more time, and soon fell back. Gold declined to the trend line and a not long time ago bounced up from it, but not so high, for this reason, Gold continues to trades near this line to this day. For my mind, the price will make a correction to the trend line again and then rebound up. That's why I set my target at the 2050 level. If you like my analytics you may support me with your like/comment ❤️

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