FirstNameHelen

HelenP. I Gold will decline to support zone, breaking trend line

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. Some time ago prices started to trades near support 2, which coincided with the support zone, and even later XAU fell to this zone and some time traded there. After this, the price turned around and made an impulse up from this area to 2223 points, breaking support 2, but soon turned around and declined back to this level, which coincided with the trend line as well. Next, the price started to rise between this line and later it reached support 1, which coincided with one more support zone. Soon, Gold broke this level and rose higher than the support zone, but later it fell back to the trend line, after which continued to rise near the trend line. Now, the price rising near 2275 points, and for my mind, Gold will make a little movement up, after which it turn around and can decline to the support zone, thereby breaking the trend line again. That's why I set my target at the 2040 points, which are located in the support zone. If you like my analytics you may support me with your like/comment ❤️

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