FirstNameHelen

HelenP. I Gold can rise to resistance zone and fall to $2140

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some time ago rebounded up from the support zone and broke the 2030 support level, after which it made a retest and continued to trades near this level in an upward channel. Later XAU last time fell to the support level, which their moment coincided with the support line and trend line, after which the price rebounded and made a strong impulse up to the 2180 resistance level. When the price reached this level, which coincided with the resistance zone, the price broke it and reached the resistance line of the channel, after which Gold turned around and some time later fell below, thereby breaking the resistance level again. XAU tried to back up to the 2180 level, but failed and a not long time ago fell to the trend line and even lower, breaking it. Now, XAU continues to trades near this line and I expect that Gold will rise to the resistance zone, after which it can turn around and start to decline to support line of the upward channel. That's why I set my target at the 2140 level, which coincided with the support line. If you like my analytics you may support me with your like/comment ❤️

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