FirstNameHelen

HelenP. I After impulse up, Gold will make correction movement

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OANDA:XAUUSD   Vàng / Đô la Mỹ
Hi folks today I'm prepared for you Gold analytics. A few time ago price declined to the support zone, which coincided with support 2, and at once rebounded from it, but soon backed up and even later declined to lower this zone. After this, the price soon backed up to this support zone and some time traded inside, after which in a short time XAU broke support 2 and then made impulse up to support 1, which coincided with one more support zone. Soon, Gold broke this level, but at once turned around and made impulse down to the trend line, making a fake breakout of support 1. Then Gold started to move up near this line and also inside the wedge pattern. So, later Gold reached support 1 one more time and soon broke it, after which price in a short time rose higher support zone and reached the resistance line of the wedge. Recently, the price exited from this pattern and now continues to grow, but I think that Gold will soon make a correction movement to the support zone, therefore I set my target at 2205 points. If you like my analytics you may support me with your like/comment ❤️

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