HelenP. I Gold will break support level and continue to fall

4 thg 9

Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some days ago declined to support 2, which coincided with the support zone and at once made impulse up to support 1. After this, the price turned around and in a short time declined to support zone, where it some time traded and then tried to grow, but failed and dropped lower than support 2, breaking it. Gold reached the trend line, after which started to move up and quickly rose to 2477 points, thereby breaking support 2 one more time, but soon fell back to the trend line. Next, the price turned around and started to grow to support 1, which coincided with resistance zone and when it reached this level it broke it and even rose a little higher than the resistance zone. Soon, XAU made the correction, after which continued to trades near the resistance zone and recently fell to this area, where at the moment continues to trades near support 1. In my mind, XAUUSD will make a small movement up and then break the support level. After this, the price can continue to decline, therefore I set my goal at 2450 points. If you like my analytics you may support me with your like/comment ❤️