FirstNameHelen

HelenP. I Gold will start to decline to trend line in triangle

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. A few moments ago price reached support 2, which coincided with the support zone and some time trades in this area, after which broke support 2. After this price started to grow inside the triangle, where it rebounded from the trend line and made a strong impulse up to the resistance level, which coincided with the resistance zone, breaking support 1 also. Then Gold turned around and made a correction to support 1, which coincided with one more support area, and some time traded near this level. After this price rebounded from support 1 and rebounded up to the resistance line of the triangle, and just now continues to trades near this line. For this case, I expect that Gold will reach a resistance level and even enter to seller zone, after which turn around and start to decline to the trend line, which is the support line of the triangle too. That's why I set my target at 2330 points. If you like my analytics you may support me with your like/comment ❤️

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