FirstNameHelen

HelenP. I Gold may continue to fall and exit triangle

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Hi folks today I'm prepared for you GOLD analytics. After a re-test of support at the level of 2000, the price continued to rise and reached the mark of 2050, from where it started a local downtrend. After making a slight upward correction, the price continued to decline, broke through support 2000 and fell to the support zone 1975-1965. For a long time, the price consolidated, after which it re-tested the support zone, began to rise and, after a small correction, formed an upward impulse and left consolidation. The price continued to rise and reached resistance at the level of 2080, from which it rebounded and began to fall. Subsequently, was created a descending triangle, in which Gold is still trades. The price re-tested the trendline, which corresponds to the resistance of the triangle, and continued to decline. Recently, the price rebounded the support of the triangle, made an upward correction and continues to decline. It seems to me that Gold may continue the local downtrend and break through the support of the triangle. The price may leave the triangle and continue to decline, so targets will be set at levels 2000 that corresponds support of triangle and 1980. If you like my analytics you may support me with your like/comment ❤️

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