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FirstNameHelen
May 5, 2023 9:23 AM

HelenP. I Gold may continue to fall and reach level $2000 Short

GOLD (US$/OZ)TVC

Description

Hi folks today I'm prepared for you GOLD analytics. Gold after the retest of the support zone 1895-1885 began an upward trend. The price rose to the mark of 2010, made a deep correction and continued to grow. Gold then declined, retested support at level 1950, and continued to move. The price, after a slight correction, continued to rise and reached the resistance zone 2045-2055, from which it decreased and created a symmetrical triangle. For a long time, Gold traded in a triangle, after which it broke through resistance and left it. The price continued to rise and tried to break through the resistance zone, but could not gain a fix above and began to fall. Gold is currently trading below the resistance zone and may continue to decline. Price may continue the local downtrend, so the targets will be set at the levels 2020 and 2000. If you like my analytics you may support me with your like/comment ❤️
Comments
melikatrader94
it should work out pretty well.
pejman_zwin
This post is the very beast.🦍
HAMED_AZ
Great idea
Bruce168
Great analysis
basictradingtv
awesome!
DeGRAM
Thank you for sharing your analysis.
P_S_trade
Nice trade plan
KABHI_FOREX_TRADING
Good resistance zone
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