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FirstNameHelen
Apr 8, 2023 10:13 AM

HelenP. I Gold may decline to support of upward wedge Short

GOLD (US$/OZ)TVC

Description

Hi folks today I'm prepared for you GOLD analytics. For a long time, the price traded below the resistance zone of 1855-1840. After some time, Gold broke through an ascending impulse the resistance zone and continued to grow. Over time, the price has created an ascending wedge and is traded inside. After the retest of the trend line, the price began to rise and tried to break through the resistance line of wedge, but could not fix above. Gold returned inside the wedge and continued to decline. The price is now trading close to the support level 1990 and may continue to fall and break through it. I hope that the price after a possible breakdown may be able to reach the trend line. Therefore, the targets for Gold will be set at the support level 1990 and at the level 1975, which coincide with the trend line. If you like my analytics you can support me with your like/comment ❤️
Comments
kquetta01
miss beauty you are right 😊
Tolberti
Very nice! Good job.
RLinda
Great chart, very useful for assessing the market situation, thanks for sharing)
HAMED_AZ
Nice one
basictradingtv
awesome work as always Helen!
wieskopyta
I agree with you. DXY - up, GOLD - down :)
I aim at 1982.
linofx1
Totally agreed with you 🔥🔥
P_S_trade
Nice trade pattern
Setupsfx_
Great chart with detailed analysis and fundamental approach.
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