FirstNameHelen

HelenP. I Gold can break trend line and then continue to grow

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price not long time ago made an impulse downward from the resistance zone, which coincided with the resistance level to the support level. After this, the price tried to rise, but failed and declined even below the 2020 support level, which coincided with the support zone, but soon XAU turned around and made a strong impulse up to the trend line, breaking the 2050 resistance level again. Next, the price bounced from this line and in a short time declined to 2000 points, thereby breaking 2050 and 2020 levels one more time. After this movement, Gold turned around and rose higher than the support level, breaking the 2020 level again and some time traded near this level. But when XAU made a fake breakout of the trend line it made impulse down to the support zone, and even fell lower, but recently price rose back and now trades close to the support level. I expect that Gold will make a correction to the support level and then rise to the trend line. After this movement, XAU can try to break this line, after which the price will continue to move up. Therefore I set my target at the 2040 level. If you like my analytics you may support me with your like/comment ❤️

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