TradingView
FirstNameHelen
Apr 15, 2024 11:47 AM

HelenP. I Gold can make a small move up and fall to trend line Short

GoldOANDA

Description

Hi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price some time ago entered to support zone, which coincided with support 2, and started to trades inside. Gold long time traded in this area, after which the price declined a little lower and then made impulse up higher level 2, thereby breaking it and exiting from the support zone, after which XAU in a short time rose to the trend line. When the price reached this line, it rebounded and little declined, after which Gold turned around and rose back to the trend line, which coincided with one more support zone. Later price repeated little correction movement and then made strong impulse up, higher support 1, thereby breaking this level and trend line also. After this, XAU continued to rise and recently in reached 2430 points, and then turned around and started to fall. For my mind, Gold will make a small move up and then continue to decline to the trend line, therefore I set my target at 2270 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Comments
Xanrox
This is definitely a realistic scenario, I agree with you, but wait for a small pullback.
More