FirstNameHelen

HelenP. I Gold may continue to fall and exit of triangle

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you GOLD analytics. Decided to update the previous idea for you. After breaking through the support zone 1940-1935, the price did not gain a fixed below and began to rise. After breaking through the resistance at the level 1970, Gold traded above for a while, and after re-testing the resistance zone 1980-1985, which corresponds with the trendline, began to fall. For a long time, the price has created a descending triangle in which it is still traded. Gold fell to the support zone, which coincide with support for the triangle, re-tested it and rose. The price is currently trading above the support zone, but may continue to fall, break through it and leave the triangle. It seems to me that after leaving the triangle, Gold may continue the downward trend. Therefore, goals will be set at levels 1935 and 1920. If you like my analytics you may support me with your like/comment ❤️

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