FirstNameHelen

HelenP. I Gold will make retest and then continue move up

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. Some days ago price rebounded from the trend line, which is the resistance line of the downward channel also, and started to decline to support 2, which coincided with the support zone. But when it reached this zone, it rebounded up to 2060 points, but soon turned around and declined to support line of the channel, breaking support 2. Then price in a short time rose to support 2, broke it again, and later reached the trend line. After this, Gold bounced and a few moments later made a strong impulse down to the support line of the channel, breaking support 2 one more time. Then the price turned around and started to rise from the support line to support 2, and when it reached this level, XAU broke it again and continued to move up to the trend line. When the price reached the trend line, Gold broke it, thereby exiting from the channel and soon made a retest. After this, the price made a strong impulse up to 2085 points, thereby breaking support 1. Now, I expect that Gold will make a retest of the current support level, after breaking, and then the price can continue to grow, therefore I set my target at the 2105 level. If you like my analytics you may support me with your like/comment ❤️

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