FirstNameHelen

HelenP. I Gold can break support level and fall to $1900

Short
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 a few moments ago declined to the 1910 support level, which coincides with the support zone. After this movement, Gold rebounded from the 1910 level and made impulse up to the 1950 resistance level and even after this continue to rise to the 1985 point. Later price rolled down to the resistance zone, but then it tried to rise, failed, and fell below this level. After this Gold bounced up to the trend line and started to decline to the 1910 support level, thereby forming a wedge pattern. Now price continues to trade near the 1910 level inside the wedge and I think that Gold can rise a little and then rebound below a support level, with the zone. Therefore I set up my target at the 1900 level. If you like my analytics you may support me with your like/comment ❤️

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