HelenP. I Gold can correct below trend line and then start rise

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. Some days ago price declined to the 2015 support level, but at once rebounded and made a strong impulse to the trend line, breaking the resistance level, which coincided with the 2055 resistance zone. But after this movement, Gold turned around and in a short time declined to the 2055 level and soon broke it, after which it made a retest and then fell to the support level, which coincided with the support zone. After this movement, XAU at once rebounded from the 2015 level and rose to the resistance level, but it didn't fixed and soon declined back to the support level and even later fell lower. Next, the price some time traded near the support level, after which it made an impulse up to the resistance zone, thereby breaking the trend line, and soon turned around and in a short time declined back, making a fake breakout of the 2055 level. A not long time ago XAU rebounded up from the support level and broke the trend line one more time, made a retest, and at the moment continues to trades near this line. For my mind, Gold will correct below the trend line and then rebound up higher. That's why 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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