FirstNameHelen

HelenP. I Gold may continue decline and achieve to support zone

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you GOLD analytics. After reaching the level of 2020, the price changed direction and started a local downtrend. Dropping to the level 1950, Gold rebounded, made an upward correction, where it formed the 1980-1985 resistance zone and, after a re-test, continued to fall. The price broke through the level 1970 and declined, and formed the support zone 1940-1935. After retesting the support zone, Gold impulse up, tested resistance at level1970 and continued to fall. Price tried to break through the support zone, but it failed to gain a fixed, and it began to rise. Subsequently, the price broke through resistance and rose to the resistance zone, tested it again and began to fall. Gold is now trading close to the support zone and may continue to decline and achieve it. It seems to me that the price may continue the local downtrend. Therefore, the goal for Gold will be set in the zone 1940-1935. If you like my analytics you may support me with your like/comment ❤️

🚀Details if you interested in my Crypto or Forex & Gold Premium signals 👉🏼 t.me/helenp_trading/3474

❤️ Welcome to my free telegram channel 👉🏼 t.me/helenp_trading
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.