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FirstNameHelen
Jun 3, 2023 7:38 AM

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

GoldOANDA

Description

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 ❤️
Comments
ArmanShabanTrading
I appreciate your work, keep it up!
Tolberti
Thanks for the info, keep it up!
Setupsfx_
Great work, as always your ideas make sense
CryptoCheck-
Good work Helen!
BKTradingAcademy
Nice outlook! I’m hoping for a pullback and more short. Let’s see.
JoeChampion
Nice view, i have a similar target!
VincePrince
This aspect of the gold should be considered. Thank you.
RLinda
The market is unfortunately boring right now, but overall the idea is not a bad one. I think you can get at least a small profit from this idea.
TheNewsCrypto
Good chart dear, I'm agree with your analytics, it's possible
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