FirstNameHelen

HelenP. I Gold will rebound from trend line and continue to fall

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. Some time ago price rebounded from the trend line and in a short time declined to the support level, which coincided with the support zone, breaking the resistance level. But then, the price turned around and made an upward movement to the 2345 level, which coincided with the resistance zone and even rose higher than it to the trend line. Also, the price started to decline inside the wedge, where it soon rebounded from the trend line and made an impulse down to the support line of this pattern, breaking the support level. After this, XAU in a short time rose higher than the 2295 level, breaking it one more time and some time trading near. Later Gold rebounded up from the support level to the trend line, but a few moments ago it rebounded and started to decline bear this line. So, for my mind, Gold will reach the trend line and then continue to decline. That's why I set my target at the 2295 support level. If you like my analytics you may support me with your like/comment ❤️

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