HelenP. I Gold can fall to trend line and then rebound up

9 Eki

Hi folks today I'm prepared for you Gold analytics. A few moments ago price rose to support 2, which coincided with the support zone, and then made a correction movement. After this, price started to rise inside the upward channel, where it soon reached support 2, some time traded in the support zone and broke this level. Next, the price rose to the resistance line of the channel, after which made a movement down to support 2 and then tried to grow back. But Gold failed and declined to the trend line again, which is the support line of the channel also. Then the price little grew near this line and then rebounded up to support 1, which coincided with one more support zone. Soon, XAU broke this level too, and even later exited from the channel. Gold some time traded and a not long time ago dropped to the support zone, where it continues to trades to this day. In my opinion, XAUUSD will fall to the trend line one more time and then rebound up. That's why I set my goal at 2680 points. If you like my analytics you may support me with your like/comment ❤️