HelenP. I Gold can make small correction and then continue grow

Hi folks today I'm prepared for you Gold analytics. A short while ago, the price was trading near the support zone, which aligned with the support level, before rebounding up to the resistance level. Following this movement, Gold made a correction, quickly reversed, and then repeated the corrective move once again. After that, the price climbed back to the resistance level and entered the resistance zone, where it consolidated for some time before beginning a decline within a triangle pattern. Within this structure, XAU broke below the 2935 level and dropped further to the trend line, also breaking through the 2865 support level. After this move, XAU reversed direction, rebounded from the trend line, and soon reclaimed the 2865 level. The price then nearly reached the resistance line of the triangle before making a correction back to the trend line. It later turned around again, climbed higher, and reached the resistance line. Currently, Gold is trading near this resistance line, and I anticipate a correction toward the trend line before rebounding upward, breaking out of the triangle, and surpassing the resistance level. Given this setup, my target is set at 2950 points. If you like my analytics you may support me with your like/comment ❤️

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Wow, that's very good! Gold didn't move down, but it grew until it reached the resistance level, thereby exiting the triangle. It soon broke the resistance level and continued to grow. Great! I expect that it may continue to grow next.

FirstNameHelen

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FirstNameHelen

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