XAUUSD
XAU/USD
Gold can correct to trend line and then continue rise
Hi folks today I'm prepared for you Gold analytics. Some time ago price rebounded from support 2, which is located in the support zone, and tried to rise, but failed and in a short time declined to the trend line, thereby breaking this level. After this, the price rebounded from the trend line and made impulse up higher than support 2. Later price rose higher and then made a correction to the trend line, after this Gold rebounded from this line and continued to move up to support 1, which coincided with one more support zone. And soon, the price broke this level, and entered to support zone, but at once rebounded below and fell to the trend line. Also soon, Gold backed up to support 1 and recently broke it again. As well then it continued to rise and now Gold trades higher than the support zone and for my mind, it can decline to the trend line, which is located in the support zone. Then price rebounded and continued to move up, therefore I set up my target at the 2030 level. If you like my analytics you may support me with your like/comment ❤️
Gold can correct to trend line and then continue rise
Hi folks today I'm prepared for you Gold analytics. Some time ago price rebounded from support 2, which is located in the support zone, and tried to rise, but failed and in a short time declined to the trend line, thereby breaking this level. After this, the price rebounded from the trend line and made impulse up higher than support 2. Later price rose higher and then made a correction to the trend line, after this Gold rebounded from this line and continued to move up to support 1, which coincided with one more support zone. And soon, the price broke this level, and entered to support zone, but at once rebounded below and fell to the trend line. Also soon, Gold backed up to support 1 and recently broke it again. As well then it continued to rise and now Gold trades higher than the support zone and for my mind, it can decline to the trend line, which is located in the support zone. Then price rebounded and continued to move up, therefore I set up my target at the 2030 level. If you like my analytics you may support me with your like/comment ❤️
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