Short

HelenP. I Gold trades in triangle and may drop to support

Hi folks today I'm prepared for you GOLD analytics. The price rebounded from the level 2050, fell and created the 1985-1975 zone. For some time, Gold traded in the current support zone, then began to rise and tried to break through the level of 2050, but did not to fix above. The price began to decline and, after a deep upward correction, fell and broke through the support zone. After several upward corrections and re-tests of the resistance zone, the price continued to drop and reached the mark 1930. The price rebounded from level 1930 and rose. For a long period, was created an ascending triangle, in which the price is still traded. After retesting the resistance zone and resistance of triangle, Gold continued to decline. Currently, the price has retested the trendline, which corresponds to support of the triangle, and made a correction uphill. It seems to me that Gold may continue the local downtrend and fall again to the trend line. Therefore, the goals will be set at level 1945, which corresponds to the trend line and support of the triangle. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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FirstNameHelen

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