HelenP. I Gold will rebound up from support level to $2350
Hi folks today I'm prepared for you Gold analytics. If we look a the chart we can see how the price rebounded from the trend line and made a strong impulse up to the resistance level, thereby breaking the 2290 support level and even soon XAU broke the resistance level too and rose higher resistance zone. But then the price turned around and made a correction movement, declining lower than the resistance level, after which the price tried to repeat the past impulse, but when it reached the 2400 level, Gold in a short time declined to the support level, which coincided with the support zone. Also, the price entered to this area and even fell to the trend line, after which at once made impulse up, higher than the resistance level with the resistance zone. But later XAUUSD turned around and dropped to the trend line first, breaking the resistance level one more time, and recently it broke the trend line and declined to the support level. Just now, I expect that the price will rebound up from the support level to the trend line, after which it can break this line and continue to grow. That's why I set my goal at 2350 points. If you like my analytics you may support me with your like/comment ❤️
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