Long

HelenP. I Gold on Track to $2910: Uptrend Continues

Hi folks today I'm prepared for you Gold analytics. Not too long ago, the price broke through Support 2, which aligned with a support zone, and dropped down to the trend line. Following this move, the price began climbing along the trend line, but later it broke below it and fell further. Afterward, Gold rebounded to Support 2, broke it again, reached the trend line, and continued to rise from there. For a considerable period, the price was rising just below the trend line. However, after some time, Gold partially broke above this line but then resumed moving upward while staying below it. Eventually, the price broke through Support 1, which also coincided with a support zone, made a retest, and rebounded, finally managing to break through the trend line. From there, the price rallied from the trend line up to 2880 points, made a correction back to the trend line, and recently resumed its upward movement. In my view, XAU/USD may correct back to the trend line before continuing its ascent. With this in mind, my target is set at 2910 points. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

🚀If you want became part of my trading team, follow all my personal trades and start making big profits in trading welcome to my paid VIP signals group, write me ✏️ bit.ly/4grtzW3

❤️ Welcome to my free telegram channel 👉🏼 bit.ly/418mk0x

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

FirstNameHelen

Also on: