HelenP. I Gold can start decline to $2570 inside upward channel
Updated
Hi folks today I'm prepared for you Gold analytics. A not long time ago price some time traded near support 2, which coincided with the support zone and later fell to this area. After this movement, it turned around and tried to grow, but when it reached 2529 points, it turned around and started to decline. In a short time, XAU declined to support zone and then started to grow inside upward channel. In this channel, the price rose a little and then made a correction to support 2, after which started to move up next in the channel. Some time, the price rises near the support line of the channel and later rebounds up to support 1, which is located inside the support zone, and then breaks this level. Next, Gold reached the trend line, which is the resistance line of the channel also, and then made a correction movement below support 1. After this, Gold made impulse up to the trend line, breaking support 1 one more time, and now continues to trades near this line to this day. I expect that XAUUSD will start to decline to the support line, which coincides with the support level. For this case, I set my goal at 2570 level. If you like my analytics you may support me with your like/comment ❤️
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Price continue to move up near the trend line, but recently it started to decline. So, I expect that Gold will continue to fall to my goal:
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Maybe Gold some time more trades near the trend line, and then start to move down, we'll see
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