HelenP. I Gold can rebound down from support zone to $2260
Hi folks today I'm prepared for you Gold analytics. Some time ago price in a short time rose to resistance 2, which coincided with the resistance zone and soon broke it, after which rose a little higher. But later, the price made impulse down to 2335 points, breaking resistance 2, after which turned around and soon rose to resistance 2. Gold some time traded near and later broke resistance 2 again and reached the trend line, but then the price turned around and made a strong impulse down to resistance 1, breaking the 2395 level one more time. Then price at once rebounded from resistance 1, which coincided with the support zone and in a short time rose to the trend line. When XAU reached this line, the price broke it and rose a little more, but soon turned around and started to decline. In a short time, Gold declined to resistance 1, and a not long time ago price broke it. Just now, XAU trades inside the support zone, near the trend line, so, I expect that Gold will reach resistance 1 and then rebound down to the trend line. After the price reaches this line, XAU can break it and continue to decline. For this case, I set my target at 2260 points. If you like my analytics you may support me with your like/comment ❤️
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