HelenP. I Gold will rise a little more and then drop to $2985

6 days ago

Hi folks today I'm prepared for you Gold analytics. After analyzing this chart, we can see that the price spent some time trading within a consolidation range before rebounding from the support zone to the upper boundary of this range. It then hovered around this area for a while before starting to decline. In a short time, the price dropped to the trend line, breaking through Support 2 and exiting the consolidation phase. Following this, the price reversed from the trend line and began to rise, soon reaching Support 2 again, breaking above it, and consolidating near this level. Later, it broke below the trend line and declined toward the support zone. After that, Gold made a strong upward impulse toward Support 1, also breaking the trend line. Shortly after, it breached Support 1 and traded within the support zone for some time before resuming its upward movement. However, I anticipate that XAUUSD will rise slightly before reversing and dropping back to the support level, breaking the trend line. Based on this scenario, my goal is set at 2985 level. If you like my analytics you may support me with your like/comment ❤️

5 days ago

Trade active

Good! Gold started to decline and I think it soon can reach the trend line, break it, and continue to fall next.

4 days ago

Trade closed: target reached

Nice! Price broke the trend line and then made a retest. Now I think it can then continue to decline next.

FirstNameHelen

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FirstNameHelen

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