HelenP. I Gold will turn around from resistance level and drop

15 de ago.

Hi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the support level, which coincided with the support zone, and even later fell to this area, but soon backed up. Next, XAU made an upward impulse to the resistance level, which coincided with the resistance zone and even entered to it, after which turned around and made a strong impulse down to the trend line. Also, the price started to trades inside the wedge, where it rebounded from the trend line, which is the support line of the wedge also, and rose higher than the 2385 level, after which made the correction. Then price some time traded near this level and later continued to move up, and soon reached the 2465 resistance level. Gold entered to resistance zone, some time traded inside, and recently fell below, after which started to grow. So, for this case, I expect that XAUUSD will rise a little higher than the resistance level and then drop to the trend line. That's why I set my goal at 2435 points. If you like my analytics you may support me with your like/comment ❤️