HelenP. I Gold may correct to support zone and then rebound up

2 days ago

Hi folks today I'm prepared for you Gold analytics. After rebounding from the trend line, XAUUSD began to grow steadily within the rising structure, confidently pushing through local resistance and breaking above the previous support 2 area. This breakout was backed by strong bullish momentum, with the price clearly holding above the broken level, turning it into a support base. Following that surge, the price entered a short-term consolidation, trading within the upper boundary of the chart, just above the 3400 level. This area now acts as a crucial support zone, and the market is currently hovering slightly above it after a local peak. Given the strength of the recent impulse and the confirmation of previous resistance as support, I expect a brief correction to the support zone before a continuation of the bullish move. That’s why I set my current goal at 3470 points — the next potential resistance area where the price may encounter renewed selling pressure after the rally continues. If you like my analytics you may support me with your like/comment ❤️

Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.

yesterday

Trade active

Great! Price declined to support zone, now I think it little time trades near this area and then start to move up.

3 hours ago

Trade closed manually

Gold broke support level and continue to decline.

FirstNameHelen

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

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

ThinkMarket Ambasador Join & explore bit.ly/3YLyRVV

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: