Short

HelenP. I Gold will fall to $2130, thereby breaking trend line

Hi folks today I'm prepared for you Gold analytics. Some time ago price entered to consolidation, where it at once reached support 1, which coincided with the top part of the flat and support zonee, after which the price turned around and in a short time declined to support 2. After this movement, XAU some time traded near this level, which coincided with one more support zone, but later price made an impulse down to the trend line, thereby exiting from consolidation and breaking support 2. Then Gold started to rise between the trend line and soon broke support 2 again, after which it declined below this line and later rebounded up to support 1. Soon, Gold broke support 1 and also later trend line too. After this movement, the price rebounded from the trend line and continued to move up, and now the price trades a little higher than the trend line and I think Gold will fall lower the trend line, thereby breaking it. That's why I set my target at the 2130 level. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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FirstNameHelen

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