HelenP. I Gold will rebound from resistance level to $2460

8 Sep

Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some days ago dropped to the support level, which coincided with the support zone, and even soon broke this level. Next, the price fell to the trend line, after which at once rebounded up, breaking the 2400 level again. After this price turned around and made a correction movement to the trend line, where it some time traded near and later made a strong impulse up to the resistance level, which coincided with the resistance zone. Gold broke the 2510 level and some time traded in the resistance zone, and some time later made little correction movement and soon backed up to this area. But a not long time ago price dropped from this zone and at the moment it trades below the 2510 level. In my mind, XAUUSD will grow to a resistance level and then continue to move down to the trend line, therefore I set my goal at 2460 points. If you like my analytics you may support me with your like/comment ❤️