HelenP. I Gold will correct to trend line and then rebound up

8 Ogo

Hi folks today I'm prepared for you Gold analytics. Some days ago price rose until to the support level, which coincided with the support zone and even broke this level, but soon turned around and dropped to the trend line. Next, Gold rebounded from the trend line and quickly rose back to the 2355 level, broke it, and started to trades inside consolidation. In the range, the price some time traded near the 2355 level and then made a strong impulse up to the resistance level, which coincided with the resistance zone and even entered to this zone. Inside the resistance area, Gold reached the top part of the consolidation and even made a fake breakout, after which dropped to the trend line, which coincided with the support level, thereby breaking the 2455 resistance level. After this movement, XAU repeated this movement to the resistance area again, after which fell back to the trend line. Recently it turned around and started to grow, so, I expect that XAUUSD will correct almost to the trend line and then continue to grow to the 2455 resistance level. For this reason, resistance level it's my goal. If you like my analytics you may support me with your like/comment ❤️