HelenP. I Gold will grow a little and then drop to support level
Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price rebounded from support 2 and dropped to the trend line, after which at once started to grow. After this, Gold quickly rose to support 2, which coincided with the support zone, some time traded in this area, and then broke support 2. Next, the price entered to consolidation, where it corrected once, and then rebounded up to the top part of the range and even entered to one more support zone. But soon, XAU turned around and dropped to support 2, making a fake breakout of support 1 and breaking the trend line. After this movement, XAU started to grow between the trend line, and a short time later it reached support 1 again, breaking the trend line one more time. Gold broke support 1 and continued to move up near the trend line. Now, I expect that XAUUSD will rise one more time and then drop to a support level, breaking the trend line. For this reason, my goal is the 2470 support level. If you like my analytics you may support me with your like/comment ❤️
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