Short

HelenP. I Gold may break support and continue to fall

Hi folks today I'm prepared for you GOLD analytics. For a long time, the price traded in the range between support and resistance, and after the last unsuccessful breakdown, the price made a downward correction, continued to rise and broke through resistance at the level of 2000. Gold reached mark 2070, from which it rebounded and start to decline. After the upward correction, the price continued to fall and fell to support at the level 2000, tested it and increased. For a long time, a descending triangle was created in which Gold was traded for a long period. The price rose to a trend line that coincide with the resistance of the triangle, re-tested it and continued to decline. After reaching triangle support, Gold make correction up, then continued to fall, broke through support at the level of 2000 and exit of the triangle. Recently, the price reached support at the level of 1975 rebounded, make slight correction and continued to fall. Currently, the price is trading at level support and after a possible breakout may continue to drop. It seems to me that Gold may continue the local downtrend, so the target will be set at level 1960. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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