Short

HelenP. I Gold can rebound from trend line to support level

20 hours ago

Hi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price declined to the trend line and then at once rebounded from this line to support 1, which coincided with the support zone, breaking support 2. Then the price made a correction, after which reached the trend line and then rebounded and rose back to the support zone (2725 - 2715) and then dropped to the trend line. When the price fell to this line, it broke it and declined to the support zone, which coincided with support 2 and then started to grow inside the upward channel. In the channel, the price reached the support line and some time rose near this line and then bounced and in a short time rose to support 1. Soon, the price broke this level and continued to move up next and now it almost reaches the trend line. For this case, I expect that XAUUSD will reach this line and then turn around and start to decline to support level inside an upward channel. That's why I set my goal at the 2715 level. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

🚀If you want became part of my trading team, follow all my personal trades and start making big profits in trading welcome to my paid VIP signals group, write me ✏️ bit.ly/4grtzW3

❤️ Welcome to my free telegram channel 👉🏼 bit.ly/418mk0x

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.