Short

HelenP. I Gold trades in triangle and may continue to fall

Hi folks today I'm prepared for you GOLD analytics. Gold made a deep correction, retested support at the level 1950, continued to rise, and broke through the resistance zone 1970-1975. The uptrend continued, and the price reached resistance at the level 2030. After a deep correction, Gold tried to break through the resistance, but the price failed to fix above. After breaking through the current support, the price continued to decline, starting a local downtrend. Gold created a descending triangle and has been trading inside for a long time. After reaching the current support zone, the price tested it several times and rose to the trend line. Gold recently dropped again to the support zone, re-tested it, and bounced. The price is currently trading below the trend line, but may rise and retest it and continue to fall. It seems to me that the price may continue the downward local trend, therefore the targets will be set at the level 1980 and in the zone 1975-1970. 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.