Short

HelenP. I Gold may continue to fall and break support 1970

Hi folks today I'm prepared for you GOLD analytics. The month began with the fact that Gold began a local uptrend, broke through the resistance zone 1985-1990 and rose to the level 2030. The price made a deep correction, continued to rise, broke through resistance and for some time trade higher for long. Gold after a re-test of the trendline began to decline and completed the local downtrend. The price continued to decline, broke through the current support zone, and dropped to support level 1970. Over time, it was formed a symmetrical triangle, which recently Gold left. The price retested the resistance of the triangle, which coincide with the trendline, began to fall and broke through the support of the triangle. Currently, the price is trading below the support of the triangle and may continue the local downtrend. It seems to me that Gold may continue to fall and break through support at the level 1970. Therefore, the targets for Gold will be set at level 1970 and in the support zone 1955-1950. If you like my analytics you may support me with your like/comment ❤️

FirstNameHelen

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