HelenP. I Gold will break trend line and continue to fallHi folks today I'm prepared for you Gold analytics. A while back, the price climbed to the level labeled Support 2, which also aligned with the support zone. After breaking through this level, it began to consolidate. This was followed by a retest, after which the price continued its upward movement and eventually reached Support 1 — a level that matched the upper boundary of the previous range. From there, a correction took place, bringing the price down to the trend line. Shortly after, gold resumed its climb and nearly reached the upper edge of the consolidation area again, but another correction to the trend line followed. Then, XAUUSD continued to rise, eventually reaching Support 1 and breaking above it, effectively exiting the range. Following this breakout, gold rallied to 3056 points before pulling back to the trend line. Since then, the price has been moving upward along this line. Currently, I anticipate that XAUUSD could rise to around 3050 points once more, then reverse and break below the trend line, continuing its downward move. In this scenario, my goal is set at 2980 points. If you like my analytics you may support me with your like/comment ❤️
