HelenP. I Gold will continue to decline between the trend line

3 дня назад

Hi folks today I'm prepared for you Gold analytics. Some time ago price entered to consolidation, where it some time traded near resistance 1, which is the bottom part of this pattern. Next, the price rebounded up to the top part of the consolidation, after which little corrected and later fell back to resistance 1 already. After this, Gold some time traded in the resistance area, after which turned around and started to grow, and soon exited from consolidation. Later, the price broke resistance 2, which coincided with one more resistance zone and some time traded near. After this, the price turned around and rebounded up to the trend line and then started to decline. In a short time, the price fell to resistance 2, after which broke it and continued to move down between trend line. Soon, the price fell to resistance 1, broke it too, and continued to fall next. At the moment, Gold trades near the trend line and I expect that XAUUSD will break the trend line, after which continue to decline next between this line. Therefore I set my goal at 2500 points. If you like my analytics you may support me with your like/comment ❤️

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Okay! Gold little grew, so, now I expect that it will continue to decline next.