Złoto / Dolar USA
Long

HelenP. I Gold can make small correction and then rebound up

540
Hi folks today I'm prepared for you Gold analytics. A short time ago price started to trade inside from consolidation, where it first fell to the 1905 level, which coincide with the resistance zone and bottom part of this range. After this movement, Gold at once started to rise and soon reached the top part of the consolidation, exited from it, and rose to the trend line. Then price made the correction and at once bounced up, breaking the trend line, but later continued to decline. A few moments later, Gold broke the 1905 level and fell to the resistance zone, where the price at once bounced up and tried to rise, but failed and declined more. Also soon, Gold broke the trend line and some time fell below this line, but not a long time ago it backed up and even made a retest. At the moment Gold trades very close to the trend line and I expect that the price can make a correction below the trend line and then rebound up. For this case, I set up my target at the 1890 level. If you like my analytics you may support me with your like/comment ❤️

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