FirstNameHelen

HelenP. I Gold can rebound from support zone to $2350 trend line

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi folks today I'm prepared for you Gold analytics. A few moments ago price rebounded from the trend line and in a short time rose to the support level, which coincided with the support zone. Soon, the price broke this level and started to trades inside consolidation, where it at once rose to the top part, but soon turned around and made a correction movement. After this, Gold tried to back up, but failed and declined to support level, which coincided with the trend line as well, after which XAU turned around and some time traded near this line. Later price broke the trend line and declined to the support zone, but soon it rebounded up and rose almost to the trend line. But recently price fell back and now Gold trades very close to the support level, so, I expect that XAU will decline to the support zone and then rebound up to the trend line inside consolidation. For this reason, I set my target at 2350 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️

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