HelenP. I Gold will rebound from resistance level and start fall

27 févr. 2024

Hi folks today I'm prepared for you Gold analytics. Some days ago price broke the resistance level, which coincided with the resistance zone and rose to the trend line, but soon it turned around and in a short time declined back, breaking the 2040 level again. In a short time later, Gold rose to the resistance zone and then continued to decline to the support level, which coincided with the support zone, but when XAU reached this level, the price broke it and declined even lower than the support zone. Next, Gold turned around and rose back to the 2000 level, broke it again, and later made a retest, after which continued to rise. But a not long time later, Gold made a correction to 2016 points, after which it made impulse up to the resistance level, which coincided with the trend line, but recently XAU rebounded and declined below. Now, the price trades near the trend line, and for my mind, Gold will rise to the resistance level, after which the price can turn around and start to move down. That's why I set my target at the 2015 level. If you like my analytics you may support me with your like/comment ❤️