HelenP. I Gold will rise a little and then start to decline

2024年10月6日

Hi folks today I'm prepared for you Gold analytics. A few moments ago price rebounded from the support zone, which coincided with support 2 and fell to the trend line. Next, it started to grow and even rose a little higher than support 2, but soon dropped back to the trend line. Some time later, XAU grew near this line to support 2, broke it, and rose until to 2590 points, after which made a correction to the trend line. Then price made impulse up to support 1, which coincided with one more support zone, and some time traded there. Later, Gold broke this level and started to trades in consolidation, where it first reached the top part and then made a correction back to support 1. After this, the price tried to grow back, but failed and declined to the trend line. But recently, XAU bounced from this line, and at the moment it trying to grow, therefore I expect that XAUUSD will rise a little more and then start to decline to the support level, thereby breaking the trend line. Then it can exit from consolidation, breaking the support level too and continue to fall. For this reason, I set my goal at 2610 points. If you like my analytics you may support me with your like/comment ❤️

2024年10月7日

交易進行

Gold declined to almost the trend line and then bounced up. For this reason, I expect that it can make small movements up and then will move like I said yesterday.