HelenP. I Gold can drop to $2350 points, breaking support level

2024年7月12日

Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price a few moments ago reached support 1, which coincided with the support zone and at once dropped to support 2. Also, the price fell to one more support zone, which coincided with support 2, but soon turned around and started to trades near this level. After a few moments, the price rose to 2368 points and then made an impulse down to the trend line, which is located inside the support zone. Then the price started to grow near this line and in a short time rose from the support zone to support 1, but when XAU touched this level, it at once rebounded and made a correction to the trend line. Next, the price rebounded from this line and finally broke support 1 and rose to 2424 points, but recently Gold started to decline. For my mind, XAUUSD will decline to the trend line, after which make a small movement up and then break the support level with the trend line. Then Gold can continue to decline, therefore I set my goal at 2350 points.If you like my analytics you may support me with your like/comment ❤️

2024年7月13日

註釋

Price rebounded a little up, not declining as I showed, for this case, I think Gold can fall to the support level now, break it, and continue to decline lower even the trend line