HelenP. I Gold will make correction movement, after impulse up

2024年8月18日

Hi folks today I'm prepared for you Gold analytics. Some time ago price declined to the trend line and at once rebounded and quickly rose to support 2, which coincided with the support zone. Soon, XAU broke this level and then made impulse up to support 1, which coincided with one more support zone, but when it entered to this area, it at once turned around and dropped to the trend line. Then the price broke this line and fell to the support zone, after which turned around and rebounded up higher than the trend line to support 1. But later, the price dropped back, breaking the trend line one more time, after which it almost declined to support 2 and then started to grow. In a short time, the price rose to support 1, broke it and some time traded inside the support zone, but then fell a little below. A not long time ago Gold repeated movement up, broke the support level again, and the trend line later too. At the moment, I expect that XAUUSD will rise a little more and then make a correction movement to the support level, breaking the trend line again. For this case, my goal is a 2465 support level. If you like my analytics you may support me with your like/comment ❤️

2024年8月19日

交易進行

Great! Gold almost fell to the trend line, so, I still waiting when it to reach this line, to break it, and continue to fall to the support level.