HelenP. I Gold will make impulse up of trend line to $2075 level

10 Jan

Hi folks today I'm prepared for you Gold analytics. Some days ago price declined to the trend line, thereby breaking the support level, which coincided with the support zone, but when XAU reached this line, it at once rebounded up. Then Gold made an upward strong impulse up to the resistance zone, thereby breaking 1975 and 2075 levels, but soon declined below the 2075 level, breaking it again. Next, the price continued to decline to the trend line, which coincided with the support level, after this price rebounded and in a short time rose back to the resistance zone again. Soon, Gold rebounded from this zone and declined below the 2075 level to the trend line, but at the moment it has not reached this line. Now price continues to decline inside a wedge, and in my opinion, Gold will reach the trend line and then make an impulse up to the 2075 resistance level. That's why this level is my target. If you like my analytics you may support me with your like/comment ❤️