HelenP. I Gold has made deep correction and may continue to fall

Apr 20, 2023

Hi folks today I'm prepared for you Gold analytics. Having reached the level 1885 in the middle of last month, Gold began an upward movement and rose to the level of 2010. The price rebounded from resistance at 2010 level, broke through support 1970, and continued to decline. Subsequently, Gold created a symmetrical triangle and after a re-test of the support line, the price began to rise, broke through the resistance line and left it. After a deep correction, the price continued to rise and broke through resistance at the level 2010. Gold almost reached the mark of 2050, but below the price created a resistance zone 2040-2049, from which a began local downtrend. The price broke through the current support at the level 2010 and, after a slight correction, continued to decline. Recently, the price did retest a support 1970 and went up. It seems to me that this is a possible deep correction and Gold may continue to fall. Therefore, goals for Gold will be set at levels 1980 and 1970. Therefore, the target will be set at level 28745. If you like my analytics you may support me with your like/comment ❤️