HelenP. I Gold will make impulse from support level to $2360

Hi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price some time ago broke the support level, which coincided with the support zone, and made a retest. After this, XAU continued to move up and later reached the resistance level, which coincided with the resistance zone, and soon broke this level too, after which rose to the trend line. Next, the price turned around and started to decline inside the downward channel, and made at once impulse down to the support line, breaking the 2385 level again, and even made a fake breakout of the support line of the channel. After this movement, the price quickly rose to the resistance level, which coincided with the trend line, which is the resistance line too and then rebounded down to the support zone. Then Gold in a short time rose back and even a little higher than the trend line, but a not long time ago, the price turned around and fell back to the channel, making a fake breakout of the resistance line. Now, I expect that XAUUSD will fall to the support level and then repeat movement up, higher than the trend line, thereby exiting from the channel. That's why I set my target at 2360 points. If you like my analytics you may support me with your like/comment ❤️

Comment:

For my mind, Gold can decline to the support level and then start to grow to the trend line, after which it breaks it and continues to rise