HelenP. I Gold will rebound from support zone and start move up

Oct 2

Hi folks today I'm prepared for you Gold analytics. A few moments ago price declined to support 2, which coincided with the support zone, and some time traded near until it broke this level which trend line. Then the price turned around and started to grow inside the upward channel, where it soon broke support 2 and later reached the trend line. After this, Gold broke this line and tried to grow more, but failed and dropped to the support line of the channel. Then it rebounded up, breaking the trend line, and reached support 1, which coincided with one more support zone. XAU broke this level and some time traded inside the support area, after which rebounded up to the resistance line of the channel and some time traded close, after which turned around and dropped below the trend line. Then price fell to the support zone, but a not long time ago bounced up to the trend line and then started to decline. For this case, I expect that Gold will fall to the support zone and then rebound up, higher than the trend line, breaking it and continuing to grow. For this case, I set my goal at 2700 points. If you like my analytics you may support me with your like/comment ❤️