HelenP. I Gold will rise a little and then drop to support level

23 ott 2024

Hi folks today I'm prepared for you Gold analytics. A little while back, the price hit support 2, which matched up perfectly with the support zone. It spent some time trading in that area before it dipped down to the trend line. After that, it kicked off a nice rally, growing inside this pennant pattern, and soon came back to support 2. It broke through that level, shot up a bit more, and then made a small correction. After that pullback, Gold kept its upward momentum and hit support 1, which was another support zone. But then it reversed course and quickly dropped down to the trend line again. Once it hit that line, the price rebounded and broke out of the pennant, pushing up to support 1 once more. When it reached that level, it broke through and kept climbing higher. Now, I'm expecting XAUUSD to make a little move up before it takes another dip. My target is set at the 2685 support level, so I’m keeping an eye on that for the next move. If you like my analytics you may support me with your like/comment ❤️

24 ott 2024

Trade attivo

Great! Gold is a little fell and almost reaches the support zone. So, I expect that it can rise a little and then continue to decline to 2680 points, which coincides with the trend line, thereby breaking the support level:

25 ott 2024

Trade attivo

Okay! Gold rose a little and then continued to decline. For this case, I expect that later it can fall to the support level, where is locate my goal.