HelenP. I Gold can leave consolidation and rise to $2555 points

8月26日

Hi folks today I'm prepared for you Gold analytics. Recently price declined to the trend line and at once rebounded and in a short time rose to the support zone, which coincided with support 2. Next, Gold broke this level and rose a little more, but soon turned around and made a correction movement back to support 1, which coincided with the trend line too. Then price rebounded and made impulse up to support 1, which coincided with one more support zone, broke this level, and some time traded near. Gold even made a fake breakout and also it started to trades in consolidation. Inside the range, it rose to the top part, after which started to decline and fell lower to support 1 with the trend line. But soon, XAU backed up and today it trades near the top part of consolidation again. So, I expect that XAUUSD will fall to the trend line and then rebound up, exiting from consolidation. After this, I think, the price can continue to grow, therefore I set my goal at 2555 points. If you like my analytics you may support me with your like/comment ❤️