HelenP. I Gold can reach resistance level and then start fall

Nov 3

Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price declined to the support level, which coincided with the support zone and broke it, after which started to trades between this level. Later, Gold rebounded from this level and dropped to the trend line, after which started to trades inside the upward channel, where it soon reached the 2655 support level and broke it again. Also, the price made a first gap, after which continued to move up to the resistance line of the channel, and even reached the resistance level, which coincided with the resistance zone. After this, Gold dropped a little and then continued to move up to the resistance level, making a second gap inside the upward channel. When the price reached the 2755 level, it broke it and rose a little more, after which turned around and dropped. Price exited from the channel and broke the trend line too, after which made a retest and now it declined. For this case, I expect that XAUUSD will grow to a resistance level and then start to decline. Therefore I set my goal at 2710 points. If you like my analytics you may support me with your like/comment ❤️

Nov 4

Trade active

Okay! Price little rose, so, I think it can reach resistance level and then start to decline to my goal:

Nov 5

Trade active

Price little declined, for this case, I think it will rise almost to resistance level and then start to decline to my goal.

Nov 6

Trade closed: target reached

Very well! Gold dropped to my goal and even fell lower.