HelenP. I Gold may fall to support of channel

2023년 4월 25일

Hi folks today I'm prepared for you GOLD analytics. After breaking through the resistance zone 1990-2000 at the beginning of the month, Gold continued a local uptrend. The price reached resistance at the level 2050, from where it rebounded and began to decline. The price started a local downtrend and subsequently was formed a downward channel, inside which it is currently trading. Gold broke through the current support zone and continued to fall. Recently, the price made a slight correction, re-tested the resistance of the channel corresponding to the resistance zone and continued to move down. Currently, Gold is trading below the resistance zone and may continue a local downtrend. It seems to me that the price may fall to the support of the channel. So the goals for Gold will be set at level 1960 and in the support zone 1945-1935, which is in line with the support of channel. If you like my analytics you may support me with your like/comment ❤️