Hi folks today I’m prepared for you GOLD analytics. After the creation of the support zone 1805-1805 last month, the price began to move in an upward local trend. Gold broke through resistance at the level 1895 and after a retest of the current support level , the price continued to rise. The price reached the resistance level 2010, bounce back and fell to the support zone 1950-1935. After some time, the price created a descending triangle and is now traded in the inside of it. Recently, the price re-tested the support zone of the triangle and continued to rise. Now the price is trading below the resistance level of the triangle and can continue moving, break through it and fixed in higher. It seems to me that after breakdown the resistance of the triangle, the price may continue to rise. Consequently, the targets will be set at level 1985 which coincide with resistance of triangle and at level 2010. If you like my analytics you can support me with your like/comment
