Analysis for beginners: the price of Gold hits the trend line

The gold price reached a high of 1295,00. The latest outbreak resulted in a decline that led the price to 1217,00.

This has led to that we could update the trend line and the other hit was made on 9 may, the level of 1,214.17. Right now, we see that the price hits the trend line.

The chart shows a recovery, but trading is similar to yesterday’s session. We see that the price clearly bouncing from the trend line several times. Would the level 1260,00 be broken, so the attack on 1295,00 significantly stronger.

Broken the trendline, sentiment changed.

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