GOLD - Price can continue to grow inside rising channel
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price traded inside flat, where it made a gap and then bounced up, thereby exiting from this pattern.
Next, price started to decline inside falling channel, where Gold broke $2740 level and fell to $2660 level.
Price tried to grow, but failed and declined more, until to $2610 points, after which exited from falling channel.
Then price fell to $2535 points, after which Gold started to grow inside rising channel, where it broke $2580 and $2660 levels.
Next, price rose to resistance line of channel and made correction to $2660 level, after which continued to rise.
I think that price can correct to support level again and then continue to grow to $2740 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price traded inside flat, where it made a gap and then bounced up, thereby exiting from this pattern.
Next, price started to decline inside falling channel, where Gold broke $2740 level and fell to $2660 level.
Price tried to grow, but failed and declined more, until to $2610 points, after which exited from falling channel.
Then price fell to $2535 points, after which Gold started to grow inside rising channel, where it broke $2580 and $2660 levels.
Next, price rose to resistance line of channel and made correction to $2660 level, after which continued to rise.
I think that price can correct to support level again and then continue to grow to $2740 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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