GOLD - Price can exit from pennant and then bounce up
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price entered to falling channel, where soon broke $2720 level and then fell to support line.
After this, price rose to resistance line and then continued to fall, until it broke $2610 level and fell to $2536 points.
Then price turned around and started to grow in pennant, exiting from falling channel and soon breaking $2610 level.
Later Gold rose to resistance level, which coincided with resistance line of pennant, which bounced down.
Next, price was corrected to support level and some time traded near, and at the moment, XAU trades close support line.
In my mind, price can leave pennant and then bounce up to $2720 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price entered to falling channel, where soon broke $2720 level and then fell to support line.
After this, price rose to resistance line and then continued to fall, until it broke $2610 level and fell to $2536 points.
Then price turned around and started to grow in pennant, exiting from falling channel and soon breaking $2610 level.
Later Gold rose to resistance level, which coincided with resistance line of pennant, which bounced down.
Next, price was corrected to support level and some time traded near, and at the moment, XAU trades close support line.
In my mind, price can leave pennant and then bounce up to $2720 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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