GOLD - Price can make move up and then fall to support area
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price broke $2640 level and then declined a little, after which turned around and started to grow inside channel.
In channel, price reached support area and then bounced to support line of channel, and then rose higher than $2640 level, breaking it.
Next, Gold corrected and then continued to grow to resistance line of channel, after which made a small correction again.
Price rose to $2720 level, broke it, and madea retest, after which it soon exited from rising channel as well.
After this movement, Gold rose a little higher and then started to decline, so, now I think it can rise a little.
Then Gold can continue to decline to $2710, which is located in support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price broke $2640 level and then declined a little, after which turned around and started to grow inside channel.
In channel, price reached support area and then bounced to support line of channel, and then rose higher than $2640 level, breaking it.
Next, Gold corrected and then continued to grow to resistance line of channel, after which made a small correction again.
Price rose to $2720 level, broke it, and madea retest, after which it soon exited from rising channel as well.
After this movement, Gold rose a little higher and then started to decline, so, now I think it can rise a little.
Then Gold can continue to decline to $2710, which is located in support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💎 We are provide daily Crypto and Forex (include Gold) signals.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.