Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
The chart shows how the price rose in a rising channel, reaching the $2925 level before breaking it.
Then it touched resistance line of channel and made correction to $2925 level, where it some time traded.
After this, price moved up and then started to decline inside a triangle, where it soon exited from channel.
Next, price broke $2925 level and declined until to support line of the triangle, breaking $2880 level too.
But soon, Gold made strong movement up, breaking $2880 level and rose to resistance level, after which it corrected.
Now, I think that XAU can exit from a triangle, fall to support level and then start to grow to $2940
If this post is useful to you, you can support me with like/boost and advice in comments❤️
The chart shows how the price rose in a rising channel, reaching the $2925 level before breaking it.
Then it touched resistance line of channel and made correction to $2925 level, where it some time traded.
After this, price moved up and then started to decline inside a triangle, where it soon exited from channel.
Next, price broke $2925 level and declined until to support line of the triangle, breaking $2880 level too.
But soon, Gold made strong movement up, breaking $2880 level and rose to resistance level, after which it corrected.
Now, I think that XAU can exit from a triangle, fall to support level and then start to grow to $2940
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
GOOD! Price almost reached resistance level! For this case, I think it can exit from a triangle, break this level, and continue to grow.Trade closed: target reached
Price continued to trade near the resistance level, and I expect it will soon break it and continue to grow.
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đź’Ž 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.