GOLD - Price can correct and then continue to grow in channel
Updated
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price bounced from $2710 resistance level and in a short time declined to $2536 points, breaking $2615 level.
Price started to grow inside a rising channel, where it soon broke $2615 level one more time and rose to resistance area.
But then, price corrected to support level, after which some time traded near it and then continued to grow.
In a short time, Gold rose to resistance level and then entered to resistance area, but later bounced down.
Thereby price makes a fake breakout of $2710 level, so, now I think that XAU can decline a little more.
After this, price can turn around and then rise to $2760, breaking resistance level inside a rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price bounced from $2710 resistance level and in a short time declined to $2536 points, breaking $2615 level.
Price started to grow inside a rising channel, where it soon broke $2615 level one more time and rose to resistance area.
But then, price corrected to support level, after which some time traded near it and then continued to grow.
In a short time, Gold rose to resistance level and then entered to resistance area, but later bounced down.
Thereby price makes a fake breakout of $2710 level, so, now I think that XAU can decline a little more.
After this, price can turn around and then rise to $2760, breaking resistance level inside a rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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Great! Gold declined a little, so, now I expect that it continue to grow inside a rising channel.
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