GOLD - Price can fall a little and then continue to move up next
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Some days ago price dropped from $2705 level and fell to $2536 points, breaking $2610 level and entering to triangle.
In this pattern, price at once made an upward impulse to resistance area and then made correction movement.
After correction, price some time traded near $2610 level and then exited from triangle and rose back to resistance area.
Then Gold turned around and dropped to support area, after which started to grow inside a rising channel.
In channel, price broke $2610 with $2705 levels and now trades very close to $2705 level in resistance area.
So, I think that Gold can fall a little below than support level and then continue to grow to $2750 points in rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price dropped from $2705 level and fell to $2536 points, breaking $2610 level and entering to triangle.
In this pattern, price at once made an upward impulse to resistance area and then made correction movement.
After correction, price some time traded near $2610 level and then exited from triangle and rose back to resistance area.
Then Gold turned around and dropped to support area, after which started to grow inside a rising channel.
In channel, price broke $2610 with $2705 levels and now trades very close to $2705 level in resistance area.
So, I think that Gold can fall a little below than support level and then continue to grow to $2750 points in rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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