Gold Spot / U.S. Dollar
Long
Updated

GOLD - Price can correct to support level and continue to grow

1 258
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in commentsđź‘Š

Some time ago price started to grow inside a rising channel, where it reached the $2880 level and broke it.

Next price bounced from this level and some time rose in the channel, but then it made a correction, exiting from this channel.

After this, price turned around and continue to move up in another rising channel, where later it reached $3000 level.

Then Gold broke this level and made retest, after whcih it rose to resistance line of channel and then fell to support area.

Recently price started to decline, so, I think that Gold can decline to the support level and then bounce up to $3095

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Trade active
Very well! The price bounced from the support area and continued to grow in the rising channel. So, I think it can soon rise to my target, which coincides with the channel's resistance line.
Trade closed: target reached
Nice! Price continued move up in channel!

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