GOLD - Price can make small move up and bounce down to $2540
Updated
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Some time ago price moved up inside the rising channel, where it at once fell below $2500 support level, breaking it.
Later price grew to resistance line of channel, but then declined back to support line and soon repeated movement up.
Gold broke $2500 level and later rose to next support level, and when it reached this level it broke it and exited from flat.
Next, price started to trades inside flat, where it rose to top part and after some time traded near it made correction.
Recently XAU bounced back and now tried to grow higher and I think it can rise a little more and then bounce down to $2540
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price moved up inside the rising channel, where it at once fell below $2500 support level, breaking it.
Later price grew to resistance line of channel, but then declined back to support line and soon repeated movement up.
Gold broke $2500 level and later rose to next support level, and when it reached this level it broke it and exited from flat.
Next, price started to trades inside flat, where it rose to top part and after some time traded near it made correction.
Recently XAU bounced back and now tried to grow higher and I think it can rise a little more and then bounce down to $2540
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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Gold made a correction movement, but soon turned around and started to move up. Now it is located at $2610 points and I think that it can rise a little and then begin to decline to $2560 points.
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