GOLD - Price can turn around and start to fall to support level
Updated
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price declined to support line and then at once bounced and started to grow near this line.
In a short time, price rose to $2625 level, broke it, and later made a retest, after which bounced up to $2665 level.
Price some time traded near this level and even broke it, but soon turned around and broke it with support line.
Then Gold continued to decline inside falling channel, where it firstly declined to support line and then bounced up.
After this, price reached $2665 level, but at once made correction and then backed up, after which fell again.
Now it rising, so, I think Gold can enter to resistance area and then bounce down to $2625 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price declined to support line and then at once bounced and started to grow near this line.
In a short time, price rose to $2625 level, broke it, and later made a retest, after which bounced up to $2665 level.
Price some time traded near this level and even broke it, but soon turned around and broke it with support line.
Then Gold continued to decline inside falling channel, where it firstly declined to support line and then bounced up.
After this, price reached $2665 level, but at once made correction and then backed up, after which fell again.
Now it rising, so, I think Gold can enter to resistance area and then bounce down to $2625 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Gold almost fell to the support level(my target), but a short time ago, it bounced up. So, I think it can rise a little more and then continue to decline and finally reach my target.Trade closed: target reached
Great! Price reached my target ($2625) and even broke the support level and fell below.
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