Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
The price started to grow inside the rising channel, first reaching the support line and then rising to the $2835 support level.
Next, Gold broke this level and continued to move up and rose to $2930 level, after which started to fall in wedge.
Gold exited from a channel and continued to decline near support line of wedge, but later it bounced to resistance area.
Long time XAU trades in this area and reached resistance line of wedge, after which turned around and started to fall.
Price broke $2930 level and fell to support line of wedge, after which bounced and made a gap.
So, I expect that Gold can correct little and then rise to $2930 level, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
The price started to grow inside the rising channel, first reaching the support line and then rising to the $2835 support level.
Next, Gold broke this level and continued to move up and rose to $2930 level, after which started to fall in wedge.
Gold exited from a channel and continued to decline near support line of wedge, but later it bounced to resistance area.
Long time XAU trades in this area and reached resistance line of wedge, after which turned around and started to fall.
Price broke $2930 level and fell to support line of wedge, after which bounced and made a gap.
So, I expect that Gold can correct little and then rise to $2930 level, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
GREAT! Gold exited from the wedge and almost reached resistance level. In my opinion, price can make small correction and then continue to grow!Trade closed: target reached
Target was reached, so great!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💎 We are provide daily Crypto and Forex (include Gold) signals.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.