Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price started to decline to falling channel and soon reached $2880 level and then rose to the resistance line.
Then price bounced and in a short time declined to support line of the channel breaking $2880 level.
But soon, Gold bounced from line and broke $2880 level again and some time traded near resistance line.
Next, price made a correction to $2880 level and then started to grow and soon exited from falling channel.
After this Gold reached $3025 level, broke it, and is now traded near this level, which coincides with support line.
So, in my opinion, Gold can decline to support area and then it bounce up to $3085, breaking the support line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to decline to falling channel and soon reached $2880 level and then rose to the resistance line.
Then price bounced and in a short time declined to support line of the channel breaking $2880 level.
But soon, Gold bounced from line and broke $2880 level again and some time traded near resistance line.
Next, price made a correction to $2880 level and then started to grow and soon exited from falling channel.
After this Gold reached $3025 level, broke it, and is now traded near this level, which coincides with support line.
So, in my opinion, Gold can decline to support area and then it bounce up to $3085, breaking the support line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Gold declined below the support line and touched the support area and then started to grow. So, I expect that it continue to move up, breaking the support line again and reaching my target.Trade closed: target reached
Yes! Price fell to support area and then started to grow. For this case, I expect that it will continue to grow!
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đź’Ž 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.