GOLD - Price can correct to support line and start to rise
Updated
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to rising channel, where it rose to $2715 level and broke it, after which made retest.
Then it rose to resistance line of channel, after which little declined and then continued to grow.
When price rose to $2790 points, it turned around and started to decline, thereby exiting from channel.
Gold continued to fall inside triangle, where it fell until to $2537 points, breaking $2715 and $2605 levels.
Price rose to resistance line, breaking $2605 level, after which made correction and now XAU rising near support line.
Possibly, Gold can bounce up from support line to $2715 resistance level, exiting from triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price entered to rising channel, where it rose to $2715 level and broke it, after which made retest.
Then it rose to resistance line of channel, after which little declined and then continued to grow.
When price rose to $2790 points, it turned around and started to decline, thereby exiting from channel.
Gold continued to fall inside triangle, where it fell until to $2537 points, breaking $2715 and $2605 levels.
Price rose to resistance line, breaking $2605 level, after which made correction and now XAU rising near support line.
Possibly, Gold can bounce up from support line to $2715 resistance level, exiting from triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Okay, Gold rose a little. Maybe it can continue growing to my target, exiting from the triangle. We'll see.
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