GOLD - Price can little correct and then continue grow in wedge
Updated
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price bounced from $2720 resistance level and tried to grow, but failed and started to decline inside wedge.
In wedge, price broke $2720 level and dropped to support line of wedge, breaking $2595 level as well.
After this, price made upward impulse to $2720 level, breaking $2595 support level again and then made correction.
Gold rose to resistance level again and then corrected to support level, where some time traded near.
Recently, price started to grow from support line of wedge and I think it can make correction movement.
Then Gold can turn around and continue to move up to $2690 resistance line of wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price bounced from $2720 resistance level and tried to grow, but failed and started to decline inside wedge.
In wedge, price broke $2720 level and dropped to support line of wedge, breaking $2595 level as well.
After this, price made upward impulse to $2720 level, breaking $2595 support level again and then made correction.
Gold rose to resistance level again and then corrected to support level, where some time traded near.
Recently, price started to grow from support line of wedge and I think it can make correction movement.
Then Gold can turn around and continue to move up to $2690 resistance line of wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Okay! Gold almost reached the wedge resistance line, so I am still waiting for this to happen.
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