GOLD - After correct to support line, price can bounce to $2930
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price started to grow inside upward wedge, and soon reached $2855 level and broke it, after which made retest.
Then Gold some time traded near this level, corrected to support area and then continued to move up.
Later it reached resistance line of wedge, before making a gap, after which price turned around and dropped.
Price almost fell to support line of wedge and then bounced up to resistance area, after which quickly fell back.
Next, price in a short time rose to resistance line of wedge, breaking $2930 level, but then started to decline.
In my opinion, after a breakout of $2930 level, Gold can bounce up to $2970 from support line and exit from wa edge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to grow inside upward wedge, and soon reached $2855 level and broke it, after which made retest.
Then Gold some time traded near this level, corrected to support area and then continued to move up.
Later it reached resistance line of wedge, before making a gap, after which price turned around and dropped.
Price almost fell to support line of wedge and then bounced up to resistance area, after which quickly fell back.
Next, price in a short time rose to resistance line of wedge, breaking $2930 level, but then started to decline.
In my opinion, after a breakout of $2930 level, Gold can bounce up to $2970 from support line and exit from wa edge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.
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.