GOLD - Price can bounce up from support line to resistance level
Updated
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
After price started to trades inside rising channel, it at once rose to $2730 level from $2610 level.
Then price broke it and some time traded inside resistance area, where it made a gap and later grew to resistance line.
Next, price turned around and started to decline inside falling channel, exiting from rising channel.
In falling channel, Gold broke $2730 level and some time later reached $2610 level and some time traded near it.
Recently price broke it and fell to support line of channel, but a not long time ago it bounced up.
So, in my mind, Gold can fall to support line again and then bounce up to $2610 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
After price started to trades inside rising channel, it at once rose to $2730 level from $2610 level.
Then price broke it and some time traded inside resistance area, where it made a gap and later grew to resistance line.
Next, price turned around and started to decline inside falling channel, exiting from rising channel.
In falling channel, Gold broke $2730 level and some time later reached $2610 level and some time traded near it.
Recently price broke it and fell to support line of channel, but a not long time ago it bounced up.
So, in my mind, Gold can fall to support line again and then bounce up to $2610 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Gold rose a little, as I said yesterday. So, I kept waiting until it reaches my target, which is the $2610 resistance level.Note
I'm still waiting for Gold to rise to my target.
💎 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.