GOLD - Price can fall from top part of flat to support area
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Some time ago price entered to rising channel, where it at once fell to support line, breaking $2385 level.
Soon, price rose higher than $2385 level, breaking it again, and then rose to resistance line of channel, and made a fake breakout.
Next, price declined to $2385 level and later bounced up to $2475 level and soon broke it, exiting then from channel too.
After this, Gold started to trades inside flat, where it some time traded between top and bottom parts.
Now, price trades near top part of flat and I think it can rise a little more and then bounce down to $2465 support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price entered to rising channel, where it at once fell to support line, breaking $2385 level.
Soon, price rose higher than $2385 level, breaking it again, and then rose to resistance line of channel, and made a fake breakout.
Next, price declined to $2385 level and later bounced up to $2475 level and soon broke it, exiting then from channel too.
After this, Gold started to trades inside flat, where it some time traded between top and bottom parts.
Now, price trades near top part of flat and I think it can rise a little more and then bounce down to $2465 support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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