GOLD - Price can continue to grow inside rising channel
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
A few moments ago price entered to pennant, where it at once bounced up from support line and rose to $2625 level.
Soon, price broke this level, and quickly reached resistance line of pennant, but then made correction back.
After this, price rose to resistance line and some time traded near, after which bounced down, exiting from pennant.
Also, Gold broke $2625 level, but soon started to grow inside rising channel and later broke this level one more time.
Inside channel, price made a gap and some time later reached resistance line, breaking $2720 level and recently making correction.
Now, I think that Gold can firstlty fall to support level and then continue to grow to $2785
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price entered to pennant, where it at once bounced up from support line and rose to $2625 level.
Soon, price broke this level, and quickly reached resistance line of pennant, but then made correction back.
After this, price rose to resistance line and some time traded near, after which bounced down, exiting from pennant.
Also, Gold broke $2625 level, but soon started to grow inside rising channel and later broke this level one more time.
Inside channel, price made a gap and some time later reached resistance line, breaking $2720 level and recently making correction.
Now, I think that Gold can firstlty fall to support level and then continue to grow to $2785
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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