GOLD - Price can exit from triangle and rise to $2700 points
Updated
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to flat, where it some time traded near support area and then fell to bottom part.
After this, Gold made upward impulse, thereby exiting from flat and breaking $2530 level, and then entered to triangle.
Soon, price broke $2625 level and reached resistance line of triangle, after which made correction.
Price some time traded near $2625 level and even fell to support line of triangle, but soon backed up, making a fake breakout.
Also recently, Gold made a gap and now trades close to resistance line of triangle, so, I think it can make a little correction firstly.
Then price turns around and bounces up to $2700, thereby exiting from a triangle pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price entered to flat, where it some time traded near support area and then fell to bottom part.
After this, Gold made upward impulse, thereby exiting from flat and breaking $2530 level, and then entered to triangle.
Soon, price broke $2625 level and reached resistance line of triangle, after which made correction.
Price some time traded near $2625 level and even fell to support line of triangle, but soon backed up, making a fake breakout.
Also recently, Gold made a gap and now trades close to resistance line of triangle, so, I think it can make a little correction firstly.
Then price turns around and bounces up to $2700, thereby exiting from a triangle pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Okay! Gold made little movement down, so, now it can bounce up to my target, thereby exiting from triangle.Trade active
Good! Gold exited from the triangle and almost reached my target. Still waiting when it finally reaches it.
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