GOLD - Price can rise a little and then make correction movement
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price grew inside rising channel, where it at once broke $2600 level and continued to grow next.
Soon, price reached $2635 level, but at once turned around and made a small correction, after which continued to grow.
Price reached $2635 level again and then dropped to support area, exiting from a channel and entering to wedge.
In wedge, price made an upward impulse from support line to resistance line, breaking $2600 with $2635 levels.
Gold made a correction to support line, and then bounced up to resistance line and recently exited from wedge too.
Now, in my mind, XAU can rise a little and then make a correction movement to $2645
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price grew inside rising channel, where it at once broke $2600 level and continued to grow next.
Soon, price reached $2635 level, but at once turned around and made a small correction, after which continued to grow.
Price reached $2635 level again and then dropped to support area, exiting from a channel and entering to wedge.
In wedge, price made an upward impulse from support line to resistance line, breaking $2600 with $2635 levels.
Gold made a correction to support line, and then bounced up to resistance line and recently exited from wedge too.
Now, in my mind, XAU can rise a little and then make a correction movement to $2645
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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