Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Some time ago price made upward impulse and reached $2670 resistance level, which coincided with resistance zone.
Next, price broke this level, and entered to triangle, where it declined to $2605 support level, breaking $2670 level.
In triangle, price trades tried to back up, but failed and fell below support line, exiting from triangle pattern.
Then Gold in a short time rose to $2726 points, breaking resistance level, after which started to decline inside pennant.
Inside this pattern, price declined to $2583 points, breaking $2670 and $2605 levels, but recently broke $2605 level again.
I think that Gold can decline to support line and then bounce up to $2660, leaving pennant pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price made upward impulse and reached $2670 resistance level, which coincided with resistance zone.
Next, price broke this level, and entered to triangle, where it declined to $2605 support level, breaking $2670 level.
In triangle, price trades tried to back up, but failed and fell below support line, exiting from triangle pattern.
Then Gold in a short time rose to $2726 points, breaking resistance level, after which started to decline inside pennant.
Inside this pattern, price declined to $2583 points, breaking $2670 and $2605 levels, but recently broke $2605 level again.
I think that Gold can decline to support line and then bounce up to $2660, leaving pennant pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
đź’Ž 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.
đź’Ž 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.