Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Some days ago price started to decline in falling channel, where it declined to $1965 support level, which coincided with support area.
After this, Gold bounced to resistance line, but soon bounced of this line and in a short time fell lower than $1965 level, breaking it.
Also then, price reached support line, bounced, and started to move up to $2035 resistance level, exiting of channel and breaking $1965 again.
When price rose to $2035 level, it broke it and made impulse to $2145, after which fell back to support line.
Now, Gold trades near this level and I think price can fall to support line and then bounce up to $2080, thereby breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price started to decline in falling channel, where it declined to $1965 support level, which coincided with support area.
After this, Gold bounced to resistance line, but soon bounced of this line and in a short time fell lower than $1965 level, breaking it.
Also then, price reached support line, bounced, and started to move up to $2035 resistance level, exiting of channel and breaking $1965 again.
When price rose to $2035 level, it broke it and made impulse to $2145, after which fell back to support line.
Now, Gold trades near this level and I think price can fall to support line and then bounce up to $2080, thereby breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.
🔶 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
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
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.