Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it at once broke $2375 level and fell to support line of channel.
Then price some times tried to rise, but anyway fell back to support line, which coincided with $2320 level.
Later Gold made upward impulse higher than $2375 level, breaking it and exiting from falling channel.
Soon, price turned around and quickly declined lower than $2375 and $2320 levels inside pennant.
Also recently, price turned around and started to grow, so, in my mind, price can exit from pennant and reach resistance level.
After this, Gold can break $2320 resistance level and continue to grow to $2340
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to falling channel, where it at once broke $2375 level and fell to support line of channel.
Then price some times tried to rise, but anyway fell back to support line, which coincided with $2320 level.
Later Gold made upward impulse higher than $2375 level, breaking it and exiting from falling channel.
Soon, price turned around and quickly declined lower than $2375 and $2320 levels inside pennant.
Also recently, price turned around and started to grow, so, in my mind, price can exit from pennant and reach resistance level.
After this, Gold can break $2320 resistance level and continue to grow to $2340
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Note
Nice, price exited from pennant and reached resistance level. Now it trades close to this level, so, in my mind, little later Gold can break resistance level and then continue to grow
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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
💎 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
💎 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.