Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price rose to resistance line, after which turned around and started to decline to support level.
In a short time, it fell below $2615 level and then started to trades between this level, after which started to grow in channel.
Soon, price broke $2615 level and continued to move up near support line of channel and later rose to $2725 level.
Then Gold broke this level, made retest, and rose to resistance line, but then it made a correction movement.
Next, price continued to move up and later rose back to resistance line of channel and then reached $2835 level.
Recently it exited from a channel, therefore I think that Gold can break support level and continue to fall to $2770
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price rose to resistance line, after which turned around and started to decline to support level.
In a short time, it fell below $2615 level and then started to trades between this level, after which started to grow in channel.
Soon, price broke $2615 level and continued to move up near support line of channel and later rose to $2725 level.
Then Gold broke this level, made retest, and rose to resistance line, but then it made a correction movement.
Next, price continued to move up and later rose back to resistance line of channel and then reached $2835 level.
Recently it exited from a channel, therefore I think that Gold can break support level and continue to fall to $2770
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Price bounced from the support area and started to grow. For this case, I think that it can little grow and then drop to my target, breaking the support level.
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🔶 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.