Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price moved up inside rising channel, where it broke $2725 level and later made a gap.
After this, price rose to resistance line, turned around, and bounced down to resistance area, exiting from channel.
Then price started to trades in pennants, where it traded near resistance area and then reached resistance line of this pattern.
Gold bounced from this line and made downward impulse to $2660 level and then bounced up to $2710 points.
Later price started to decline and in a short time declined to support line of pennant and recently broke it with $2660 level.
In my mind, Gold can reach resistance area and then continue to decline to $2600
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price moved up inside rising channel, where it broke $2725 level and later made a gap.
After this, price rose to resistance line, turned around, and bounced down to resistance area, exiting from channel.
Then price started to trades in pennants, where it traded near resistance area and then reached resistance line of this pattern.
Gold bounced from this line and made downward impulse to $2660 level and then bounced up to $2710 points.
Later price started to decline and in a short time declined to support line of pennant and recently broke it with $2660 level.
In my mind, Gold can reach resistance area and then continue to decline to $2600
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade closed: target reached
Gold reached my target! So, for this case, I close this trade.
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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
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.