Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
A few moments ago, price entered to wedge, where it at once made an upward impulse from the support line.
Price broke $3155 with $3420 level and reached resistance line, but soon turned around and started to decline.
After this, Gold broke the $3420 level one more time and later tried to grow, but when it reached the resistance zone, it dropped.
Next, price bounced from support line of wedge and started to grow and in a short time rose to $3420 level.
Recently, it declined below, making a fake breakout of the resistance level, and now it continues to decline.
In my mind, Gold can decline a little more and then bounce up to $3500, breaking the resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
A few moments ago, price entered to wedge, where it at once made an upward impulse from the support line.
Price broke $3155 with $3420 level and reached resistance line, but soon turned around and started to decline.
After this, Gold broke the $3420 level one more time and later tried to grow, but when it reached the resistance zone, it dropped.
Next, price bounced from support line of wedge and started to grow and in a short time rose to $3420 level.
Recently, it declined below, making a fake breakout of the resistance level, and now it continues to decline.
In my mind, Gold can decline a little more and then bounce up to $3500, breaking the resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Trade active
Great! Price little declined.
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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.