Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few days ago price bounced from resistance line to support line of wedge, breaking $2005 level, which coincided with support area.
Then price turned around and made strong upward impulse to resistance line, breaking $2005 and $2065 levels.
But then Gold bounced and entered to falling channel, where it exited from wedge, broke $2065 level, and continued to fall.
In channel, price declined to support level, after which it turned around and made upward impulse to $2065 level.
Also, XAU exited from channel and a not long time ago it bounced from resistance level and now trades below.
In my mind, Gold can correct to $2015 points, after which it turns around and starts rise to $2050
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few days ago price bounced from resistance line to support line of wedge, breaking $2005 level, which coincided with support area.
Then price turned around and made strong upward impulse to resistance line, breaking $2005 and $2065 levels.
But then Gold bounced and entered to falling channel, where it exited from wedge, broke $2065 level, and continued to fall.
In channel, price declined to support level, after which it turned around and made upward impulse to $2065 level.
Also, XAU exited from channel and a not long time ago it bounced from resistance level and now trades below.
In my mind, Gold can correct to $2015 points, after which it turns around and starts rise to $2050
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.
🔶 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.