Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
When price made downward impulse from resistance level, it declined lower than $2025 level, thereby breaking it.
Also soon, price turned around and started to move up in rising channel, where later Gold rose higher than $2025 level.
But later, price in a short time declined below again to support line of channel, and some time traded near this line.
After this, price made upward impulse from this line to resistance area, breaking $2025 level again.
A not long time ago, Gold turned around and declined to support line of channel, making fake breakout.
Now, I think that Gold can little correct almost to support line of channel and then continue to rise to $2055 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price made downward impulse from resistance level, it declined lower than $2025 level, thereby breaking it.
Also soon, price turned around and started to move up in rising channel, where later Gold rose higher than $2025 level.
But later, price in a short time declined below again to support line of channel, and some time traded near this line.
After this, price made upward impulse from this line to resistance area, breaking $2025 level again.
A not long time ago, Gold turned around and declined to support line of channel, making fake breakout.
Now, I think that Gold can little correct almost to support line of channel and then continue to rise to $2055 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.