Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price fell to $2625 level and then bounced up to $2665 level, after which started to decline inside channel.
In falling channel, price some time reached $2665 level, but couldn't break it and later Gold fell below $2625 level.
Price exited from falling channel and started to grow inside wedge, where it broke $2625 level one more time.
Later price made a gap and made correction to support line of wedge, after which bounced up to resistance line.
Also, price broke $2665 level, and at the moment it continues to grow near resistance line of wedge.
So, I think, Gold can rise a little, exiting from wedge, and then bounce down to $2625 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price fell to $2625 level and then bounced up to $2665 level, after which started to decline inside channel.
In falling channel, price some time reached $2665 level, but couldn't break it and later Gold fell below $2625 level.
Price exited from falling channel and started to grow inside wedge, where it broke $2625 level one more time.
Later price made a gap and made correction to support line of wedge, after which bounced up to resistance line.
Also, price broke $2665 level, and at the moment it continues to grow near resistance line of wedge.
So, I think, Gold can rise a little, exiting from wedge, and then bounce down to $2625 support 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.