Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price bounced from support level and started to grow to $3400 level, making a small correction before.
When it reached this level, price entered to wedge, where it made a correction and then started to grow.
In a short time, price exited from wedge and soon broke $3400 level, but then it started to decline in a falling channel.
In falling channel, Gold broke $3400 level one more time and in a short time declined to $3305 support level.
After this movement, Gold turned around and started to move up to resistance line of channel.
I expect that Gold can reach resistance line of channel and then start to decline to $3295 support area.
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.
Some days ago price bounced from support level and started to grow to $3400 level, making a small correction before.
When it reached this level, price entered to wedge, where it made a correction and then started to grow.
In a short time, price exited from wedge and soon broke $3400 level, but then it started to decline in a falling channel.
In falling channel, Gold broke $3400 level one more time and in a short time declined to $3305 support level.
After this movement, Gold turned around and started to move up to resistance line of channel.
I expect that Gold can reach resistance line of channel and then start to decline to $3295 support area.
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.
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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.