Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price made downward impulse from resistance line of wedge to support area, breaking $2385 and $2300 levels.
After this, price turned around and started to grow to $2368 points, making fake breakout, after which bounced down.
Price fell to support line of wedge, but at once bounced and started to move up, making one more fake breakout.
In a short time later, Gold reached $2385 level, after which made correction to support line and then bounced up.
Gold finally broke $2385 level and reached resistance line of wedge, but little declined from this line.
Now, I think price can decline more and then bounce up to $2450, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price made downward impulse from resistance line of wedge to support area, breaking $2385 and $2300 levels.
After this, price turned around and started to grow to $2368 points, making fake breakout, after which bounced down.
Price fell to support line of wedge, but at once bounced and started to move up, making one more fake breakout.
In a short time later, Gold reached $2385 level, after which made correction to support line and then bounced up.
Gold finally broke $2385 level and reached resistance line of wedge, but little declined from this line.
Now, I think price can decline more and then bounce up to $2450, exiting from wedge pattern.
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
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.