Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Some time ago price started to grow inside a rising channel, where it firstly declined to support line.
Then it rose to $2435 level, broke it, and continued to move up to resistance line, which coincided with $2530 level.
Next, XAU some time traded near this level and later fell to support line of channel, after which made an upward impulse.
Price broke $2530 level and rose to resistance line of channel, which soon broke also, thereby exiting from rising channel.
At the moment, Gold trades near this line and I think it can rise a little more and then bounce down to $2580.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price started to grow inside a rising channel, where it firstly declined to support line.
Then it rose to $2435 level, broke it, and continued to move up to resistance line, which coincided with $2530 level.
Next, XAU some time traded near this level and later fell to support line of channel, after which made an upward impulse.
Price broke $2530 level and rose to resistance line of channel, which soon broke also, thereby exiting from rising channel.
At the moment, Gold trades near this line and I think it can rise a little more and then bounce down to $2580.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Gold little declined and soon can reach the support line. I think, after the price reaches this line, it breaks it and continues to decline next
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🔶 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
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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.