Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Some days ago price declined in falling channel, where it fell below $2655 level and reached support line of channel.
Then price turned around and started to grow inside rising channel, where it soon reached $2655 level and broke it.
In this channel, price grew to resistance line and continued to move up near this line, until it reached $2790 points.
After this, price turned around and started to decline, exiting from rising channel and fell to $2655 level.
Soon, Gold broke this level too and fell to $2560 level, where it bounced from support area and started to grow recently.
I think that XAU can little correct to support level and then continue to move up to $2655 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price declined in falling channel, where it fell below $2655 level and reached support line of channel.
Then price turned around and started to grow inside rising channel, where it soon reached $2655 level and broke it.
In this channel, price grew to resistance line and continued to move up near this line, until it reached $2790 points.
After this, price turned around and started to decline, exiting from rising channel and fell to $2655 level.
Soon, Gold broke this level too and fell to $2560 level, where it bounced from support area and started to grow recently.
I think that XAU can little correct to support level and then continue to move up to $2655 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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
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.