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 to $3220 level and then started to grow, and soon reached $3380 level and even broke it.
Then price started to trades inside wedge, where it at once started to decline and in a short time declined to support line of wedge.
After this, Gold rose and broke $3220 level and continued to move up in wedge, where it also made two gaps before.
Price rose to $3380 level and some time traded very close to this level, but later corrected to support line.
Next, price made a strong impulse, breaking $3380 level and exiting from wedge as well, and continued to grow.
Recently, Gold started to fall, so I think that it will fall to support area and then bounce up to $3500
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Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Some days ago price declined to $3220 level and then started to grow, and soon reached $3380 level and even broke it.
Then price started to trades inside wedge, where it at once started to decline and in a short time declined to support line of wedge.
After this, Gold rose and broke $3220 level and continued to move up in wedge, where it also made two gaps before.
Price rose to $3380 level and some time traded very close to this level, but later corrected to support line.
Next, price made a strong impulse, breaking $3380 level and exiting from wedge as well, and continued to grow.
Recently, Gold started to fall, so I think that it will fall to support area and then bounce up to $3500
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.
Trade active
Price reached support area, in my mind, it can some time trades inside and then start to grow.
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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.