Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Price made an upward impulse from the support line of the triangle and rose to the resistance line, breaking two levels.
Then the price dropped back, after which repeated impulse and exited from the triangle, reaching the resistance area.
After this movement, Gold started to trades inside a wedge, where it dropped from the resistance line to the support line.
Next, the price in a short time rose from this line to the resistance line again, breaking $3230 and $3400 levels.
But recently, it made a correction to the support line, breaking $3400 level again, and then started to grow.
Now, I expect that Gold can little decline and then continue to move up to $3470, breaking the resistance level.
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.
Price made an upward impulse from the support line of the triangle and rose to the resistance line, breaking two levels.
Then the price dropped back, after which repeated impulse and exited from the triangle, reaching the resistance area.
After this movement, Gold started to trades inside a wedge, where it dropped from the resistance line to the support line.
Next, the price in a short time rose from this line to the resistance line again, breaking $3230 and $3400 levels.
But recently, it made a correction to the support line, breaking $3400 level again, and then started to grow.
Now, I expect that Gold can little decline and then continue to move up to $3470, breaking the resistance level.
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
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.