Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Some time ago price entered to falling channel, where it rose to resistance line and then continued to decline.
In a short time, price fell to support level, which coincided with support zone and made a fake breakout of this level.
Gold exited from channel and later rose to 2478 points, after which made correction and started to grow in pennant.
Price rose to $2525 resistance level and some time traded near this level, trying to break it, but failed.
After this, XAU fell to support line of pennant and then started to grow, so, I think Gold can little grow.
Then price can turn around and start to decline to $2440, thereby exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price entered to falling channel, where it rose to resistance line and then continued to decline.
In a short time, price fell to support level, which coincided with support zone and made a fake breakout of this level.
Gold exited from channel and later rose to 2478 points, after which made correction and started to grow in pennant.
Price rose to $2525 resistance level and some time traded near this level, trying to break it, but failed.
After this, XAU fell to support line of pennant and then started to grow, so, I think Gold can little grow.
Then price can turn around and start to decline to $2440, thereby exiting from pennant.
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.