Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price started to decline inside pennant, where it fell to support line, breaking support level.
Soon, price turned around and made upward impulse to resistance level, breaking $2385 level and exiting from pennant.
Next, price bounced from resistance level and fell to support area, after which started to grow in rising channel.
Inside channel Gold reached $2470 level, at once fell below, and then rose to resistance line of channel, breaking $2470 level.
After this movement, price corrected to $2470 level, and a not long time ago started to move up.
In my mind, Gold can fall to support area and then continue to move up inside rising channel to $2540
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price started to decline inside pennant, where it fell to support line, breaking support level.
Soon, price turned around and made upward impulse to resistance level, breaking $2385 level and exiting from pennant.
Next, price bounced from resistance level and fell to support area, after which started to grow in rising channel.
Inside channel Gold reached $2470 level, at once fell below, and then rose to resistance line of channel, breaking $2470 level.
After this movement, price corrected to $2470 level, and a not long time ago started to move up.
In my mind, Gold can fall to support area and then continue to move up inside rising channel to $2540
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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
💎 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
💎 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.