Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Some time ago, the price started to grow inside the wedge, where it immediately corrected from the resistance line to $2864 points.
Then it turned around and started to grow inside the wedge, soon broke the $2885 level and continued to grow.
Price later reached $2940 level and even long time traded near this level and later broke also broke it.
But soon, Gold turned around and made a downward movement, thereby breaking $2940 level and exiting from a wedge.
Next, price entered to triangle and continued to fall in it, and even reached a support level, after which bounced up.
So, I think that Gold can bounce from support area and rise to $2920, exiting from a triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago, the price started to grow inside the wedge, where it immediately corrected from the resistance line to $2864 points.
Then it turned around and started to grow inside the wedge, soon broke the $2885 level and continued to grow.
Price later reached $2940 level and even long time traded near this level and later broke also broke it.
But soon, Gold turned around and made a downward movement, thereby breaking $2940 level and exiting from a wedge.
Next, price entered to triangle and continued to fall in it, and even reached a support level, after which bounced up.
So, I think that Gold can bounce from support area and rise to $2920, exiting from a triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Okay, Gold dropped more, but i think it will have a little fall more 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.