Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price declined to $1973 points, thereby breaking $2010 level, which coincided with support area.
But soon, Gold turned around and made strong upward impulse to $2087 points, breaking $2010 and $2065 levels.
Also, price entered to wedge, where later XAU bounced of resistance line and fell to support area breaking $2065 level.
After this, price bounced from support area and rose to resistance line of wedge, but a not long time ago fell to support line.
Now, Gold continues to trades near this line and I expect that price can exit from wedge and make retest.
Then price can fall to support level and break it, after which Gold will continue to decline to $1995
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price declined to $1973 points, thereby breaking $2010 level, which coincided with support area.
But soon, Gold turned around and made strong upward impulse to $2087 points, breaking $2010 and $2065 levels.
Also, price entered to wedge, where later XAU bounced of resistance line and fell to support area breaking $2065 level.
After this, price bounced from support area and rose to resistance line of wedge, but a not long time ago fell to support line.
Now, Gold continues to trades near this line and I expect that price can exit from wedge and make retest.
Then price can fall to support level and break it, after which Gold will continue to decline to $1995
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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
💎 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.