GOLD - Price can correct to support level and then bounce up
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price fell to resistance level, which coincided with resistance zone, and soon broke this level and entered to flat.
In flat Gold declined almost to bottom part, after which tried to grow, but later finally fell to bottom part.
Then, the price bounced up to resistance area, after which turned around and made downward impulse.
Price exited from flat and started to grow in rising channel, where it made fake breakout of $2300 level.
In channel, price rose to $2366 points and then in a short time fell to support level, exiting from channel.
Now price rising and I think Gold can correct to support level and then bounce up to $2350
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price fell to resistance level, which coincided with resistance zone, and soon broke this level and entered to flat.
In flat Gold declined almost to bottom part, after which tried to grow, but later finally fell to bottom part.
Then, the price bounced up to resistance area, after which turned around and made downward impulse.
Price exited from flat and started to grow in rising channel, where it made fake breakout of $2300 level.
In channel, price rose to $2366 points and then in a short time fell to support level, exiting from channel.
Now price rising and I think Gold can correct to support level and then bounce up to $2350
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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