GOLD - Price can bounce down to $2305 support line of triangle
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price entered to flat, where it first reached $2360 level, after which declined to $2315 level.
Then price bounced from this level and made upward impulse higher than $2360, breaking it and exiting from flat.
Price entered to triangle, where it at once bounced from resistance line to support line, breaking $2360 and $2315 levels.
After this, Gold in a short time rose to $2315 level, broke it, but soon fell back to support line of triangle.
Next, price bounced from this line, broke $2315 level again, and now trades near resistance line.
In my mind, Gold can make small movement up, and then bounce down to $2305, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price entered to flat, where it first reached $2360 level, after which declined to $2315 level.
Then price bounced from this level and made upward impulse higher than $2360, breaking it and exiting from flat.
Price entered to triangle, where it at once bounced from resistance line to support line, breaking $2360 and $2315 levels.
After this, Gold in a short time rose to $2315 level, broke it, but soon fell back to support line of triangle.
Next, price bounced from this line, broke $2315 level again, and now trades near resistance line.
In my mind, Gold can make small movement up, and then bounce down to $2305, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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