GOLD - Price can make correction movement and then continue rise
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price started to trades in flat, where it soon declined to support level, which coincided with support area.
Then Gold made upward impulse to resistance zone, which coincided with $2055 level, but at once turned around and fell.
Price some time traded near $2015 level and soon broke it, thereby exiting from flat and felling $1985 points.
Gold started to grow in rising channel, where it rose until to resisance line, breaking $2015 level again.
After this, price made correction from resistance line to support line, but recently it continued to rise in channel.
Now, I think that Gold can make correction movement, after which it will continue to grow to $2055 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price started to trades in flat, where it soon declined to support level, which coincided with support area.
Then Gold made upward impulse to resistance zone, which coincided with $2055 level, but at once turned around and fell.
Price some time traded near $2015 level and soon broke it, thereby exiting from flat and felling $1985 points.
Gold started to grow in rising channel, where it rose until to resisance line, breaking $2015 level again.
After this, price made correction from resistance line to support line, but recently it continued to rise in channel.
Now, I think that Gold can make correction movement, after which it will continue to grow to $2055 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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