GOLD - Price can bounce down from resistance area to $2340
Обновлено
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price started to grow inside rising channel, where it soon reached support level, which coincided with support area.
Soon, XAU broke this level, made retest, and rose to $2285 level, making fake breakout, after which exited from channel also.
Next, Gold started to trades inside flat, where it firstly fell to $2420 level, after which started to grow.
In a short time, Gold rose to resistance level, which coincided with top part of flat, and tried to break this level, but failed.
Now, price continued to trades near this level and I think that price can enter to resistance area and then bounce down to $2340
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price started to grow inside rising channel, where it soon reached support level, which coincided with support area.
Soon, XAU broke this level, made retest, and rose to $2285 level, making fake breakout, after which exited from channel also.
Next, Gold started to trades inside flat, where it firstly fell to $2420 level, after which started to grow.
In a short time, Gold rose to resistance level, which coincided with top part of flat, and tried to break this level, but failed.
Now, price continued to trades near this level and I think that price can enter to resistance area and then bounce down to $2340
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Комментарий
At the moment, price hasn't risen, so I am continues to wait when it bounce down from the resistance area
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