GOLD - Price can bounce from resistance level and start to fall

9 de dez.

Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

Some time ago price made a strong upward impulse to $2720 points, thereby breaking $2665 level.

But then, price turned around and started to decline inside triangle, breaking $2665 level one more time.

Next, Gold fell to support area, after which started to grow and soon reached $2665 level, after which made a correction.

Later price rose to resistance line of triangle, after which corrected to $2620 support level and then started to grow.

Recently, Gold reached resistance line of the triangle, exited from this pattern, and even made retest.

Now price trades below the resistance level and I think Gold can bounce down from this level to $2630

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10 de dez.

Trade fechado: stop atingido

Gold broke the resistance level and continued to grow, so, I close this trade.