GOLD - Price can little fall and then bounce up to $2690 level

há 6 dias

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

Recently price started to decline from resistance line, breaking $2690 level, and fell to $2535 points, breaking $2605 level too.

Then price turned around and started to grow inside wedge, where it broke resistance line and soon reached $2605 level.

Price broke this level and rose to resistance line of wedge, after which made a correction to support level.

Next, price some time traded and then fell to support line of wedge, after which made upward impulse.

Gold rose to resistance line of wedge, breaking $2690 level, but recently it turned around and fell to support line.

Now, I think that Gold can fall little below support line of wedge and then bounce up to $2690 level.

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