GOLD - Price can start to decline, breaking support level

19 de dez. de 2024

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

Some days ago price fell inside falling channel, where it soon reached and broke at once $2720 level.

Then price continued to decline and later fell to $2535 points, after which XAU started to grow.

Price exited from falling channel and soon entered to flat, breaking $2620 level, where it soon reached top part.

After this, price was corrected and some time traded near $2620 level, and then grew to top part one more time.

But soon, Gold turned around and declined Below $2620 level, exiting from flat and recently rising back to this level.

Now, I think that Gold can make a small move up and then start to decline to $2540

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20 de dez. de 2024

Trade ativo

Great! The price broke the support level a little, and it declined. So, I think it can rise to this level and then continue to fall to my target.