GOLD - Price can make movement up and then bounce down

26 de mai. de 2023

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

After rising channel, price made upward impulse to $2030 level, thereby breaking past level.

Next, Gold bounced of this level, made correction, and rose higher to resistance level.

But price at once fell below and entered to flat, after which Gold made upward impulse again.

Reaching $2065 point, price started to fall inside from falling channel.

In channel, Gold broke two support levels and even fell below support area, but at once backed up to area.

Now price continues to trade in support area, and maybe Gold can make movement up and then bounce down to $1930 support line.

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