GOLD - Price can break support level and make correction move
Atualizado
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it at once fell almost to support line and then continued to grow.
In a short time price reached $2355 level, broke it, and continued to move up to resistance line of channel.
Then price left this channel, made fake breakout of $2465 level, and made correction movement to $2355 level.
Next, Gold started to grow another rising channel, where it later reached $2465 level, but at once made correction.
Soon, price turned around and rose back, even breaking $2465 level, and now it trades inside resistance area.
In my mind, Gold can rise a little higher than resistance area and then make a correction to $2415
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price entered to rising channel, where it at once fell almost to support line and then continued to grow.
In a short time price reached $2355 level, broke it, and continued to move up to resistance line of channel.
Then price left this channel, made fake breakout of $2465 level, and made correction movement to $2355 level.
Next, Gold started to grow another rising channel, where it later reached $2465 level, but at once made correction.
Soon, price turned around and rose back, even breaking $2465 level, and now it trades inside resistance area.
In my mind, Gold can rise a little higher than resistance area and then make a correction to $2415
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade ativo
Wow, Gold reached the resistance line of the channel, and even rose higher this line, so, for this case, I think it can rise a little more and then fall to $2440 🤔
Aviso legal
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