GOLD - Price can fall to support level and start to rise in flat
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price broke $2170 level and started to trades in support area, after which made upward impulse.
Price one more time broke $2170 level and later made correction movement, after which started to grow in a rising channel.
Inside channel, Gold rose to $2300 level, which coincided with support area, and soon broke this level.
Then price exited from channel and started to trades in flat, where it at once made a strong upward movement.
But recently Gold turned around and in a short time declined to $2300 support level, where now continues to trades near.
So, I think that XAU can decline to support level again and then start to rise to $2380 in flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price broke $2170 level and started to trades in support area, after which made upward impulse.
Price one more time broke $2170 level and later made correction movement, after which started to grow in a rising channel.
Inside channel, Gold rose to $2300 level, which coincided with support area, and soon broke this level.
Then price exited from channel and started to trades in flat, where it at once made a strong upward movement.
But recently Gold turned around and in a short time declined to $2300 support level, where now continues to trades near.
So, I think that XAU can decline to support level again and then start to rise to $2380 in flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️