GOLD - Price can bounce down of resistance line and start fall
Hi guys, this is my overview for XAUSD, feel free to check it and write your feedback in comments👊
When price bounced up from $1905 - $1900 support area, it grew to $1960 level.
After reaching this level price started to decline and fell below $1900 level, thereby breaking it.
Then Gold few times traded inside downward channel and declined to support area.
Also, price tried several times to break $1820 level, and on fourth try finally broke this level.
At the moment Gold trades close to resistance line and I expect that price can bounce down of line.
Next, Gold can start to decline and maybe fall to $1805 - $1810 support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price bounced up from $1905 - $1900 support area, it grew to $1960 level.
After reaching this level price started to decline and fell below $1900 level, thereby breaking it.
Then Gold few times traded inside downward channel and declined to support area.
Also, price tried several times to break $1820 level, and on fourth try finally broke this level.
At the moment Gold trades close to resistance line and I expect that price can bounce down of line.
Next, Gold can start to decline and maybe fall to $1805 - $1810 support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️