GOLD - Price can correct to support line and then bounce up

30 Dis 2024

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

A few days ago price entered to triangle, where it at once broke $2700 level and then fell to support line of this pattern.

Also, Gold broke $2595 level, but some time later it turned around from support line and soon broke $2595 level again.

Later Gold rose to resistance zone, after which made correction and then reached support line of triangle.

Then price made upward impulse, thereby exiting from triangle and breaking $2700 level, and started to trades in pennant.

In this pattern, price broke $2700 level one more time and declined to support level, after which rose to resistance line.

In my mind, Gold can fall to support line and then bounce up to $2660, exiting from pennant.

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