GOLD - After exiting from rising channel, price can start fall
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price entered to flat, where it first declined below support area, but at once backed up, making fake breakout.
Next, Gold a little rose and then in a short time fell lower support area again, thereby exiting from flat and breaking $1975
After this, price started to grow in rising channel, where it rose higher than $1975 level, breaking it again and making retest.
Then Gold continued to move up to $2040 level, which coincided with support area and soon broke it.
As well recently, price bounced from this level and exited from channel, where it continued to trades near resistance line.
In my mind, Gold can make a little movement up and then start to fall to $2040 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to flat, where it first declined below support area, but at once backed up, making fake breakout.
Next, Gold a little rose and then in a short time fell lower support area again, thereby exiting from flat and breaking $1975
After this, price started to grow in rising channel, where it rose higher than $1975 level, breaking it again and making retest.
Then Gold continued to move up to $2040 level, which coincided with support area and soon broke it.
As well recently, price bounced from this level and exited from channel, where it continued to trades near resistance line.
In my mind, Gold can make a little movement up and then start to fall to $2040 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Penafian
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