GOLD - Price can rise a little and then start to decline

6 Jan

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

Some days ago price declined inside falling channel, where it fell to support line and then rose to resistance line.

Then Gold fell to $2615 support level, after which made a strong upward impulse, thereby exiting from channel.

Also later, price broke $2665 level and then rose to $2726 points, after which started to trades in triangle.

In this pattern, price dropped to support line, breaking $2665 with $2615 levels and then trading between $2615 level.

Later Gold finally broke $2615 level and rose to resistance line of triangle, after which made correction.

Now, I think that price can rise to almost resistance line of triangle and then start to decline to $2615 level.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

7 Jan

Dagangan aktif

Wow! Gold grew to the resistance line of the triangle and even broke it and rose a little more. Now I expect that it turn around and drop to my target, which is located at $2615 level.

8 Jan

Dagangan ditutup: sasaran tercapai

Hmm... I'm still waiting when Gold drop to my target.