GOLD - Price can bounce up to $3475 points, exiting from pennant

8 Mei

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

A few moments ago price traded inside flat, where it two times broke $3045 levels and then made impulse up.

Price exited from flat and continued to grow inside a pennant pattern, where it later reached $3320 level.

Then Gold broke this level and rose to resistance line of a pennant, and then made a correction to support level, and then broke it.

After this, the price declined to the support line of the pennant, after which it turned around and bounced up.

Gold broke $3320 level and rose to resisance line of pennant, but recently it made correction to this level.

So, now I expect that price can bounce up from this level to $3475, thereby exiting from pennant pattern.

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9 Mei

Dagangan aktif

Ok, price declined to support level, for the moment I expect that it will start to grow to my target.