GOLD - Price can continue to grow and exit from wedge

3 Mac

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

The price started to grow inside the rising channel, first reaching the support line and then rising to the $2835 support level.

Next, Gold broke this level and continued to move up and rose to $2930 level, after which started to fall in wedge.

Gold exited from a channel and continued to decline near support line of wedge, but later it bounced to resistance area.

Long time XAU trades in this area and reached resistance line of wedge, after which turned around and started to fall.

Price broke $2930 level and fell to support line of wedge, after which bounced and made a gap.

So, I expect that Gold can correct little and then rise to $2930 level, exiting from wedge pattern.

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4 Mac

Dagangan aktif

GREAT! Gold exited from the wedge and almost reached resistance level. In my opinion, price can make small correction and then continue to grow!

5 Mac

Dagangan ditutup: sasaran tercapai

Target was reached, so great!