GOLD - Price can start to decline, breaking support line
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price started to grow inside a rising channel, where it firstly declined to support line.
Then it rose to $2435 level, broke it, and continued to move up to resistance line, which coincided with $2530 level.
Next, XAU some time traded near this level and later fell to support line of channel, after which made an upward impulse.
Price broke $2530 level and rose to resistance line of channel, which soon broke also, thereby exiting from rising channel.
At the moment, Gold trades near this line and I think it can rise a little more and then bounce down to $2580.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price started to grow inside a rising channel, where it firstly declined to support line.
Then it rose to $2435 level, broke it, and continued to move up to resistance line, which coincided with $2530 level.
Next, XAU some time traded near this level and later fell to support line of channel, after which made an upward impulse.
Price broke $2530 level and rose to resistance line of channel, which soon broke also, thereby exiting from rising channel.
At the moment, Gold trades near this line and I think it can rise a little more and then bounce down to $2580.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Dagangan aktif
Gold little declined and soon can reach the support line. I think, after the price reaches this line, it breaks it and continues to decline next
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.