GOLD - Prise will correct and then continue grow to $2830 points

3 Feb

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

Some time ago price entered to rising channel, where it soon reached support area and then made a correction.

Then price bounced from support line and soon rose to $2730 level, broke it, and continued to move up.

Price made a small correction and soon rose to resistance line of channel and exited from this pattern.

After this, price started to trades in between resistance line and with support line and at once fell to support line.

Next, Gold in a short time rose to $2785 level and broke it, after which corrected and now continues to grow.

So, in my mind, XAU can correct to support level and then continue to move up to $2830 resistance line.

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4 Feb

Dagangan aktif

Okay! Price reached the resistance line and rose a little higher than that line, but it recently started to decline. So, I think Gold can make the correction and then bounce up to my new target - $2860 points, thereby breaking the resistance line again.

5 Feb

Dagangan ditutup: sasaran tercapai

GOOD ONE! SECOND TARGET WAS REACHED! So, I closing this trade.