GOLD - Price can break resistance level, and continue to rise
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area.
Price some time traded between this level and after reaching resistance line of channel, it made downward impulse.
After this, XAU broke $2385 level, exiting from rising channel and fell to $2300 level, and started to trades in flat also.
In flat, price bounced from $2300 level and tried to rise, but later it turned around and in a short time declined to support area.
Gold exited from flat and soon rose higher $2300 level, but recently fell back and now price trying to break this level again.
In my mind, XAU can break this level, make retest and continue to grow to $2360
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area.
Price some time traded between this level and after reaching resistance line of channel, it made downward impulse.
After this, XAU broke $2385 level, exiting from rising channel and fell to $2300 level, and started to trades in flat also.
In flat, price bounced from $2300 level and tried to rise, but later it turned around and in a short time declined to support area.
Gold exited from flat and soon rose higher $2300 level, but recently fell back and now price trying to break this level again.
In my mind, XAU can break this level, make retest and continue to grow to $2360
If this post is useful to you, you can support me with like/boost and advice in comments❤️