Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price bounced from the support level, which coincided with the support area, and rose to the resistance area.
Also then, Gold started to decline inside wedge, where it fell until to support line of this pattern, breaking $2310 level.
Then price made a strong upward impulse to $2425 level, breaking $2310 level again, and exited from wedge too.
Next, price made fake breakout of $2425 level and started to decline near resistance line to almost support level.
At the moment, price continue to decline and I think that Gold can reach resistance line and then bounce down.
After this, XAU can fall to support level, break it, and continue to decline to $2275
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price bounced from the support level, which coincided with the support area, and rose to the resistance area.
Also then, Gold started to decline inside wedge, where it fell until to support line of this pattern, breaking $2310 level.
Then price made a strong upward impulse to $2425 level, breaking $2310 level again, and exited from wedge too.
Next, price made fake breakout of $2425 level and started to decline near resistance line to almost support level.
At the moment, price continue to decline and I think that Gold can reach resistance line and then bounce down.
After this, XAU can fall to support level, break it, and continue to decline to $2275
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
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.