GOLD - Price can correct to support area and then start to grow

27 Feb

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

Some time ago, the price started to grow inside the wedge, where it immediately corrected from the resistance line to $2864 points.

Then it turned around and started to grow inside the wedge, soon broke the $2885 level and continued to grow.

Price later reached $2940 level and even long time traded near this level and later broke also broke it.

But soon, Gold turned around and made a downward movement, thereby breaking $2940 level and exiting from a wedge.

Next, price entered to triangle and continued to fall in it, and even reached a support level, after which bounced up.

So, I think that Gold can bounce from support area and rise to $2920, exiting from a triangle.

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28 Feb

Dagangan aktif

Okay, Gold dropped more, but i think it will have a little fall more and then start to grow. 🤔