GOLD - Price can break support level and make correction move

16 Ogo 2024

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 at once fell almost to support line and then continued to grow.

In a short time price reached $2355 level, broke it, and continued to move up to resistance line of channel.

Then price left this channel, made fake breakout of $2465 level, and made correction movement to $2355 level.

Next, Gold started to grow another rising channel, where it later reached $2465 level, but at once made correction.

Soon, price turned around and rose back, even breaking $2465 level, and now it trades inside resistance area.

In my mind, Gold can rise a little higher than resistance area and then make a correction to $2415

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17 Ogo 2024

Dagangan aktif

Wow, Gold reached the resistance line of the channel, and even rose higher this line, so, for this case, I think it can rise a little more and then fall to $2440 🤔