GOLD - Price can exit from flat and continue to move up

5 Eyl 2024

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

A not long time ago price bounced from $2405 to $2475 level and then turned around and fell lower $2405 level, breaking it.

Then price started to grow inside rising channel, where it rose to $2475 level, breaking $2405 level one more time.

Gold some time traded near $2475 level and later broke it, exiting from channel and entering to flat.

In flat price some time traded between the top part and bottom, and a not long time ago it bounced from $2475 level.

Now, Gold trades near top part of flat and I think that price can reach this part and then make a small correction move.

Next, price will exit from flat and continue to move up to $2570

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6 Eyl 2024

İşlem aktif

The price almost reached the top part of flat. For this case, I think it can soon reach this part, break it, and continue to move up, as I showed yesterday