GOLD - Price can make small move up and then bounce down

27 Ağu 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 $2385 level and then entered to triangle, where it fell to support line.

Then price made a strong upward impulse to $2475 level, thereby breaking $2385 level and exiting from triangle.

After this movement, Gold entered to wedge, where it at once fell to support line, but then started to grow.

In a short time, price rose to $2475 level, broke it, and then reached resistance line of wedge, after which fell.

Price declined to $2475 level, which coincided with support zone and recently it started to grow.

Now, I think that Gold can make one more movement up and then fall to $2475 support level, exiting from wedge.

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28 Ağu 2024

İşlem aktif

Gold little declined, so, I think it can reach the support line of the wedge, break it, and continue to fall to the support level.