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

6 Mar

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

The chart shows how the price rose in a rising channel, reaching the $2925 level before breaking it.

Then it touched resistance line of channel and made correction to $2925 level, where it some time traded.

After this, price moved up and then started to decline inside a triangle, where it soon exited from channel.

Next, price broke $2925 level and declined until to support line of the triangle, breaking $2880 level too.

But soon, Gold made strong movement up, breaking $2880 level and rose to resistance level, after which it corrected.

Now, I think that XAU can exit from a triangle, fall to support level and then start to grow to $2940

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7 Mar

İşlem aktif

GOOD! Price almost reached resistance level! For this case, I think it can exit from a triangle, break this level, and continue to grow.

8 Mar

İşlem kapandı: hedefe ulaştı

Price continued to trade near the resistance level, and I expect it will soon break it and continue to grow.