GOLD - Price can continue to fall to bottom part of flat

9 Haz

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

Some days ago price grew inside a rising channel, where it reached $3050 level and then broke it.

After this, price reached resistance line of channel and then made a correction to support line and then made an upward impulse.

Next, price exited from channel and continued to grow to $3430 level and even rose higher, but soon turned around.

Price made a fake breakout of this level and then started ot trades inside a flat, where it fell to bottom part.

Also, it made a gap, and later Gold started to grow to a resistance area, and when it reached this area, it bounced down.

At the moment, I expect that Gold will grow to resistance area and then drop to $3135 bottom part of flat.

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10 Haz

İşlem aktif

Ok, price rose a little, for this case, I expect that it may continue to grow to resistance area and then drop