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GOLD - Price can make correction and then bounce up

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

Inside flat price made two fake breakouts and on second break price started to decline.

Price declined to $1865 level and started to move inside falling channel, thereby exiting from flat.

In channel, Gold fell to $1810 level and then a few times traded between two levels.

But soon price bounced from support level and made upward impulse to $2010 point, thereby breaking two levels.

Also, Gold started trades inside pennant, but a not long time ago exited from it, and now trades close.

I think price can maybe make correction to support level and then start to rise to $1990 level.

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.