GOLD - Price will make correction movement to support level

31 Mar

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

Some time ago price started to grow inside a rising channel, where it soon reached $2940 support level and broke it.

Then it some time traded near this level and then continued to grow in channel and soon reached resistance line of channel.

Soon, Gold reached the $3055 level and then corrected to the channel's support line, after which it turned around.

XAU reached $3055 level again and broke it, aftr which continued to grow and recently, it reached almost resistance line.

But soon, it turned around and started to decline, so, in my mind, Gold can continue to decline to $3055 level.

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1 Nis

İşlem aktif

Okay, Gold continued to move up near the channel's resistance line. But I am still waiting for when it makes correction. 👀