GOLD - Price can turn around and start to fall to $2835 level

13 Mar

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

Price started to grow inside rising channel, where it soon reached $2690 level, but then made small correction.

After this, Gold broke $2690 level, made retest and then continued to move up inside rising channel.

Later price reached $2835 level, which coincided with support area and soon broke it too, thereby exiting from channel.

Next, Gold started to trades inside a flat, where it at once rose to the top part and some time traded near it.

Then price corrected to support level, after which started to grow and now it trades almost near top part of a flat.

In my mind, Gold can reach the top part of flat and then start to decline to $2835 support level.

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14 Mar

İşlem aktif

Gold continued to grow. For this case, I expect that it will move little up and then drop.