GOLD - Price can decline to support area and then start to grow

20 Mar

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

Recently price started to decline to falling channel and soon reached $2880 level and then rose to the resistance line.

Then price bounced and in a short time declined to support line of the channel breaking $2880 level.

But soon, Gold bounced from line and broke $2880 level again and some time traded near resistance line.

Next, price made a correction to $2880 level and then started to grow and soon exited from falling channel.

After this Gold reached $3025 level, broke it, and is now traded near this level, which coincides with support line.

So, in my opinion, Gold can decline to support area and then it bounce up to $3085, breaking the support line.

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21 Mar

İşlem aktif

Gold declined below the support line and touched the support area and then started to grow. So, I expect that it continue to move up, breaking the support line again and reaching my target.

22 Mar

İşlem kapandı: hedefe ulaştı

Yes! Price fell to support area and then started to grow. For this case, I expect that it will continue to grow!