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GOLD - Price can bounce to resistance level and exit from wedge

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

After price bounced up from resistance zone, it made upward impulse and then started trading inside of rising channel.

Reached $1960, price started to decline and fell to $1860 level, thereby broke $1890 resistance level.

Also recently Gold tried to back up but fell lower to $1825 level which coincide with resistance zone and started trades in wedge.

Then price broke this level with zone, decline to support line and now trades close.

I think Gold can bounce up from this line and start to move up to resistance level.

Next, the price can break it and possibly continue grow to $1835 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.