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GOLD - Price can reach support line of channel and start to grow

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

A few moments ago price bounced from support level and rose to $2387 points, after which entered to wedge.

In wedge, price fell to support line, breaking $2320 level, but soon price backed up, breaking this level again.

Then it rose to resistance line of wedge, after which made correction to support line and then made strong upward impulse.

Gold exited from wedge and later broke $2420 level, after which rose a little more and then started to decline in channel.

In falling channel, price broke $2420 level one more time and at the moment, it trades near support line.

I think XAU can fall to this line and then bounce up to $2395, which coincides with resistance line of channel.

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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.