GOLD - Price can bounce up from support line to resistance level

14 Kas 2024

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

After price started to trades inside rising channel, it at once rose to $2730 level from $2610 level.

Then price broke it and some time traded inside resistance area, where it made a gap and later grew to resistance line.

Next, price turned around and started to decline inside falling channel, exiting from rising channel.

In falling channel, Gold broke $2730 level and some time later reached $2610 level and some time traded near it.

Recently price broke it and fell to support line of channel, but a not long time ago it bounced up.

So, in my mind, Gold can fall to support line again and then bounce up to $2610 resistance level.

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15 Kas 2024

İşlem aktif

Gold rose a little, as I said yesterday. So, I kept waiting until it reaches my target, which is the $2610 resistance level.

16 Kas 2024

Not

I'm still waiting for Gold to rise to my target.