GOLD - Price can continue to move up inside rising channel
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price started to decline inside pennant, where it fell to support line, breaking support level.
Soon, price turned around and made upward impulse to resistance level, breaking $2385 level and exiting from pennant.
Next, price bounced from resistance level and fell to support area, after which started to grow in rising channel.
Inside channel Gold reached $2470 level, at once fell below, and then rose to resistance line of channel, breaking $2470 level.
After this movement, price corrected to $2470 level, and a not long time ago started to move up.
In my mind, Gold can fall to support area and then continue to move up inside rising channel to $2540
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price started to decline inside pennant, where it fell to support line, breaking support level.
Soon, price turned around and made upward impulse to resistance level, breaking $2385 level and exiting from pennant.
Next, price bounced from resistance level and fell to support area, after which started to grow in rising channel.
Inside channel Gold reached $2470 level, at once fell below, and then rose to resistance line of channel, breaking $2470 level.
After this movement, price corrected to $2470 level, and a not long time ago started to move up.
In my mind, Gold can fall to support area and then continue to move up inside rising channel to $2540
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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.