Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price declined to $1973 points, thereby breaking $2010 level, which coincided with support area.
But soon, Gold turned around and made strong upward impulse to $2087 points, breaking $2010 and $2065 levels.
Also, price entered to wedge, where later XAU bounced of resistance line and fell to support area breaking $2065 level.
After this, price bounced from support area and rose to resistance line of wedge, but a not long time ago fell to support line.
Now, Gold continues to trades near this line and I expect that price can exit from wedge and make retest.
Then price can fall to support level and break it, after which Gold will continue to decline to $1995
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price declined to $1973 points, thereby breaking $2010 level, which coincided with support area.
But soon, Gold turned around and made strong upward impulse to $2087 points, breaking $2010 and $2065 levels.
Also, price entered to wedge, where later XAU bounced of resistance line and fell to support area breaking $2065 level.
After this, price bounced from support area and rose to resistance line of wedge, but a not long time ago fell to support line.
Now, Gold continues to trades near this line and I expect that price can exit from wedge and make retest.
Then price can fall to support level and break it, after which Gold will continue to decline to $1995
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
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.