GOLD - Price can make small move up and then bounce down

2024年8月27日

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

A not long time ago price bounced from $2385 level and then entered to triangle, where it fell to support line.

Then price made a strong upward impulse to $2475 level, thereby breaking $2385 level and exiting from triangle.

After this movement, Gold entered to wedge, where it at once fell to support line, but then started to grow.

In a short time, price rose to $2475 level, broke it, and then reached resistance line of wedge, after which fell.

Price declined to $2475 level, which coincided with support zone and recently it started to grow.

Now, I think that Gold can make one more movement up and then fall to $2475 support level, exiting from wedge.

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2024年8月28日

交易進行

Gold little declined, so, I think it can reach the support line of the wedge, break it, and continue to fall to the support level.