GOLD - Price can start to decline to $2520 support level

2024年9月16日

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

Recently price traded near $2475 level, bouncing down to $2438 points, and started to grow in wedge.

In wedge, price soon broke $2475 level and then rose to resistance line, but quickly turned around and fell below.

Price made a fake breakout of $2520 level, but soon backed up and some time traded near this level.

Also, Gold even some time entered to support area, after which it later made a correction to support line of wedge.

After this movement, XAU made an upward impulse, thereby exiting from wedge and breaking $2520 level.

Now, I think Gold, after upward movement, can start to decline to $2520 support level.

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2024年9月17日

交易進行

Gold made little correction, so, I'm still waiting when it to fall to the support level, where is locate my target

2024年9月18日

交易進行

Price little decline, so, maybe Gold can make a small movement up and then continue to decline to the $2520 support level:

2024年9月19日

交易進行

Maybe later, Gold will make a small movement up and then start to decline to $2520 support level.