GOLD - Price can make upward impulse from support line to $2035
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price bounced from resistance level, which coincided with resistance area, and fell to $2020 support level.
Also, XAU started to trades in flat, where it even made fake breakout of $2020 level, and then made upward impulse.
After upward impulse, Gold exited from flat and started to trades in wedge, in which price bounced down from resistance line.
Price declined to support line, but then it at once bounced and rose to resistance line, breaking support level.
But a not long time ago Gold declined below this level again and now it trades near it inside support area.
Possibly, XAU can bounce from support line and make upward impulse to $2035, thereby exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price bounced from resistance level, which coincided with resistance area, and fell to $2020 support level.
Also, XAU started to trades in flat, where it even made fake breakout of $2020 level, and then made upward impulse.
After upward impulse, Gold exited from flat and started to trades in wedge, in which price bounced down from resistance line.
Price declined to support line, but then it at once bounced and rose to resistance line, breaking support level.
But a not long time ago Gold declined below this level again and now it trades near it inside support area.
Possibly, XAU can bounce from support line and make upward impulse to $2035, thereby exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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