GOLD - Price can make correction movement to support level

5月5日

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

A few moments ago, the price traded inside a little flat, where it declined to the bottom part and then started to grow.

In a short time, it reached the $2955 level, broke it and started to trades inside a big flat, exiting from a small range.

After this movement, the price reached the top part of the flat and then corrected, after which it entered to pennant.

In the pennant pattern, Gold exited from a flat and rose to the resistance line from the support line, breaking the $3205 level.

Also recently, price made a correction, but then it turned around and bounced up, thereby exiting from pennant.

Now, I think that Gold can rise a little and then start to decline to $3205 support level.

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5月6日

交易進行

Great! Now I expect that Gold start to decline to support level.

5月7日

手動結束交易

Gold continued to grow, so I closed this trade.