GOLD - Price can bounce up from support area to $2475
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to flat, where at once it declined to support area, after which bounced up.
Price tried to break $2035 level, and even rose higher, but soon turned around and declined back, making fake breakout.
Soon, Gold made an upward impulse, breaking $2035 level and exiting from flat also, after which entered to rising channel.
Inside channel, price rose a little more, after which made correction to support line and then continued to move up.
Later XAU broke $2325 level, which coincided with support area, and then reached resistance line, but recently it corrected.
Now, I think that Gold can decline to support area, after which XAU can continue to rise to $2475
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price entered to flat, where at once it declined to support area, after which bounced up.
Price tried to break $2035 level, and even rose higher, but soon turned around and declined back, making fake breakout.
Soon, Gold made an upward impulse, breaking $2035 level and exiting from flat also, after which entered to rising channel.
Inside channel, price rose a little more, after which made correction to support line and then continued to move up.
Later XAU broke $2325 level, which coincided with support area, and then reached resistance line, but recently it corrected.
Now, I think that Gold can decline to support area, after which XAU can continue to rise to $2475
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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