GOLD - Price can make small move up and then bounce down
Updated
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.
If this post is useful to you, you can support me with like/boost and advice 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.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.
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