Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
A few days ago price reached $3075 level, broke it, and then rose a little, but soon turned around and made correction movement.
Next, price entered to triangle, where it reached support line, at once, and then made an upward impulse.
Price broke $3075 level and soon reached and broke too $3290 level, after which Gold rose to resistance line.
After this, price turned around and corrected $3290 level, but then it came back to resistance line.
But recently, Gold dropped to support line of triangle, breaking $3290 level and making a gap, after which it exited from triangle.
Now I think XAU can make a retest, after exiting, and then continue to decline to $3075 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few days ago price reached $3075 level, broke it, and then rose a little, but soon turned around and made correction movement.
Next, price entered to triangle, where it reached support line, at once, and then made an upward impulse.
Price broke $3075 level and soon reached and broke too $3290 level, after which Gold rose to resistance line.
After this, price turned around and corrected $3290 level, but then it came back to resistance line.
But recently, Gold dropped to support line of triangle, breaking $3290 level and making a gap, after which it exited from triangle.
Now I think XAU can make a retest, after exiting, and then continue to decline to $3075 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
đź’Ž ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.