Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
A few moments ago price traded inside flat, where it two times broke $3045 levels and then made impulse up.
Price exited from flat and continued to grow inside a pennant pattern, where it later reached $3320 level.
Then Gold broke this level and rose to resistance line of a pennant, and then made a correction to support level, and then broke it.
After this, the price declined to the support line of the pennant, after which it turned around and bounced up.
Gold broke $3320 level and rose to resisance line of pennant, but recently it made correction to this level.
So, now I expect that price can bounce up from this level to $3475, thereby exiting from pennant pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price traded inside flat, where it two times broke $3045 levels and then made impulse up.
Price exited from flat and continued to grow inside a pennant pattern, where it later reached $3320 level.
Then Gold broke this level and rose to resistance line of a pennant, and then made a correction to support level, and then broke it.
After this, the price declined to the support line of the pennant, after which it turned around and bounced up.
Gold broke $3320 level and rose to resisance line of pennant, but recently it made correction to this level.
So, now I expect that price can bounce up from this level to $3475, thereby exiting from pennant pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Ok, price declined to support level, for the moment I expect that it will start to grow to my target.
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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.