Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price entered to triangle, where it at once bounced from support line, which coincided with support level.
Price rose to resistance line, breaking $3400 level, but soon turned around and dropped below, breaking this level again.
Next, Gold made a gap and continued to fall in a triangle, and later it reached $3215 level, after which bounced up.
Then price exited from triangle, rose to $3400 level and made fake breakout, after which started to decline in falling channel.
In channel, price fell to $3215 level, where at the moment continued to trades close and trying to break this level.
I think Gold can break this level and continue to fall in a falling channel to $3140
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to triangle, where it at once bounced from support line, which coincided with support level.
Price rose to resistance line, breaking $3400 level, but soon turned around and dropped below, breaking this level again.
Next, Gold made a gap and continued to fall in a triangle, and later it reached $3215 level, after which bounced up.
Then price exited from triangle, rose to $3400 level and made fake breakout, after which started to decline in falling channel.
In channel, price fell to $3215 level, where at the moment continued to trades close and trying to break this level.
I think Gold can break this level and continue to fall in a falling channel to $3140
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.
🔶 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.