Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago, the price moved inside a rising channel, steadily growing and forming higher highs on the chart.
Then Gold touched the upper boundary, made a reversal, and exited from the channel with a sharp impulse.
After that, the price reached $2970 support level and bounced, forming a triangle pattern with a narrowing range.
Recently, it made a breakout above $3095 zone but quickly faced resistance at the upper line of triangle.
Now, Gold trades inside triangle structure and shows weakness near resistance area without strong breakout.
In my opinion, Gold can decline and reach $3015 support line of triangle during the next corrective wave.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago, the price moved inside a rising channel, steadily growing and forming higher highs on the chart.
Then Gold touched the upper boundary, made a reversal, and exited from the channel with a sharp impulse.
After that, the price reached $2970 support level and bounced, forming a triangle pattern with a narrowing range.
Recently, it made a breakout above $3095 zone but quickly faced resistance at the upper line of triangle.
Now, Gold trades inside triangle structure and shows weakness near resistance area without strong breakout.
In my opinion, Gold can decline and reach $3015 support line of triangle during the next corrective wave.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade closed manually
Gold exited from triangle and continued to grow, so, I close this trade(
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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.
💎 We are provide daily Crypto and Forex (include Gold) signals.
🔶 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
🔶 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
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.