GOLD - Price can bounce down from support line to $2480 level
Updated
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price reached support level and then bounced down to support line, after which started to grow.
Then XAU reached $2480 level again, broke it, and started to trades inside flat, where it rose to top part at once.
After this, price corrected to bottom part of flat and then in a short time backed up to to $2530 level.
Price some time traded very close to this level and a not long time ago fell to support line and broke it.
Also, price made retest, fell a little, and a not long time ago started to move up, and now it trades near support line.
Possibly, Gold can reach support line and then bounce down to $2480 support level, which is bottom part of flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price reached support level and then bounced down to support line, after which started to grow.
Then XAU reached $2480 level again, broke it, and started to trades inside flat, where it rose to top part at once.
After this, price corrected to bottom part of flat and then in a short time backed up to to $2530 level.
Price some time traded very close to this level and a not long time ago fell to support line and broke it.
Also, price made retest, fell a little, and a not long time ago started to move up, and now it trades near support line.
Possibly, Gold can reach support line and then bounce down to $2480 support level, which is bottom part of flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Ok. The price almost fell to the support level, which is the bottom part of the flat too. So, I think that it can reach this level, break it, thereby exiting from flat and continue to decline.
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