Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently, price entered to pennant, where it at once bounced from support line and started to grow, but soon corrected.
After this movement, Gold made upward impulse, and broke $3205 level, after which it made retest and continued to move up mext.
Soon, it reached $3370 level, broke it and then rose to resistance line of pennant, after which started to fall.
In a short time, price declined below $3370 level, breaking it again, and then some time traded below.
Later, Gold continued to fall and declined to support level, which coincided with support line of pennant.
Now, I think that price can bounce up from support level to $3370 level, exiting from pennant pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently, price entered to pennant, where it at once bounced from support line and started to grow, but soon corrected.
After this movement, Gold made upward impulse, and broke $3205 level, after which it made retest and continued to move up mext.
Soon, it reached $3370 level, broke it and then rose to resistance line of pennant, after which started to fall.
In a short time, price declined below $3370 level, breaking it again, and then some time traded below.
Later, Gold continued to fall and declined to support level, which coincided with support line of pennant.
Now, I think that price can bounce up from support level to $3370 level, exiting from pennant pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Nice one! Price grew to resistance line of pennant, so I expect that it will exit from this pattern and continue to grow next.Trade closed manually
Price made a correction, so I closed this trade.
🔶 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.
🔶 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.