Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price grew in a rising channel, where it broke $2975 level and then rose to $3160 level, but next it corrected.
Price exited from channel and entered to triangle, where it made a strong impulse up.
Gold broke $3160 and $3345 levels, reached resistance line, and then made a correction movement, also making a first gap.
Next, price some time traded below $3345 level, and later it at the last time rose to resistance line and then drop.
After this, Gold made a second gap and then exited from triangle, after which it bounced from support level and started to grow.
Possibly, price can bounce from support line of triangle and then fall to $3125 support area.
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Some days ago price grew in a rising channel, where it broke $2975 level and then rose to $3160 level, but next it corrected.
Price exited from channel and entered to triangle, where it made a strong impulse up.
Gold broke $3160 and $3345 levels, reached resistance line, and then made a correction movement, also making a first gap.
Next, price some time traded below $3345 level, and later it at the last time rose to resistance line and then drop.
After this, Gold made a second gap and then exited from triangle, after which it bounced from support level and started to grow.
Possibly, price can bounce from support line of triangle and then fall to $3125 support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Trade active
Ok, price started to decline, for this case, I expect that Gold continue to decline to support area.Trade closed manually
Price continued to grow.
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🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 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
💎 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.