GOLD - Price can bounce up from support line to $2380 points
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price broke resistance level, which coincided with resistance zone and rose a little higher.
But soon, Gold made downward impulse to $2295 support level and started trading in flat.
Later price exited from this pattern and entered to upward pennant, where it made strong upward impulse.
Gold reached resistance line of pennant, breaking $2375 level, but soon, turned around and in a short time declined back.
Price fell to support line of pennant and now continues to trades near this line, and I think XAU can bounce up.
Also, I think price can break resistance level and reach $2380 resistance line of pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price broke resistance level, which coincided with resistance zone and rose a little higher.
But soon, Gold made downward impulse to $2295 support level and started trading in flat.
Later price exited from this pattern and entered to upward pennant, where it made strong upward impulse.
Gold reached resistance line of pennant, breaking $2375 level, but soon, turned around and in a short time declined back.
Price fell to support line of pennant and now continues to trades near this line, and I think XAU can bounce up.
Also, I think price can break resistance level and reach $2380 resistance line of pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Komentarz:
In my mind, Gold can make little correction move and then continue to grow to my target, so I continue waiting
Komentarz:
Some time later price exited from the pennant, after which it some time traded in flat and then finally reached my target, but then it at once bounced down to the support level, after which in a short time rose almost back. Now it declining, so, in my mind, Gold can make small movement down and then rebound up to the resistance level