GOLD - Price can start to decline to $2520 support level

16 set 2024

Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

Recently price traded near $2475 level, bouncing down to $2438 points, and started to grow in wedge.

In wedge, price soon broke $2475 level and then rose to resistance line, but quickly turned around and fell below.

Price made a fake breakout of $2520 level, but soon backed up and some time traded near this level.

Also, Gold even some time entered to support area, after which it later made a correction to support line of wedge.

After this movement, XAU made an upward impulse, thereby exiting from wedge and breaking $2520 level.

Now, I think Gold, after upward movement, can start to decline to $2520 support level.

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17 set 2024

Trade attivo

Gold made little correction, so, I'm still waiting when it to fall to the support level, where is locate my target

18 set 2024

Trade attivo

Price little decline, so, maybe Gold can make a small movement up and then continue to decline to the $2520 support level:

19 set 2024

Trade attivo

Maybe later, Gold will make a small movement up and then start to decline to $2520 support level.