GOLD - Price can break support level and continue to fall next

6 feb

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

Some time ago price rose to resistance line, after which turned around and started to decline to support level.

In a short time, it fell below $2615 level and then started to trades between this level, after which started to grow in channel.

Soon, price broke $2615 level and continued to move up near support line of channel and later rose to $2725 level.

Then Gold broke this level, made retest, and rose to resistance line, but then it made a correction movement.

Next, price continued to move up and later rose back to resistance line of channel and then reached $2835 level.

Recently it exited from a channel, therefore I think that Gold can break support level and continue to fall to $2770

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7 feb

Trade attivo

Price bounced from the support area and started to grow. For this case, I think that it can little grow and then drop to my target, breaking the support level.