GOLD - Price may bounce up from wedge to $3500 points

19 giu

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

A few moments ago, price entered to wedge, where it at once made an upward impulse from the support line.

Price broke $3155 with $3420 level and reached resistance line, but soon turned around and started to decline.

After this, Gold broke the $3420 level one more time and later tried to grow, but when it reached the resistance zone, it dropped.

Next, price bounced from support line of wedge and started to grow and in a short time rose to $3420 level.

Recently, it declined below, making a fake breakout of the resistance level, and now it continues to decline.

In my mind, Gold can decline a little more and then bounce up to $3500, breaking the resistance level.

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20 giu

Trade attivo

Great! Price little declined.