GOLD - Price can bounce down from pennant to $2340
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price bounced from $2375 level and tried to grow, but soon turned around and made downward impulse.
Price broke $2375 level and entered to flat, where it little later made fake breakout of $2375 level and bounced down.
Then Gold rose almost to top part of flat and then corrected, after which started to grow inside pennant.
Some time later price exited from flat, made small movement down to support line of pennant, and then bounced up.
Gold broke $2375 level and rose to resistance line of pennant, but not long time ago corrected to support line.
Possibly, price can make little move up and then bounce down to $2340, breaking support level and exiting of pennant too.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price bounced from $2375 level and tried to grow, but soon turned around and made downward impulse.
Price broke $2375 level and entered to flat, where it little later made fake breakout of $2375 level and bounced down.
Then Gold rose almost to top part of flat and then corrected, after which started to grow inside pennant.
Some time later price exited from flat, made small movement down to support line of pennant, and then bounced up.
Gold broke $2375 level and rose to resistance line of pennant, but not long time ago corrected to support line.
Possibly, price can make little move up and then bounce down to $2340, breaking support level and exiting of pennant too.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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