GOLD - Price can continue to move up inside rising channel

10 feb

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

Recently price started to trades inside flat, where it at once broke $2745 level, but soon fell back to support area.

Next, price bounced up to the top part of flat and then corrected back to support area, where it some time trades.

After this, Gold exited from support area and soon exited from flat and continued to move up inside rising channel.

In channel, price corrected to support line and then in a short time rose to $2850 level and broke it.

Then price reached resistance line of channel and fell to support area, after which it continued to move up.

So, I think that Gold can make a correction and then continue to move up to $2945 resistance line of channel.

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11 feb

Trade attivo

GREAT! The first target was reached! Now I think Gold can continue to rise in channel, after the correction movement.

12 feb

Trade chiuso: obiettivo raggiunto

So, the first target was reached, after which Gold turned around and dropped. For this case, I closing this trade.