GOLD - Price can bounce down of resistance line and start fall
Hi guys, this is my overview for XAUSD, feel free to check it and write your feedback in commentsđź‘Š
When price bounced up from $1905 - $1900 support area, it grew to $1960 level.
After reaching this level price started to decline and fell below $1900 level, thereby breaking it.
Then Gold few times traded inside downward channel and declined to support area.
Also, price tried several times to break $1820 level, and on fourth try finally broke this level.
At the moment Gold trades close to resistance line and I expect that price can bounce down of line.
Next, Gold can start to decline and maybe fall to $1805 - $1810 support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price bounced up from $1905 - $1900 support area, it grew to $1960 level.
After reaching this level price started to decline and fell below $1900 level, thereby breaking it.
Then Gold few times traded inside downward channel and declined to support area.
Also, price tried several times to break $1820 level, and on fourth try finally broke this level.
At the moment Gold trades close to resistance line and I expect that price can bounce down of line.
Next, Gold can start to decline and maybe fall to $1805 - $1810 support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️