GOLD - Price can make small movement up and then start fall
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price fell below $2050 level, which coincided with support area, thereby breaking it, inside falling channel.
After this, price tried to back up, but when Gold entered to support area it at once continued to fall.
Then XAU repeated this movement, after which price fell to support line of channel and turned around.
Gold exited from falling channel and started to rise near support line to $2050 level, and after reaching it, price broke this level.
Next, XAU made strong upward impulse from support area to $2195 points, and now Gold continues to move up.
Possibly, XAUUSD can make a small movement up again, turn around, and then start to fall to $2130 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price fell below $2050 level, which coincided with support area, thereby breaking it, inside falling channel.
After this, price tried to back up, but when Gold entered to support area it at once continued to fall.
Then XAU repeated this movement, after which price fell to support line of channel and turned around.
Gold exited from falling channel and started to rise near support line to $2050 level, and after reaching it, price broke this level.
Next, XAU made strong upward impulse from support area to $2195 points, and now Gold continues to move up.
Possibly, XAUUSD can make a small movement up again, turn around, and then start to fall to $2130 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️