GOLD - Price can correct to support level and then bounce up
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price reached $2430 level, which coincided with resistance line and then made downward impulse.
Price broke $2380 level and fell to support line, but soon came back, breaking support level again and continuing to grow.
In a short time price rose to resistance line, breaking $2430 level, after which Gold broke resistance line too.
Then price entered to triangle, where it fell to support line of this pattern, breaking two levels with support line.
After this, Gold bounced up, breaking $2430 and $2380 levels and now it trades near resistance line of triangle.
Possible, price can make correction to support level and then bounce up to $2475
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price reached $2430 level, which coincided with resistance line and then made downward impulse.
Price broke $2380 level and fell to support line, but soon came back, breaking support level again and continuing to grow.
In a short time price rose to resistance line, breaking $2430 level, after which Gold broke resistance line too.
Then price entered to triangle, where it fell to support line of this pattern, breaking two levels with support line.
After this, Gold bounced up, breaking $2430 and $2380 levels and now it trades near resistance line of triangle.
Possible, price can make correction to support level and then bounce up to $2475
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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