GOLD - Price can little move up and then back up flat
Updated
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price bounced from $2625 level and rose to $2670 level, after which made small correction.
Then price made movement up, higher than $2670 level, but soon it turned around and started to decline inside wedge.
Price fell to support line, which coincided with $2625 level, and later bounced up to resistance line, where some time traded near.
Next, Gold made fake breakout of this line and some time later bounced down, thereby exiting from wedge.
Also, price broke $2625 level and started to trades inside flat, where at the moment it trades close to $2625 level.
So, I think that price can rise slightly higher than $2625 level and then fall to $2605 bottom part of flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price bounced from $2625 level and rose to $2670 level, after which made small correction.
Then price made movement up, higher than $2670 level, but soon it turned around and started to decline inside wedge.
Price fell to support line, which coincided with $2625 level, and later bounced up to resistance line, where some time traded near.
Next, Gold made fake breakout of this line and some time later bounced down, thereby exiting from wedge.
Also, price broke $2625 level and started to trades inside flat, where at the moment it trades close to $2625 level.
So, I think that price can rise slightly higher than $2625 level and then fall to $2605 bottom part of flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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Gold turn around and started to move up, thereby exiting from flat and breaking $2625 level too. Maybe soon, it can make correction movement to $2615 points, after strong movement up, we'll see.
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