GOLD - Price can bounce from resistance line of channel to $2580
Updated
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price traded inside flat, where it reached $2530 level and then bounced down to bottom part of flat.
Then price rose back, some time traded near $2530 level, and then started to decline to $2472 points.
Gold exited from flat and started to grow inside a rising channel, where it soon reached the $2530 level again.
Price broke this level and continued to grow until it reached resistance line of channel, after which made a correction.
After correction, Gold turned around and rose to resistance line again, but recently it started to decline.
I think that XAU can rise resistance line and then start to decline to $2580 support line of a rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price traded inside flat, where it reached $2530 level and then bounced down to bottom part of flat.
Then price rose back, some time traded near $2530 level, and then started to decline to $2472 points.
Gold exited from flat and started to grow inside a rising channel, where it soon reached the $2530 level again.
Price broke this level and continued to grow until it reached resistance line of channel, after which made a correction.
After correction, Gold turned around and rose to resistance line again, but recently it started to decline.
I think that XAU can rise resistance line and then start to decline to $2580 support line of a rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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Price reached resistance line of channel, then it at once bounced and now I think it can continue to decline to support line of rising channelOrder cancelled
Gold broke the resistance line and popped out of the rising channel. Looks like it might keep going up, so I closed my target.
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