WalterMoon

GOLD - Price can reach resistance line of channel and start fall

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

Some time ago price declined below $2375 level, which coincided with resistance area, but soon backed up and some time traded near.

Later, Gold made downward impulse to support level, breaking $2375 level, after which price bounced up and started to fall in channel.

In channel, XAU reached resistance line and then in a short time declined to support area, but soon rose back, making fake breakout.

Next, Gold some time traded between $2300 level, and a not long time ago it bounced up from support area and now continues to grow.

In my mind, Gold can reach resistance line and then bounce down to almost $2275 support line of channel, breaking support level.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

💎 We are provide daily Crypto and Forex (include Gold) signals.
🔶 Free telegram channel👉 bit.ly/3ZlpPg4
🔥 VIP Signals Prices and Conditions👉 bit.ly/Vip_signals_walter
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.