Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
When price made downward impulse from resistance level, it declined lower than $2025 level, thereby breaking it.
Also soon, price turned around and started to move up in rising channel, where later Gold rose higher than $2025 level.
But later, price in a short time declined below again to support line of channel, and some time traded near this line.
After this, price made upward impulse from this line to resistance area, breaking $2025 level again.
A not long time ago, Gold turned around and declined to support line of channel, making fake breakout.
Now, I think that Gold can little correct almost to support line of channel and then continue to rise to $2055 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price made downward impulse from resistance level, it declined lower than $2025 level, thereby breaking it.
Also soon, price turned around and started to move up in rising channel, where later Gold rose higher than $2025 level.
But later, price in a short time declined below again to support line of channel, and some time traded near this line.
After this, price made upward impulse from this line to resistance area, breaking $2025 level again.
A not long time ago, Gold turned around and declined to support line of channel, making fake breakout.
Now, I think that Gold can little correct almost to support line of channel and then continue to rise to $2055 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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