WalterMoon

GOLD - Price can bounce down from resistance area to $2300

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 days ago price made upward impulse from the support line to $2430 points, thereby breaking $2280 and $2375 levels.

But then it turned around and soon broke $2375 level, which coincided with resistance area one more time.

After this, Gold continued to decline inside falling channel, where it later broke support line and fell to $2280 level.

Then price bounced up from support level, which coincided with support area, thereby exiting from channel.

Also then XAU rose and reached $2375 resistance level, where at the moment continues to trades near.

So, in my mind, Gold can enter to resistance area and then bounce down to $2300

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.