WalterMoon

GOLD - Price can exit wedge, break support level, and fall lower

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 declined to $1973 points, thereby breaking $2010 level, which coincided with support area.

But soon, Gold turned around and made strong upward impulse to $2087 points, breaking $2010 and $2065 levels.

Also, price entered to wedge, where later XAU bounced of resistance line and fell to support area breaking $2065 level.

After this, price bounced from support area and rose to resistance line of wedge, but a not long time ago fell to support line.

Now, Gold continues to trades near this line and I expect that price can exit from wedge and make retest.

Then price can fall to support level and break it, after which Gold will continue to decline to $1995

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.