GOLD - Price can bounce up from support area to $2710 points
Updated
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price started to trades inside flat, where it bounced from support level and rose to almost top part.
Then Gold made correction to $2475 level and then bounced up, reached top part of flat again, and exited.
After this, price continued to move up inside rising channel, where later it made a correction to support line.
Next, price bounced and in a short time rose to $2620 level, broke it, and reached resistance line of channel.
But a not long time ago, XAU turned around and started to decline, so, I think it can fall to support area.
Also then, price can turn around and bounce up to $2710 resistance line of a rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price started to trades inside flat, where it bounced from support level and rose to almost top part.
Then Gold made correction to $2475 level and then bounced up, reached top part of flat again, and exited.
After this, price continued to move up inside rising channel, where later it made a correction to support line.
Next, price bounced and in a short time rose to $2620 level, broke it, and reached resistance line of channel.
But a not long time ago, XAU turned around and started to decline, so, I think it can fall to support area.
Also then, price can turn around and bounce up to $2710 resistance line of a rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Great! Price bounced from support area and started to grow in rising channel. So, I think it continue to move up next.
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