Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
A few moments ago price entered to rising channel, where it at once broke $2885 level and reached resistance line of channel.
Then it corrected and then continued to move up in channel, but later it dropped to support area.
Price soon rose above $2885 level, making a fake breakout and after retesting this level, continued to grow.
Later Gold reached resistance line of channel and then made correction movement, exiting from channel and entered to pennant.
In pennant pattern, price made upward impulse, breaking $3275 level and at the moment it trades near $3275 level.
I think that Gold can exit from pennant, decline to support area, and then bounce up to $3440
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price entered to rising channel, where it at once broke $2885 level and reached resistance line of channel.
Then it corrected and then continued to move up in channel, but later it dropped to support area.
Price soon rose above $2885 level, making a fake breakout and after retesting this level, continued to grow.
Later Gold reached resistance line of channel and then made correction movement, exiting from channel and entered to pennant.
In pennant pattern, price made upward impulse, breaking $3275 level and at the moment it trades near $3275 level.
I think that Gold can exit from pennant, decline to support area, and then bounce up to $3440
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Great! Price exited from pennant, now I think it can make a retest and then continue to move up.Trade closed: target reached
Nice one! Price drops to the support level and then starts to grow. Now I expect that it will continue to move up and reach my target.
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đź’Ž We are provide daily Crypto and Forex (include Gold) signals.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
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.