GOLD - Price can make correction and then bounce to $2050
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price bounced from support line and rose to $1995 support level, which coincided with support area.
In a short time price broke this level and then corrected, after which it bounced up to resistance area.
But at once Gold declined below, and then it made strong upward impulse to $2145 points, breaking $2050 level.
Later price fell to this level, broke it, and then support line too, after this Gold started to trades inside flat.
Inside flat price declined to support area, where it continues to trades to this days and I think that Gold can correct.
After correction price can start to move up to $2050 resistance level, which coincides with top part of flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price bounced from support line and rose to $1995 support level, which coincided with support area.
In a short time price broke this level and then corrected, after which it bounced up to resistance area.
But at once Gold declined below, and then it made strong upward impulse to $2145 points, breaking $2050 level.
Later price fell to this level, broke it, and then support line too, after this Gold started to trades inside flat.
Inside flat price declined to support area, where it continues to trades to this days and I think that Gold can correct.
After correction price can start to move up to $2050 resistance level, which coincides with top part of flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️