Description
â‹… Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Recently price started to move up in rising channel, where it first broke $2200 level and declined to support line.
But soon, Gold reached $2200 level, broke it one more time, and continued to move up inside rising channel.
Later price reached $2350 level and at once bounced below, after which in a short time XAU entered to support area.
Price exited from this area and declined lower $2350 level, but recently Gold turned around and made upward impulse.
After this movement, price broke $2350 level one more time and almost reached resistance line of channel.
Now, I think Gold can touch this line and then bounce down to $2340 support line of channel, breaking support level.
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