Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price broke $2170 level and started to trades in support area, after which made upward impulse.
Price one more time broke $2170 level and later made correction movement, after which started to grow in a rising channel.
Inside channel, Gold rose to $2300 level, which coincided with support area, and soon broke this level.
Then price exited from channel and started to trades in flat, where it at once made a strong upward movement.
But recently Gold turned around and in a short time declined to $2300 support level, where now continues to trades near.
So, I think that XAU can decline to support level again and then start to rise to $2380 in flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price broke $2170 level and started to trades in support area, after which made upward impulse.
Price one more time broke $2170 level and later made correction movement, after which started to grow in a rising channel.
Inside channel, Gold rose to $2300 level, which coincided with support area, and soon broke this level.
Then price exited from channel and started to trades in flat, where it at once made a strong upward movement.
But recently Gold turned around and in a short time declined to $2300 support level, where now continues to trades near.
So, I think that XAU can decline to support level again and then start to rise to $2380 in flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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