WalterMoon

GOLD - Price can correct to support level and then start to rise

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

When price declined from $1985 support level, it some time traded in support area, after which price made impulse up to $2045 level.

Thereby Gold broke $1985 level and entered to rising channel, where it made at once a correction to support line.

After this, price continued to move up and later it broke $2045 level, and then rose to resistance line but then started to decline.

Price fell to support line, and broke it, thereby exiting from channel, and at the moment XAU trades close.

In my mind, Gold can decline to $2045 level and then bounce, and start to rise to $2085 level, breaking support line again.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

💎 We are provide daily Crypto and Forex (include Gold) signals.
🔶 Free telegram channel👉 bit.ly/3ZlpPg4
🔥 VIP Signals Prices and Conditions👉 bit.ly/Vip_signals_walter
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.