Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price bounced up from support line of wedge, which coincided with resistance level within the area and rose to resistance line.
After this movement, Gold started to decline and in a short time it fell to $1900 level, thereby breaking $1950
Later price bounced up, exited from wedge, and entered to flat, in which Gold few time tried to rise to $1950 level.
But price failed and made strong downward impulse to $1860 point, exiting from flat and breaking $1900 level with resistance area.
At the moment I think that Gold can decline a little more and then start to rise to $1880
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price bounced up from support line of wedge, which coincided with resistance level within the area and rose to resistance line.
After this movement, Gold started to decline and in a short time it fell to $1900 level, thereby breaking $1950
Later price bounced up, exited from wedge, and entered to flat, in which Gold few time tried to rise to $1950 level.
But price failed and made strong downward impulse to $1860 point, exiting from flat and breaking $1900 level with resistance area.
At the moment I think that Gold can decline a little more and then start to rise to $1880
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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