WalterMoon

GOLD - Price can rise almost to resistance level and bounce down

Short
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👊

Some days ago price declined to support line and at once made upward impulse to $2280 support level.

Then price broke this level and in a short time rose to $2430 points, breaking $2375 resistance level too.

After this, price started to decline inside triangle, where it soon broke $2375 level again and support line.

Next, it declined to support level, which coincided with support area, and at once bounced up to resistance line of triangle.

Gold exited from this pattern and rose to $2375 level, which coincided with resistance area, but recently fell.

At the moment, I think that Gold can make a small move up, almost to $2375 level, and then start to decline to $2280 level.

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