Description
â‹… Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Some days ago price entered to flat, where at once it declined to support area, after which bounced up.
Price tried to break $2035 level, and even rose higher, but soon turned around and declined back, making fake breakout.
Soon, Gold made an upward impulse, breaking $2035 level and exiting from flat also, after which entered to rising channel.
Inside channel, price rose a little more, after which made correction to support line and then continued to move up.
Later XAU broke $2325 level, which coincided with support area, and then reached resistance line, but recently it corrected.
Now, I think that Gold can decline to support area, after which XAU can continue to rise to $2475
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Waiting for a retest of ath