Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price traded in support area, which coincided with $2030 level and soon broke it.
After this, Gold made retest and then continued to move up in rising channel, where in a short time price reached $2185 level.
But then, XAU bounced from this level and made correction movement almost to support line of rising channel.
Then Gold first made fake breakout of $2185 level, after which it soon finally broke it and made upward impulse.
Price reached resistance line of rising channel, but a not long time ago it turned around and started to fall.
So, in my mind, Gold can continue to decline to $2210 support line of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few moments ago price traded in support area, which coincided with $2030 level and soon broke it.
After this, Gold made retest and then continued to move up in rising channel, where in a short time price reached $2185 level.
But then, XAU bounced from this level and made correction movement almost to support line of rising channel.
Then Gold first made fake breakout of $2185 level, after which it soon finally broke it and made upward impulse.
Price reached resistance line of rising channel, but a not long time ago it turned around and started to fall.
So, in my mind, Gold can continue to decline to $2210 support line of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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