GOLD - Price can bounce of support line and start to grow
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price bounced from 1985 level and made upward impulse to 2060 point, but at once started to decline.
Later price entered to falling channel too, in which Gold broke support level and fell to next level, which coincide with support area.
After this, price bounced up from 1940 level and exited of channel, and also later price entered to the pennant, where it started to decline.
Recently Gold broke 1940 level with support area and now trades close support line.
I think that price can bounce up to resistance line and try to break it, thereby breaking resistance level with area.
As well maybe price make retest and continue to grow to 1970 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price bounced from 1985 level and made upward impulse to 2060 point, but at once started to decline.
Later price entered to falling channel too, in which Gold broke support level and fell to next level, which coincide with support area.
After this, price bounced up from 1940 level and exited of channel, and also later price entered to the pennant, where it started to decline.
Recently Gold broke 1940 level with support area and now trades close support line.
I think that price can bounce up to resistance line and try to break it, thereby breaking resistance level with area.
As well maybe price make retest and continue to grow to 1970 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️