GOLD - Price can continue to grow inside rising channel

25 nov. 2024

Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

Recently price traded inside flat, where it made a gap and then bounced up, thereby exiting from this pattern.

Next, price started to decline inside falling channel, where Gold broke $2740 level and fell to $2660 level.

Price tried to grow, but failed and declined more, until to $2610 points, after which exited from falling channel.

Then price fell to $2535 points, after which Gold started to grow inside rising channel, where it broke $2580 and $2660 levels.

Next, price rose to resistance line of channel and made correction to $2660 level, after which continued to rise.

I think that price can correct to support level again and then continue to grow to $2740 resistance level.

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26 nov. 2024

Trade fermée: ordre d’arrêt atteint

Price dropped to $2605 points, breaking support level and exited from rising channel. So, I close this trade.