GOLD - Price can break support level and continue to fall
Mis à jour
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price reached resistance line and then at once declined to support line, after which started to grow.
A short time later, Gold rose to $2685 level, broke it, and then rose to resistance line one more time.
After this movement, price turned around and started to decline inside falling channel, where it broke support line with $2685 level.
Gold continued to fall, but later it reached resistance line, after which made downward impulse.
Price broke $2615 level and fell to support line of channel, after which bounced up, exiting from channel.
Now it trades close $2615 level and possible that Gold can little grow and then fall to $2570, breaking support level again.
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Recently price reached resistance line and then at once declined to support line, after which started to grow.
A short time later, Gold rose to $2685 level, broke it, and then rose to resistance line one more time.
After this movement, price turned around and started to decline inside falling channel, where it broke support line with $2685 level.
Gold continued to fall, but later it reached resistance line, after which made downward impulse.
Price broke $2615 level and fell to support line of channel, after which bounced up, exiting from channel.
Now it trades close $2615 level and possible that Gold can little grow and then fall to $2570, breaking support level again.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Transaction en cours
Okay! Price first fell to the support area and then backed up. Now it is moving up and I am still waiting for it rise a little more and then drop to my target, breaking the support level one more time. Trade fermée: cible de profit atteinte
Price declined to the support zone, where it continues to trades between the support level. For this case, I expect that later Gold will bounce from this area and decline to my target.
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