GOLD - Price can make little movement up and then fall to $1905
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
When price bounced from $1905 support level and made strong upward impulse to $1985 points, it broke $1950 level.
Then price entered to falling channel, where it declined below $1950 resistance level, which coincided with resistance area.
Also Gold declined to support line of pennant, breaking $1905 level, but at once bounced and started to rise.
Price reached resistance line of pennant, and at once bounced down to support level, exiting from pennant.
But a not long time ago price bounced from this level and then started to rise.
I think that Gold can rise a little more and then it starts to fall to $1905 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price bounced from $1905 support level and made strong upward impulse to $1985 points, it broke $1950 level.
Then price entered to falling channel, where it declined below $1950 resistance level, which coincided with resistance area.
Also Gold declined to support line of pennant, breaking $1905 level, but at once bounced and started to rise.
Price reached resistance line of pennant, and at once bounced down to support level, exiting from pennant.
But a not long time ago price bounced from this level and then started to rise.
I think that Gold can rise a little more and then it starts to fall to $1905 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️