GOLD - Price can correct to support line and start to rise

2 déc. 2024

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

Some days ago price entered to rising channel, where it rose to $2715 level and broke it, after which made retest.

Then it rose to resistance line of channel, after which little declined and then continued to grow.

When price rose to $2790 points, it turned around and started to decline, thereby exiting from channel.

Gold continued to fall inside triangle, where it fell until to $2537 points, breaking $2715 and $2605 levels.

Price rose to resistance line, breaking $2605 level, after which made correction and now XAU rising near support line.

Possibly, Gold can bounce up from support line to $2715 resistance level, exiting from triangle.

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3 déc. 2024

Transaction en cours

Okay, Gold rose a little. Maybe it can continue growing to my target, exiting from the triangle. We'll see.