GOLD - Price can bounce up to $2380, leaving pennant patern
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price bounced up to resistance level, which coincided with resistance area, and at once turned around.
Also, price started to decline inside falling channel, where it declined lower than $2315 level, breaking it.
But when Gold reached $2277 points, it turned around again and tried to rise, and some time later made upward impulse.
Gold finally broke support level, exited from falling channel, and continued to rise in pennant pattern.
In pennant, price made fake breakout of $2420 level, after which declined to support line, where continues to trades now.
In my mind, XAU can bounce up from support line, exit from pennant, and continue to rise to $2380
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price bounced up to resistance level, which coincided with resistance area, and at once turned around.
Also, price started to decline inside falling channel, where it declined lower than $2315 level, breaking it.
But when Gold reached $2277 points, it turned around again and tried to rise, and some time later made upward impulse.
Gold finally broke support level, exited from falling channel, and continued to rise in pennant pattern.
In pennant, price made fake breakout of $2420 level, after which declined to support line, where continues to trades now.
In my mind, XAU can bounce up from support line, exit from pennant, and continue to rise to $2380
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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