GOLD - Price can break support level and exit of rising channel
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
After price bounced from $1915 level, which coincided with resistance area, it made strong upward impulse to $1990 points.
Also, Gold broke $1955 level and even made correction to support line of wedge, and some time later it reached resistance line too.
Then price fell below $1915 and $1955 resistance levels, but soon it bounced up and exited from wedge, entering to rising channel.
In channel, price rose higher $1915 support level and at the moment Gold trades near this level.
Possibly Gold can break support level, fall to support line of channel, and even break this line too.
After breakout, price can make retest and continue to move down to $1890 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
After price bounced from $1915 level, which coincided with resistance area, it made strong upward impulse to $1990 points.
Also, Gold broke $1955 level and even made correction to support line of wedge, and some time later it reached resistance line too.
Then price fell below $1915 and $1955 resistance levels, but soon it bounced up and exited from wedge, entering to rising channel.
In channel, price rose higher $1915 support level and at the moment Gold trades near this level.
Possibly Gold can break support level, fall to support line of channel, and even break this line too.
After breakout, price can make retest and continue to move down to $1890 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️