GOLD - Price can start to fall to $2430, breaking support level
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 flat, where it firstly little declined and then rose to top part of flat.
Then it fell to $2305 support level, after which bounced, and some time traded near and then fell back to this level.
Next, Gold turned around and made strong upward impulse, thereby exiting from flat and entering to wedge.
In wedge, price rose to resistance line from support line, but soon turned around and fell back to support line.
After this, price bounced up from this line, thereby breaking $2430 level and exiting from wedge too.
At the moment, I think that Gold can rise a little more and then bounce down to $2430, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price entered to flat, where it firstly little declined and then rose to top part of flat.
Then it fell to $2305 support level, after which bounced, and some time traded near and then fell back to this level.
Next, Gold turned around and made strong upward impulse, thereby exiting from flat and entering to wedge.
In wedge, price rose to resistance line from support line, but soon turned around and fell back to support line.
After this, price bounced up from this line, thereby breaking $2430 level and exiting from wedge too.
At the moment, I think that Gold can rise a little more and then bounce down to $2430, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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