GOLD - Price can correct and then continue to grow in channel

12 Des 2024

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

A few moments ago price bounced from $2710 resistance level and in a short time declined to $2536 points, breaking $2615 level.

Price started to grow inside a rising channel, where it soon broke $2615 level one more time and rose to resistance area.

But then, price corrected to support level, after which some time traded near it and then continued to grow.

In a short time, Gold rose to resistance level and then entered to resistance area, but later bounced down.

Thereby price makes a fake breakout of $2710 level, so, now I think that XAU can decline a little more.

After this, price can turn around and then rise to $2760, breaking resistance level inside a rising channel.

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13 Des 2024

Trade aktif

Great! Gold declined a little, so, now I expect that it continue to grow inside a rising channel.