GOLD - Price can bounce from resistance line to $2330 level
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in commentsđź‘Š
Some time ago price bounced from $2330 level and little declined, but soon turned around and started to grow in channel.
In channel, price at once broke $2330 level and then continued to move up, until it reached $2425 resistance level.
Gold little corrected and then in a short time rose to $2483 points, breaking $2425 level and exiting from rising channel.
After this movement, price started to decline near resistance line and soon broke $2425 level one more time.
Then Gold tried to grow but failed and continued to decline, but now it trades near resistance line again.
So, I think price can reach this line and then bounce down to $2330 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price bounced from $2330 level and little declined, but soon turned around and started to grow in channel.
In channel, price at once broke $2330 level and then continued to move up, until it reached $2425 resistance level.
Gold little corrected and then in a short time rose to $2483 points, breaking $2425 level and exiting from rising channel.
After this movement, price started to decline near resistance line and soon broke $2425 level one more time.
Then Gold tried to grow but failed and continued to decline, but now it trades near resistance line again.
So, I think price can reach this line and then bounce down to $2330 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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