Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
In this chart price formed a triangle pattern, where it first declined to support line and then made an impulse up.
After this, Gold broke $3165 level and, after a small correction reached and broke $3400 level too.
Then it rose to resistance line of triangle and dropped below $3400 level, breaking it one more time.
Price tried to back up, but failed and dropped more to support line of triangle, after which started to grow.
In a short time price rose to resistance line of triangle, which coincided with resistance level and area.
Now, I think that Gold can drop from resistance area to $3250 point of support line of triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
In this chart price formed a triangle pattern, where it first declined to support line and then made an impulse up.
After this, Gold broke $3165 level and, after a small correction reached and broke $3400 level too.
Then it rose to resistance line of triangle and dropped below $3400 level, breaking it one more time.
Price tried to back up, but failed and dropped more to support line of triangle, after which started to grow.
In a short time price rose to resistance line of triangle, which coincided with resistance level and area.
Now, I think that Gold can drop from resistance area to $3250 point of support line of triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Trade active
Great! Price started to decline.Trade closed: target reached
I expect that price will reach my target on Monday! Keep monitoring.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.