Hi guys, this is my overview for GOLD, feel free to check it and write your feedback in comments👊
A few moments ago price reached resistance level, but then bounced and started to flat, breaking this level again.
In flat, price declined to support level, which coincided with support area, and then started to grow.
In a short time, Gold exited from flat, breaking $3325 level and then entered to pennant, where it started to fall.
Price soon broke $3325 level again and made a gap, after which dropped to support line of pennant, breaking $3205 level.
But then price quickly turned back, breaking $3205 level again and even reached resistance level, after which corrected.
Now I think that Gold can decline to support line of pennant and then bounce up to $3380, exiting from this pattern.
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.
A few moments ago price reached resistance level, but then bounced and started to flat, breaking this level again.
In flat, price declined to support level, which coincided with support area, and then started to grow.
In a short time, Gold exited from flat, breaking $3325 level and then entered to pennant, where it started to fall.
Price soon broke $3325 level again and made a gap, after which dropped to support line of pennant, breaking $3205 level.
But then price quickly turned back, breaking $3205 level again and even reached resistance level, after which corrected.
Now I think that Gold can decline to support line of pennant and then bounce up to $3380, exiting from this pattern.
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.
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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.