GOLD - Price after rise movement, can fall to 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, but soon turned around and rose to $2055 level.
Then price fell to $2005 level, which coincided with bottom part of flat with support area and at once bounced up.
After this, Gold reached $2055 level again and then in a short time declined lower than $2005 level, breaking it and exiting from flat.
Next, price started to move up in rising channel, where soon broke $2005 level and later reached $2055 level.
Also, price broke $2055 level and bounced up to $2090 points, but then turned around and started to fall.
In my mind, Gold can continue to move down to $2055 support level, which coincides with support area.
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, but soon turned around and rose to $2055 level.
Then price fell to $2005 level, which coincided with bottom part of flat with support area and at once bounced up.
After this, Gold reached $2055 level again and then in a short time declined lower than $2005 level, breaking it and exiting from flat.
Next, price started to move up in rising channel, where soon broke $2005 level and later reached $2055 level.
Also, price broke $2055 level and bounced up to $2090 points, but then turned around and started to fall.
In my mind, Gold can continue to move down to $2055 support level, which coincides with support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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