Gold rises slightly, then rebounds

7시간 전

In the chart we can see how the price fell to the trendline and then started to rise inside the pennant. In this pattern, the price rose near the trendline for a while, then bounced to the support area, which coincides with support level 2. Then the price adjusted, then continued to rise and soon broke through support level 2, and then rose to the resistance line of the pennant. Then gold turned around and began to fall, and quickly fell to support level 2, which coincides with the trendline, and then rebounded. The price gapped and then exited the pennant, and then continued to rise to support level 1, which coincides with another support area. Soon, gold broke through this level, rose slightly and retested after the breakout. After this, the price rebounded and continued to rise, and is currently trading near 2790 points. So, in my opinion, XAUUSD will reach 2795 and then start to fall to the support level of 2715 that I set as the target.

2시간 전

액티브 트레이드

Trading: active