GOLD - Price can little correct and then bounce up to $2825

2024年10月31日

Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

Not long ago, price bounced from $2665 support level and fell below it, after which it started to grow inside rising channel.

In channel, Gold broke $2665 level one more time and later rose to resistance line of channel, after which made little move down.

Then Gold rose to $2755 level, after which bounced down to support line of channel and then continued to grow.

Later price made a gap, after which fell back to support line and then bounced up, breaking $2755 level.

Price a little rose, after which it started to decline, so, in my opinion, Gold can little decline.

After this movement, price can turn around one more time and then start to grow to $2825 resistance line of channel.

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