WalterMoon

GOLD - Price can rise a little and then bounce down to $2185

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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 falling channel, where started to decline between support level, which coincided with support area.

Later Gold one more time broke this level and fell to support line of channel, but at once turned around and made upward impulse.

After this, price broke $2040 level again, exited from falling channel, and entered to rising channel.

In this channel, XAU reached $2185 level, which coincided with support area, and soon broke this level.

Also then price reached resistance line, and then fell back, but recently XAU rose to this line again and now trades close.

In my mind, Gold can rise higher than resistance line of channel and then bounce down to $2185 level.

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