WalterMoon

GOLD - Price can correct almost to support line, and bounce up

Long
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👊

When price made downward impulse from resistance level, it declined lower than $2025 level, thereby breaking it.

Also soon, price turned around and started to move up in rising channel, where later Gold rose higher than $2025 level.

But later, price in a short time declined below again to support line of channel, and some time traded near this line.

After this, price made upward impulse from this line to resistance area, breaking $2025 level again.

A not long time ago, Gold turned around and declined to support line of channel, making fake breakout.

Now, I think that Gold can little correct almost to support line of channel and then continue to rise to $2055 level.

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