WalterMoon

GOLD - Price can make small movement up and then start fall

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 time ago price started to decline in falling channel, where firstly it reached resistance line and then bounced down.

After this, Gold fell to support level, which coincided with support area, and then rose to resistance line.

Then price declined to support area, but soon turned around, exited from falling channel, and entered to rising channel.

In this channel, price made a fake breakout of $2005 level and later reached $2160 level, which broke too.

Next, XAI rose to resistance line of channel, but recently it declined to $2160 level, where now trades near.

Possibly, Gold can make a small movement up, after which bounce down to $2105 support line, breaking support level.

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