WalterMoon

GOLD - Price can turn around and start decline to support area

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 entered to falling channel, where it declined to support level, which coincided with support area.

After this, XAU tried to rise, but when it reached resistance line, it bounced and declined lower than $2015 level, breaking it.

Also, Gold exited from falling channel, turned around, and started to move up inside rising channel.

In this channel, price soon broke $2015 level and reached resistance line, after which XAU made a strong upward impulse.

Price exited from rising channel and reached $2120 level, and soon broke it too, after which XAU continued to grow.

Now, I think that Gold can turn around and start to decline to $2110 support area.

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