WalterMoon

GOLD - Price can fall to support level and start to rise in flat

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👊

Recently price broke $2170 level and started to trades in support area, after which made upward impulse.

Price one more time broke $2170 level and later made correction movement, after which started to grow in a rising channel.

Inside channel, Gold rose to $2300 level, which coincided with support area, and soon broke this level.

Then price exited from channel and started to trades in flat, where it at once made a strong upward movement.

But recently Gold turned around and in a short time declined to $2300 support level, where now continues to trades near.

So, I think that XAU can decline to support level again and then start to rise to $2380 in flat.

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