Gold can decline of resistance level to support line of channel

Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a not long time ago entered to downward channel, where it first rose to the resistance line, but soon rebounded and declined to the support line, thereby breaking the 2040 resistance level, which coincided with seller zone. After this movement, the price rose to the seller zone, but at once rebounded and then continued to decline in the channel, making a fake breakout of the 2040 level. When it reached the resistance line again, XAU made a downward impulse from this line lower than the 1995 support level, which coincided with the buyer zone, thereby also exiting from the downward channel. After this, Gold turned around and started to rise in an upward channel, where it soon broke the 1995 level and made a retest, after which continued to move up. In a short time later it reached the resistance line of the channel and then turned around and declined to support line of the upward channel. But a not long time ago it rebounded from this line and rose to the seller zone, and recently Gold rolled down and now it trades close to the resistance level. In my opinion, Gold can grow a little higher resistance level, after which the price will decline to support line of channel or even a little lower. For this case, I set my target at the 2020 points, which coincided with the support line of the upward channel. Please share this idea with your friends and click Boost 🚀