WalterMoon

GOLD - Price can bounce up from support line of wedge to $2045

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 entered to falling channel, where it declined to support line, breaking $2020 support level.

But soon, price turned around and rose to resistance line of channel, breaking this level again, which coincided with support area.

Next, price grew higher resistance line of channel and made downward impulse, breaking $2020 level again.

Gold exited from falling channel and started to trades in wedge, where it bounced from support line and rose back to $2020 level.

In a short time later, price broke it and rose to resistance line of wedg, but a not long time ago fell back.

Now, I think Gold can bounce from support line and start to rise to $2045 resistance line of wedge.

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