WalterMoon

GOLD - Price can bounce from resistance line and start decline

做空
OANDA:XAUUSD   黄金现货/美元
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

Recently price started to move up in rising channel, where it first broke $2200 level and declined to support line.

But soon, Gold reached $2200 level, broke it one more time, and continued to move up inside rising channel.

Later price reached $2350 level and at once bounced below, after which in a short time XAU entered to support area.

Price exited from this area and declined lower $2350 level, but recently Gold turned around and made upward impulse.

After this movement, price broke $2350 level one more time and almost reached resistance line of channel.

Now, I think Gold can touch this line and then bounce down to $2340 support line of channel, breaking support level.

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