XAUUSD LONG OPPORTUNITY

The weekly chart, price shows us XAUUSD has been rallying to the upside since April 01st 2019, but started a correction phase at 2071.949 to 1678.170. In the downward channel, I see price bounced off support level at 1678.170, for a possible rally back to the upside. On the 4hour TF, price is approaching key level 1773.973 impullsively. A break of this level would give me a reduced risk entry at the retest for a possible move to 1794.494
Chart PatternsTrend Analysis

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