Oro / Dollaro
Short

GOLD - Price can continue to move down in falling channel

1 007
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

Some days ago price bounced from support level and started to grow to $3400 level, making a small correction before.

When it reached this level, price entered to wedge, where it made a correction and then started to grow.

In a short time, price exited from wedge and soon broke $3400 level, but then it started to decline in a falling channel.

In falling channel, Gold broke $3400 level one more time and in a short time declined to $3305 support level.

After this movement, Gold turned around and started to move up to resistance line of channel.

I expect that Gold can reach resistance line of channel and then start to decline to $3295 support area.

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