GOLD - Price can start to decline, breaking support level

2 days ago

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

Some days ago price fell inside falling channel, where it soon reached and broke at once $2720 level.

Then price continued to decline and later fell to $2535 points, after which XAU started to grow.

Price exited from falling channel and soon entered to flat, breaking $2620 level, where it soon reached top part.

After this, price was corrected and some time traded near $2620 level, and then grew to top part one more time.

But soon, Gold turned around and declined Below $2620 level, exiting from flat and recently rising back to this level.

Now, I think that Gold can make a small move up and then start to decline to $2540

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2 days ago

Trade active

Great! The price broke the support level a little, and it declined. So, I think it can rise to this level and then continue to fall to my target.