Tradersasi23

XAUUSD - Channel pattern - Big break !!

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price forming a channel pattern and as discussed in the previous analysis, price has no room to move further as it was squeezed to its maximum limits was expected a break and it breaks down strong.

One can expect a small retest of the breakout levels and expect the price to move further down to the channel as per the pattern. Keep an eye on the support levels.

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Comment: Took the channel support as expected and went up to the channel top and trading around the top.