Gold can rebound of support line and then start to rise

1119
Hello traders, I want share with you my opinion about XAUUSD. Looking at the chart, we can see that price a few days ago declined near the support line and later fell below the resistance level, which coincides with the seller zone. Next, the price tried to grow, but failed and in a short time declined to the support level, which coincide with the support area too. After these movements, Gold bounced to the seller zone, but at once roll down and fell below the support area, where later the price started to rise inside the upward channel. Inside channel price back a higher of support level with the area and even made a fake breakout of the resistance line, after which it declined a little and then reached the resistance level. But a not long time ago Gold bounced down and now trades close support level, and I think that Gold can make correction to the support line of the channel and then start to move up to the resistance level. For this case, I set my targets at 1925 and the next target at 1935 resistance levels. Please share this idea with your friends and click Boost 🚀

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