WalterMoon

GOLD - Price can bounce down and fall to $1930 level

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

A few days ago price traded inside rising channel and when Gold reached $1860 point, it fell below $1845 level.

Next, price bounced up to $1915 level, thereby breaking $1845 level again and making correction to support line.

Also recently Gold started moving inside wedge near mirror level.

As well price broke this level a few times, but on the third try, it moved up to resistance line.

Now, Gold trades close to support level, and in my mind price can start to fall.

Besides price can break support level, make retest, and continue to move down to $1930 level.

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