WalterMoon

GOLD - Price can exit from wedge and fall to $2320 points

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👊

Some days ago price entered to pennant, where it bounced from resistance level and rose to resistance line of pennant.

After this, price made downward impulse lower $2375 level, breaking it and then rose to this level again.

Price fell to support line of pennant, after which in a short time rose to almost resistance level, exiting from pennant.

Then price started to trades inside wedge, where it first declined to support line and then bounced up to $2375 level.

Gold made a fake breakout of this level, after which started to decline, and now it trades near support line of wedge.

Possibly, Gold can rise to resistance level and then bounce down to $2320, exiting from wedge.

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