Breaking below bearish channel
would depreciate price of xauusd
to much lower levels, but for now we're still in it and h4 candle with double bottom
from new support line giving nice chances for bull's to ride 1260, also it would similar angle for diamond top formation and meaning reverse of gold
to hard downtrend and invalidate breaking the wedge
on 1W and 1M timeframes.
Trade levels and S&R zones are marked by color.
Good luck and happy trading everybody.
P.S. my stops should be much smaller cause would use smaller time-frame for more precise enter to position