Breakdown of the local channel on XAUUSD

Apparently, gold broke through the ascending local channel. The resistance level (1690) in my opinion is strong. Therefore, in order to break through this level, the price needs to roll back. The week ended for America on a good note, so Monday will be bullish for the dollar. So I come to the conclusion that in the short / medium term there will be a decrease.

Trade closed: target reached