Gold trading in descending Channel

FX:XAUUSD   Gold Spot / U.S. Dollar
141 0 0
Gold now is in descending channel , any breakout of 1180 levels will target 1205 levels "38% fibonacci" and my reach even further 1225 levels "50% fibonacci level", any reversal from 1180 level will bring bearish scenario continuation to 1130 levels
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