WalterMoon

GOLD - Price can fall a little more and then it start to rise

Long
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👊

Recently price bounced up from support line of wedge, which coincided with resistance level within the area and rose to resistance line.

After this movement, Gold started to decline and in a short time it fell to $1900 level, thereby breaking $1950

Later price bounced up, exited from wedge, and entered to flat, in which Gold few time tried to rise to $1950 level.

But price failed and made strong downward impulse to $1860 point, exiting from flat and breaking $1900 level with resistance area.

At the moment I think that Gold can decline a little more and then start to rise to $1880

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