WalterMoon

GOLD - Price can bounce up from support area to $2475

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👊

Some days ago price entered to flat, where at once it declined to support area, after which bounced up.

Price tried to break $2035 level, and even rose higher, but soon turned around and declined back, making fake breakout.

Soon, Gold made an upward impulse, breaking $2035 level and exiting from flat also, after which entered to rising channel.

Inside channel, price rose a little more, after which made correction to support line and then continued to move up.

Later XAU broke $2325 level, which coincided with support area, and then reached resistance line, but recently it corrected.

Now, I think that Gold can decline to support area, after which XAU can continue to rise to $2475

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