RLinda

GOLD ! The price has returned to a large downward channel

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
For GOLD, the situation is quite interesting:
On the chart, I showed a strong downward price channel. The price breaks it up and forms a strong 12% momentum to 2070, where the price is stopped and the market reverses.

But what is more interesting is that the price has again returned to the borders of the downward price channel.
The resistance breaks down and the price enters the sideways range between the levels of 1833 and 1754. Since the resistance has been tested, I think that the price can reach the liquidity zone from the support

I expect gold to fall from the resistance zone in the short term to support 1874. In the medium term to support 1754.9

Sincerely, R. Linda!

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