WalterMoon

GOLD - Price can bounce down of resistance line and start fall

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi guys, this is my overview for XAUSD, feel free to check it and write your feedback in comments👊

When price bounced up from $1905 - $1900 support area, it grew to $1960 level.

After reaching this level price started to decline and fell below $1900 level, thereby breaking it.

Then Gold few times traded inside downward channel and declined to support area.

Also, price tried several times to break $1820 level, and on fourth try finally broke this level.

At the moment Gold trades close to resistance line and I expect that price can bounce down of line.

Next, Gold can start to decline and maybe fall to $1805 - $1810 support area.

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