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GOLD - Price can reach resistance level and try to break it

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Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

Some days ago price started to decline in falling channel, where it declined to $1965 support level, which coincided with support area.

After this, Gold bounced to resistance line, but soon bounced of this line and in a short time fell lower than $1965 level, breaking it.

Also then, price reached support line, bounced, and started to move up to $2035 resistance level, exiting of channel and breaking $1965 again.

When price rose to $2035 level, it broke it and made impulse to $2145, after which fell back to support line.

Now, Gold trades near this level and I think price can fall to support line and then bounce up to $2080, thereby breaking resistance level.

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Penafian

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