GOLD - Price can decline to support area and then start to grow

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

Some time ago price traded inside a flat pattern, where it moved between support and resistance levels.

Then gold made fake breakout to the downside, but soon returned back and started to grow strongly.

It broke the upper line of the flat and entered a rising channel, forming a steady bullish movement.

Later price touched $3160 resistance and bounced down, making correction to $3070 support area.

Now gold trades inside rising channel and near $3070 level, showing signs of slowing the decline.

In my opinion, gold can bounce from support and reach $3160 resistance as the next upward target.

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