Gold trades close to top part of chanel and can start decline
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Today we will look at the price of XAU/USD.
I draw your attention to the graph, where we can see how the price formed an upward channel.
Now the price is under the resistance line.
In my opinion, the price can start to decline and drop to the support line.
In this case, I set 2 targets.
1 target at level 1740; 2 the target is at level 1710, which coincide with the support line.
I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits.
Today we will look at the price of XAU/USD.
I draw your attention to the graph, where we can see how the price formed an upward channel.
Now the price is under the resistance line.
In my opinion, the price can start to decline and drop to the support line.
In this case, I set 2 targets.
1 target at level 1740; 2 the target is at level 1710, which coincide with the support line.
I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits.
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