Gold trades in downward channel and can continue to decline

Hello traders, I want share with you my opinion about Gold. Looking at the graph, we can see how Gold retested the support area and continued to move up. The price reached the resistance level 2045, made a fake breakout, then returned and began to decline. Over time, Gold created an upward channel and trades inside. We can see how the price recently rose to the resistance line of the channel, retested it and continue to decline. Gold is now trading below the resistance line and can continue to fall. I think the price can break through the support area and keep going down. After a possible breakthrough of the support area, the price can drop to the support line of channel. So I decided to set the targets for Gold in the support area 1980-1975 and at level 1950, which coincide with the support line of channel. Please share this idea with your friends and click Boost 🚀