Gold can decline a little more and then bounce up

Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that firstly price rose a little and then start to fall inside the downward channel, in which later price broke the resistance level. In the channel, the price declined to the current resistance level, which coincide with the resistance area. Next price bounced up, exited from the channel, and tried to rise to the resistance level, but failed and fell back to the area. A few moments later, Gold bounced up again, but at a short time started to decline and fell lower of the resistance area with level, thereby breaking theirs. A not long time ago price made a fake breakout, but soon fall back and at the moment trades a close resistance level. Possibly Gold can decline more and then bounce up to the resistance level. Also maybe, it can break this level, make a retest, or continue to grow without a retest. therefore I set the target at the 1950 level. Please share this idea with your friends and click Boost 🚀