Gold can make retest of resistance line and continue to decline

Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a few days ago started to trades in an upward channel, where it first rebounded from the support line and made impulse up to the resistance line, breaking the support level, which coincided with the buyer zone. After this movement, Gold made a correction to the buyer zone, after which it continued to move up in the channel to the 2085 resistance level. When the price reached this level, it rebounded and made a strong downward impulse to support line, thereby exiting from the channel. After this movement, XAU started to rise near this line, and in a short time, it rose to the resistance level again and even made a fake breakout to the seller zone, after which the price rebounded down to the support line. Also recently, Gold broke this line, and at the moment it trades below. In my opinion, Gold can make a retest of the resistance line and then continue to decline to the support level. For this case, I set my target at the 1980 points, which coincided near with 1950 support level. Please share this idea with your friends and click Boost 🚀