GOLD | Descending Channel & Major Support Area..!!

#XAUUSD #GOLD (Update)


Gold Has been Moving in descending Channel Pattern from last 4 Months.

At the Moment, Gold is Moving Above the Strong Horizontal Support Area (1750), In my Opinion, It Might test the Support Before Another Bullish Wave towards the Descending Resistance (1900).

In Worst Case, If GOLD Bulls Lost the Support Area then I'm Expecting Big Dump..!!

At the Moment, I'm Not Taking Any trade in GOLD Until Strong Confirmations..(If You're Looking for Buying Opportunity the Wait for Support Area, Don't Catch the Falling Knife)



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