GOLD - Price can exit from wedge and fall to $2625 level

17 Okt

Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊

A not long time ago price fell to $2625 level and then bounced up to $2665 level, after which started to decline inside channel.

In falling channel, price some time reached $2665 level, but couldn't break it and later Gold fell below $2625 level.

Price exited from falling channel and started to grow inside wedge, where it broke $2625 level one more time.

Later price made a gap and made correction to support line of wedge, after which bounced up to resistance line.

Also, price broke $2665 level, and at the moment it continues to grow near resistance line of wedge.

So, I think, Gold can rise a little, exiting from wedge, and then bounce down to $2625 support level.

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