Gold can break support level and fall to support line of channel

Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price made impulse down from the resistance line of the pennant lower than the current support level, which coincided with the support area, thereby breaking it. After this, the price some time traded and then rose back to the support area, where it reached the resistance line of the pennant and then rebounded down to the support line, breaking the 2310 level, but soon Gold rose higher this level, breaking it one more time. Then it in a short time rose to the resistance line of the pennant, turned around, and fell to the support line, after which the price exited from the pennant pattern and declined to lower the 2310 level again. But then Gold started to grow inside the upward channel, making a fake breakout of the support level, which coincided with the buyer zone and later it rose to the current support level. A not long time ago, XAU broke this level and now it trades very close to the 2390 level, near the resistance line of the channel. For this case, I think that the price can make a small correction movement, and then reach the resistance line, after which starts to decline to the support line of the channel, breaking the support level. So, that's why I set my TP at 2360 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀