GOLD - Price can bounce down from resistance line of channel

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

Gold broke out of its long-term rising channel and hit $3390 resistance level before momentum definitively stalled.

That failure marked a shift in control, as sellers forced price into a falling channel, establishing lower highs and lower lows.

Price fell to support level, after whcih it turned around and bounced up to resistance line of falling channel.

Now, Gold tests the upper boundary of the falling channel near $3318, where each bounce has been capped by declining volume.

Key support lies in the $3250 - $3235 area, aligned with multiple prior demand tests and the former rising-channel floor.

I expect Gold to reverse from the channel resistance and slide toward $3235, decisively breaking below the $3250 level.

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