GOLD will falling in channel

Strong market excitement has ended and gold is adjusting the price.
Despite the fact that the price tried to break through the resistance zone that I mentioned last time, I am sure that the price will go down. Most likely it was only a breakout attempt.

The price has no momentum for such a strong move (remembering how much it has risen recently).
Now I expect it to start dropping in the channel.

Plus, the upper channel line - the resistance line has been in existence since July 2020.
I marked the price touches on this line. In most cases, the price changed direction after that.

I expect it to happen again now.
Gold weakened after a strong surge.
The impetus for its growth - the uncertainty of the US elections - was blown away.
Plus - on the technical chart, the price is at a strong resistance line.
Everything speaks of falling.
I expect a target - a support zone at the intersection of two lines.

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