The price for XAUUSD is moving nicely
in 2 descending channels.
It is now very near the support of the smaller channel
which the price can potentially bounce.
If that level does not hold,
it is very likely to test the support of that
larger channel and a big comeback from there.
in 2 descending channels.
It is now very near the support of the smaller channel
which the price can potentially bounce.
If that level does not hold,
it is very likely to test the support of that
larger channel and a big comeback from there.