GOLD - Price can continue to move up inside rising channel

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

A few moments ago price started to decline inside pennant, where it fell to support line, breaking support level.

Soon, price turned around and made upward impulse to resistance level, breaking $2385 level and exiting from pennant.

Next, price bounced from resistance level and fell to support area, after which started to grow in rising channel.

Inside channel Gold reached $2470 level, at once fell below, and then rose to resistance line of channel, breaking $2470 level.

After this movement, price corrected to $2470 level, and a not long time ago started to move up.

In my mind, Gold can fall to support area and then continue to move up inside rising channel to $2540

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GoldParallel ChannelPennantXAUXAUUSD

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