Gold can break support line of wedge and continue to fall

Hello traders, I want share with you my opinion about Gold. Looking at the chart, we see how the price re-tested the buyer area and started to rise. For a long time, the price moved up and broke through the resistance level 1960. Over time, Gold has formed an upward wedge and is traded inside. Recently, the price bounced off the support line of wedge and continued to rise. We can see how the price retested the resistance line of wedge and started to go down. Gold is currently trading close to the support line of wedge and can continue to fall and break through it. I think that after a possible breakdown, the price can continue to decline and reach the support level. In this case, I set the targets for Gold at level1980 and at the support level 1960. Please share this idea with your friends and click Boost 🚀