Gold Price News and Forecast: XAU/USD trades near rising channel support

FXStreet Team FXStreet

Gold Price Analysis: XAU/USD trades near rising channel support

Gold is trading near $1,895 at press time. That level is housing the lower end or support of the trendline connecting Sept 28 and Oct 7 lows and Oct 2 and Oct 12 highs.

The channel breakdown, if confirmed, would imply a resumption of the sell-off from the Sept 16 high of $1,973 and open the doors to the September low of $1,848.

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Gold (XAU/USD):Price Analysis, Investing and Trading with Technical Analysis Elliott Wave Forecast and Trading Levels - tradinglounge.com
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