SimpleFX XAUUSD Chart Analysis: September 30, 2019

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At the moment, the price is moving inside the green channel. It is likely that the price target is the support level of 1460.7, which is on the lower bound of this channel. The path to this level will be opened in case of a breakdown of the support level of 1487.7, which is located on the lower border of the yellow channel. However, it is not clear with what force the yellow channel affects the price behavior. If in the near future we see a rebound from the level of 1487.7, and the price goes in an upward direction, then within a few trading days it is possible to reach the upper bound of the green channel and the resistance level of 1520.4.
SELL Gold        BUY Gold

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