XAUUSD IDEA

After a busy week, the metal may go into a consolidation phase. In the area of 2714 - 2685, but it is still worth paying attention to resistance and support from which strong moves can be formed
Resistance levels: 2696, 2714, 2720
Support levels: 2685, 2652
Technically, xauusd is in a local descending channel and below 0.5 Fibo. If the bears keep the price below 2696 the price is under control, xauusd may continue to weaken towards 2650 - 2600.