After a beautiful display of manipulation from XAUUSD price moved strongly back into the descending channel, ever since then we have seen nothing but consolidation in anticipation for the next move. Although price is travelling back in the descending channel we are failing to break this strong support level which suggests to me buying pressure could be around the corner. If we do manage to break the support then we can look at selling off into the lower trendline of the channel, let's see what happens.
