Lingrid | GOLD bullish MOMENTUM in the MARKET

ieriThe price perfectly fulfilled my last idea. It hit the target. Currently, XAUUSD is testing last week's high, and there's a possibility of a short-term pullback. On the 4H timeframe, the market has closed bullish, indicating strong bullish momentum. Since the market bounced off the 2550 support zone that I highlighted in my last post, I believe it may continue moving higher, potentially surpassing the 2600 level, as there appears to be minimal resistance aside from the round numbers. Following the recent FED rate cut decision, it seems likely that the price could eventually reach the 3000 level. I view any short-term pullback as an opportunity to go long in this market. My target is resistance at 2605


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

5 ore fa

Trade chiuso: obiettivo raggiunto

Like a glove. TP was hit