Lingrid | GOLD correction followed by TREND CONTINUATION

The price perfectly fulfilled my last idea. It bounced off the entry zone. XAUUSD is heading towards the support levels after forming a clear double top pattern. The price has already tested the 50% level of the previous Friday's range, indicating a potential reversal. On the daily chart, we see a long-tailed candle that suggests a liquidity grab above the key level of 2330, but the price failed to close above this resistance. Moreover, the market has broken out of the ascending channel, which is pullback against bearish move. I expect it to continue moving downwards. My goal is the support level of around 2290.

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

Trade chiuso: obiettivo raggiunto:

Gold has reached targeted area