Lingrid | GOLD approches LAST Year HIG: a Possible SELL

l’altro ieri

The price perfectly fulfilled my last idea. It reaced the target zone. As I mentioned previously, the price is approaching November high and last year's, which is also the all-time high level. I think at the resistance zone around 2770-2780, there’s a good chance the price will bounce, creating a small pullback. I expect the market to seek liquidity above the November high before moving to lower levels, as markets typically do not break through strong levels easily. Breakouts usually occur on the third or fourth attempt. Therefore, given that we don't have any high-impact news today, I expect a rejection at resistance followed by a bearish move. My goal is support zone around 2705

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

l’altro ieri

Trade attivo

The market has reached the November high, and a fake break of it on the daily timeframe could potentially indicate a pullback. Moreover, if it retests the resistance zone, it may form a divergence, signaling a possible shift in market momentum. Today's high-impact news could inject significant volatility into the market. Given this situation, it's possible that the market may experience a sideways movement around 2750 level until Friday or even the following week. I expect the price to move downwards, breaking through the channel border. My goal is support zone around 2715