Lingrid | GOLD Correction and Path to Continuation

6 giorni fa

The price perfectly fulfills my last idea. It reached target. XAUUSD is currently pulling back toward lower levels. The market has formed equal lows, and the price may drop below these equal lows before pushing into higher zones. I believe if the price rejects the support zone around 2665 and the upward trendline, there is a good chance the market will bounce back. This support level has been respected multiple times, as it acted as the top of the consolidation zone before. I expect the price to move lower, potentially testing the equal lows and the previous day's low, followed by a bullish reversal. My goal is resistance zone around 2700

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