Lingrid | GOLD Signs of Possible CONSOLIDATION phase. Short

5 giorni fa

In your weekly post, I mentioned expecting a potential deep correction in the market, and it appears that the scenario is unfolding earlier than anticipated. XAUUSD market has dropped, breaking below the upward trendline and the resistance zone around 2920-2930. This breakout suggests that the price may have entered a consolidation phase. The double top, coupled with the fake breakout of PWH, indicates a potential short term shift in market sentiment that could lead to further declines. I expect short term bearish move from the range zone above and it seems plausible that the price may dip below the previous weekly low. My goal is support zone around 2888

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

4 giorni fa

Trade chiuso: obiettivo raggiunto

The market reached the target level