Lingrid | GOLD Price Surge Cooling Short-Term Pullback

The price perfectly fulfilled my previous idea. XAUUSD has printed a new ATH near 3,870 after completing two strong impulse legs within the upward channel. Price action is showing signs of exhaustion at the resistance zone, suggesting a short-term retracement phase is underway. A pullback toward 3,800 support is possible before any fresh attempt higher. The broader structure still favors bullish continuation as long as the channel trendline holds.

⚠️ Risks:

• A sustained breakout above 3,870 could invalidate the retracement outlook.
  
• U.S. economic data could shift sentiment abruptly.
  
• Rising Treasury yields may cap gold’s upside momentum in the near term.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!