Lingrid | GOLD potential for TREND Continuation

3 giorni fa

The price perfectly fulfilled my last idea. It hit the target. XAUUSD market moved lower, forming a false break of the downward trendline, as I mentioned yesterday. The price is now rolling back toward the support level around 2650. I think the price may dip below the previous day's low and then bounce back if the upcoming news does not push the market lower levels. Consequently, the market may retest 60% of the previous weekly range. Given that the market is making higher highs and higher lows, I expect the price to retest the recent resistance zone again, especially if the price rejects the support level and the upward trendline. My goal is resistance zone around 2696

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

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Trade attivo

The price nicely bounced off the support level and is moving upward, as I noted yesterday. The market broke and closed above the range zone below, indicating strength. I think the market will retest the recent resistance zone and could potentially move higher, closing the 2700 psychological level. With the Core CPI report coming out today, there is a possibility that the price could swing in either direction. However, given the current bullish momentum, I expect the market to test previous week's high again. My goal is resistance zone around 2699

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Trade chiuso: obiettivo raggiunto

The target at 2696 reached 🤝

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Nota

Full target reached