Lingrid | GOLD pullback and CONTINUATION trade

2 days ago

The price perfectly fulfilled my previous idea. It hit the TP level. XAUUSD has broken and closed above the downward channel, which is a strong bullish signal. As noted, the price is approaching the all-time high (ATH) level, and there is a possibility that the market may roll back from that level as traders take profit or reevaluate positions. However, given the bullish momentum the price has gained, it is likely that the market will continue moving higher even if there is a slight pullback. If the price does pull back, watching for signs of rejection near key levels could provide confirmation for further upside. My goal is resistance zone at 2698

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

19 hours ago

Trade active

The price has nicely bounced off the level I mentioned yesterday. The market has formed a double top at the all-time high level. With high-impact news today, I anticipate increased volatility and potential price spikes, so we should remain vigilant. If the price dips below the support level, we can expect the next support level to be around 2630. Conversely, if the market establishes a rejection level, we could see the price move above the equal high and test the key round number at 2700. My goal on the 1H is resisatance at 2695