Lingrid | GOLD ready to BREAK OUT of the CONSOLIDATION zone ?

Sep 11

The price perfectly fulfilled my last idea. XAUUSD is currently pushing upward and making higher highs, with the price reaching the top of the established range zone. This resistance zone is a key level to watch; a breakout above it could open the door for higher targets, potentially reaching 2550. With the CPI news set to be released today, there's a chance that the price may bounce off the top of the range and continue to move sideways in the short term. However, the price action at this level might also indicate preparation for an upside break, especially if positive news is announced. A breakout could signal a shift in bullish sentiment, while a rejection could reaffirm the range-bound continuation. My target is resistance at 2540

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