Lingrid | GOLD potential SHORT trade

The price perfectly fulfilled my last idea. It hit the target. XAUUSD is heading towards support levels. The price is testing the support and lower border of the upward channel. That's why we may have some pullbacks. However, the price failed to close above the strong resistance. The market formed a big long-tailed bar on the daily timeframe, which is a sign of rejection. I think the market may retest the support zone between 2136–2138. I expect it to continue moving downward, potentially breaking the channel. My goal is the support level of around 2140.


Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻