Lingrid | GOLD complex PULLBACK. Opportunity to BUY

26 thg 7

Yesterday, the market reacted to news reports by rebounding from the resistance level and subsequently reached the target zone at 2353. It also bounced off the support level, forming long-tailed bars, which indicates level rejection. I anticipate that XAUUSD may move toward the key round number at 2400. Given the upcoming news today, there is potential for a price surge. Overall, while I expect the price to continue moving sideways, if the market rejects the support level after news comes out, there is a possibility that it could push towards the week's open price level. My goal is resistance at 2400 from the support level.


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