Lingrid | GOLD correction and the Road to Trend CONTINUATION for OANDA:XAUUSD by Lingrid

Lingrid | GOLD correction and the Road to Trend CONTINUATION

continues to climb, breaking above the 2850 level. At this point, the market appears unstoppable, pushing higher and higher. However, at times like this, the market sometimes does the opposite so we have to be careful. Despite this, given the current bullish momentum, any pullback may present an opportunity to go long, especially as the price reaching 2900 this week seems plausible. With the ongoing tariff war driving up gold prices, I anticipate the market may roll back from the resistance zone around 2870-2880, followed by a continuation upward. My goal is resistance zone around 2895

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

Trade active

The price has started pulling back from the resistance zone, as I mentioned yesterday, and is currently moving toward the previous day's low (PDL). It's possible that the market may dip below the PDL before continuing to higher levels. As the market approaches this key level, we should remain vigilant, as price tends to react quickly to news around such critical areas. At this point, we could potentially see the formation of a bullish flag pattern or a complex pullback. If the price does retest the support level, we should wait for confirmation before considering a long position. My goal is resistance zone around 2880

Trade closed: target reached

The trade nicely played out 🤝

Lingrid

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