Lingrid | GOLD retracement and TREND Continuation POTENTIAL for OANDA:XAUUSD by Lingrid

Lingrid | GOLD retracement and TREND Continuation POTENTIAL

is currently experiencing a pullback after a strong bullish move. The support area between 2485 and 2500 presents a opportunity to take a long trade, particularly if the price shows bullish signals, such as a fake breakout. I expect a retest of the resistance zone from this support zonel, as the price action appears to be forming a complex pullback. However, it's important to note that there is still a possibility of the price dipping lower, especially since, on the daily timeframe, we have a bullish candle wth a long wick. My target is resistance zone at 2529

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

Lingrid

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