XAUUSD GOLD Correction and the Road to Trend CONTINUATION
continues to increase, surpassing the 2850 level. At this juncture, the market appears unstoppable, heading even higher. However, during times like this, the market can react in the opposite direction, so we must exercise caution. Despite this, given the current positive momentum, any drop may create an opportunity to go long, especially because a price of 2900 this week appears probable. With the current tariff battle driving up gold prices, I expect the market to pull back from the resistance zone of 2870-2880, followed by a continuation upward. My target is a resistance zone about 2895.
Traders, if you enjoyed this notion or have your own thoughts, please share in the comments. I'll be glad 👩💻.
As I mentioned yesterday, the price has begun to pull back from the resistance zone and is now approaching the prior day's low (PDL). The market may go below the PDL before rising again. As the market approaches this important level, we should stay cautious because prices tend to react swiftly to news in such vital zones. At this moment, we can witness a bullish flag pattern or a difficult pullback. If the price retests the support level, we should wait for confirmation before entering a long position. My target is resistance zone around 2880.
Traders, if you enjoyed this notion or have your own thoughts, please share in the comments. I'll be glad 👩💻.
As I mentioned yesterday, the price has begun to pull back from the resistance zone and is now approaching the prior day's low (PDL). The market may go below the PDL before rising again. As the market approaches this important level, we should stay cautious because prices tend to react swiftly to news in such vital zones. At this moment, we can witness a bullish flag pattern or a difficult pullback. If the price retests the support level, we should wait for confirmation before entering a long position. My target is resistance zone around 2880.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.