Lingrid | GOLD trend Continuation: BULLISH Momentum Continues
The price has perfectly fulfilled my previous forecast. 
XAUUSD market went below the 2900 level but swiftly recovered, closing above it and creating a false break. On the daily timeframe, the market shows a liquidity grab below the previous day's low, followed by a bounce. The formation of a pinbar suggests a potential upward movement, possibly reaching at least the 2950 level. However, there's also a possibility of sideways movement around the 2900 level since the price is below the key level. Overall, I expect the price to retest the area above the ATH and then pullback. My goal is resistance zone around 2953
XAUUSD market went below the 2900 level but swiftly recovered, closing above it and creating a false break. On the daily timeframe, the market shows a liquidity grab below the previous day's low, followed by a bounce. The formation of a pinbar suggests a potential upward movement, possibly reaching at least the 2950 level. However, there's also a possibility of sideways movement around the 2900 level since the price is below the key level. Overall, I expect the price to retest the area above the ATH and then pullback. My goal is resistance zone around 2953Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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The market continues to show strong upward momentum, pushing higher. A move above the ATH is possible today, provided that the upcoming news does not have a negative impact that pushes the market lower. On the daily time frame, the price broke and closed above the previous day’s high, which suggests continued bullish sentiment. I think the market may consolidate in a small range zone just below the previous resistance level before making a move higher. Overall, I expect the price to retest the zone above the ATH level. I also expect the weekly candle to close similar to last week, which implies a continuation of the current bullish trend with a potential wick higher. My goal is resistance zone around 2952
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🌎WebSite: lingrid.org
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📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
Related publications
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.