XAUUSD is breaking the bullish trend structure, earlier I pointed out that the market is preparing for a reversal amid liquidity capture at the expense of buyers. The market is testing support for a breakout
Idea from April 19: GOLD → One step away from a correction? What's going on?
Selling since the opening of the session. Price is testing local lows and forming an entry into the risk zone. Possible shakeout before the subsequent fall. Last week a major player was collecting liquidity at the expense of buyers, this can be seen in the long tails of daily candles, volumes and trading relative to the 2400 zone.
At the moment we should pay attention to the zone 2354 - 2365. There may be an active struggle in this zone (shaking, level sawing, long consolidations), but now there is a prospect of correction to 2330, 2300
Resistance levels: 2365, 2400.
Support levels: 2354, 2328, 2300
Technically, strong sellers are emerging in the market and they are building limit resistance zones. The market is not ready to pass through 2400 yet, so we should wait for a sideways range or correction
Regards R. Linda!
Note
The movement has begun) The market is testing the lows
Trade active
The intermediate goal is almost achievedWe need to watch GOLD's reaction to the 2328-2330 area
Trade active
A small bounce before further reaching the targetTrade closed: target reached
+360 pipsTrade closed: target reached
2300 reached!Note
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.