Gold Spot / U.S. Dollar
Long
Updated

Lingrid | GOLD new All-Time HIGHS with Potential PULLBACK Trade

4 457
The price has perfectly fulfilled my previous forecast. XAUUSD market has established another new all-time high and continues pushing toward higher levels. The price has now reached a resistance zone at 3300, potentially marking an area where we might see a rollback—creating an opportunity to go long. The price has formed a range zone around the 3225 level, and this support might serve as an optimal area to look for buy signals. Furthermore, an upward trendline sits below this range, having previously acted as both support and resistance. Given today's scheduled high-impact news, we should anticipate increased market volatility. My goal is resistance zone around 3390


Traders, 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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snapshot
The market continues to push higher levels. On the daily timeframe the price formed a big bullish candle suggesting continuation of the upaward momentum. Now the price is making a retracement after forming a new higher high. Looking left we can see some consolidation zone which usually acts as support in the bullish market. Furthermore, we have an upward trendline that was respected many times before creating some confluence. I think a retracement zone around 60% of the previous day's range might be a good area to expect continuation. Don't forget about upcoming high impact news today. My goal is resistance zone around 3400

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