Lingrid | GOLD price SQUEEZE Signals a Surge Ahead

market has formed a triangle pattern, which is a continuation pattern, and it appears likely to break through the downward trendline. On the 4H timeframe, the price has created long-tailed bars, suggesting bullish pressure that could lead to a retest of the all-time high level. Since the price bounced off the 3000 level twice, I think the market will move higher if it breaks and closes above the triangle pattern, setting up a classic contraction continuation scenario. My goal is resistance zone around 3038

Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣

Trade closed: target reached

Price reached the TP

Lingrid

💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi

🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid

🌎WebSite: lingrid.org

Also on:

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.

Lingrid