Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Comment:
XAUUSD
price formed a range zone on the 1H timeframe. As you can see, the market is bouncing between range boundaries. The price keeps bouncing off the resistance level at 2320. I think the bears are pulling the price lower because we have lower highs. On the daily timeframe, the price action created a doji candle, which is an is an indecision candle. I expect to grab the liquidity above the resistance zone and then move to retest the support level, which is essentially the middle level of the range zone below. My goal is the support level at 2290
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