Lingrid

Lingrid | GOLD selling OPPORTUNITY from STRONG RESISTANCE

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The price missed the target by couple of point from the last forecast. Currently, XAUUSD is pulling back from the resistance zone after testing the channel border. The market is correcting against the current bearish trend, but the price action remains within the consolidation zone. With high-impact news today, I believe it could potentially play out in favor of gold. If the market rejects the resistance zone around 2350-2355, I expect a rebound to occur, potentially retesting the bottom of the range zone. My goal is the support level of around 2305

Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻

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