Lingrid | GOLD Sideways Movement Ahead of FOMC Decision

If buyers continue to defend the trendline and the lower boundary of the range, gold could attempt another gradual push toward the upper resistance near 4,300. A brief dip toward the channel support may occur to gather liquidity, potentially offering a better positioning point before any renewed upside attempt.
➡️ Primary scenario: support holds near 4,160 → rotation higher toward 4,300.
⚠️ Risk scenario: a sustained breakdown below the channel could weaken the bullish structure.
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If buyers defend the 4,200 again, gold may attempt another push toward the overhead liquidity pocket sitting near 4,247, where prior fake breaks and trendline interactions cluster.
Trade closed: target reached
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🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: bit.ly/3JIGE2j
🌎WebSite: lingrid.org
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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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3JIGE2j
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: bit.ly/3JIGE2j
🌎WebSite: lingrid.org
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.