Lingrid

Lingrid | GOLD outlook on 4H timeframe

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The market broke out of the small range zone and it tested the major resistance and upper border of the ascending channel . The price show a losing momentum after creating divergence and double top at the resistance like EUR. The market failed to update its highs and price fix below 1800 price level. I think it might go down to test support or even lower border of the channel from resistance. My goal is the support level at 1762.

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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