Lingrid | GOLD short-term PULLBACK

The price perfectly fulfilled my last idea. It literally came into the entry zone, shot up, and hit the target. XAUUSD has reached the key resistance zone at 2050. The market has pulled back from this level several times before. It created a massive impulse leg. After that, usually the range zone comes. The price formed a potential bearish divergence at the resistance and border of the channel. Thus, I think the market might pull back from the resistance. On the daily timeframe, the price tested and pushed back from the level. If the price breaks above the level, it could potentially move higher toward the next resistance at 2056. My goal is the support around 2040.65

My last weekly forecast also hit the target:

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻