Lingrid

Lingrid | GOLD sideways MOVEMENT. Short at RESISTANCE

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The market rejected the resistance, then made an impulse leg down. XAUUSD broke and fixed below two important levels: 2050 and 2030. I think the market will range because, as we can see, the market returned to its range zone. However, if the price pulls back from the resistance zone and upward trendline, then I look for a selling signal because the price bounced off this level several times before. It formed a big bearish candle that broke the level, showing its significance. My goal is the previous support level at 2014.113


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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