Lingrid

Lingrid | GOLD price action SQUEEZE. Long from strong SUPPORT

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The price perfectly fulfills my last ideas. The market is heading toward resistance zone from the strong support level . The price is squeezed by descending triangle pattern and the price broke through it. The market is forming price squeeze and the price might bounced off it and go up to test the resistance zone. Essentially price action formed an inverse head & shoulders pattern. My goal is the resistance at 1855.


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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