The price perfectly fulfilled my last idea. It hit the target.
XAUUSD
has reached the relatively strong resistance zone at 2030-2035. The market has pulled back from this level before. It created a massive impulse leg. The price formed a potential bearish divergence at the resistance and border of the channel. I think the market might pull back from the resistance. On the weekly timeframe, the price tested and pushed back from the previous week's high. My goal is the support around 2019.550 level.
XAUUSD
has reached the relatively strong resistance zone at 2030-2035. The market has pulled back from this level before. It created a massive impulse leg. The price formed a potential bearish divergence at the resistance and border of the channel. I think the market might pull back from the resistance. On the weekly timeframe, the price tested and pushed back from the previous week's high. My goal is the support around 2019.550 level.