Lingrid | GOLD ranging MARKET

The price spiked up from the support level. XAUUSD made an engulding candle. On the daily timeframe, it formed inside a bar formation. I think the market may keep moving sideways between 2410 and 2365; it could be the continuation of the current trend because it broke the triangle formation. The price rolled back to retest the triangle pattern. I expect a retest of the recent resistance zone in case the market bounces off the support. My goal is the resistance zone around 2405.


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

Trade closed: target reached:

The price perfectly played out. The market literally tapped the entry level, then moved up.