Lingrid

Lingrid | GOLD pullback and CONTINUATION

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday, the market responded weakly to the entry zone. We did not see a strong bullish move, which means that bulls are not ready to buy at current prices. I think the XAUUSD is going to pullback toward the bottom of the range zone. Since we have upcoming news today, there is a chance that the price may roll back. As you can see, the key resistance at 2400 is the holding price, and the market bounced off it a couple of times. Basically, I expect the price to continue moving sideways within the previous week's range zone. Right now, the price is no man's land. My goal is resistance at 2395 from the support level.


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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