Lingrid

Lingrid | GOLD channel BREAKOUT. Break and RETEST of the LEVEL

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The price perfectly fulfills my last idea. It hit the target level. The market rejected the resistance, then made an impulse leg down. The price broke and fixed below upward channel. I think the market will range for some time because the markets usually go range after impulse movements. But if price retests the resistance zone and channel border then I look for selling signal because it broke the structure that was tested many times before. I expect 2 legged pullback towards resistance on the 1H timeframe. My goal is the previous support level at 1955.050


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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