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Lingrid | GOLD continues to look Bullish. Long from SWAP zone

2 532
The price perfectly fulfilled my previous idea. It hit the TP. XAUUSD bounced off the psychological level after forming a double bottom. The price tested the resistance zone, where there had previously been an impulse leg downward, so we can anticipate a pullback from this level. Given that the market is in an overall bullish trend and has grabbed liquidity below the two-week lows, I expect this week to close between 2630 and 2660. Additionally, with high-impact news today, we may see significant fluctuations in the market. I expect a rebound from the swap zone and bullish move by breaking the channel. My goal is resisatance zone around 2655

Lingrid | GOLD formed A-B-C Retracement


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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