Lingrid | GOLD climbs Above 2900 Mark. Potential Long

market has broken above the key level of 2900 and is heading toward higher highs. Looking back, we can see that it previously consolidated around this level, suggesting that the price may move sideways in this zone, forming a range. It appears that the price is positioned to retest the area above the double top and potentially previous month high. I think the price may revisit the resistance zone of 2940-2950. I expect it to break through the upper boundary of the channel and retest the middle of the consolidation zone. My goal is resistance zone around 2942

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交易進行

The price has bounced nicely off the support level, and the market is moving sideways after breaking above the trendline. We can see that the market surged above 2900 with a large bullish candle, indicating that this level holds significant importance. Currently, the market is consolidating, and I think the price break through the consolidation zone during the New York session. However, today's high-impact news could also might pus the price lower, potentially pushing the price back toward the 2880 level. Overall, I expect to see some volatility in the market and continuation of the current trend. My goal is resistance zone around 2940