Lingrid | GOLD possible BEARISH move from WEEKLY open

2023年12月22日

The price perfectly fulfills my last idea. The gold market has been moving towards the resistance zone: weekly open price. The market pulled back after the bearish impulse move to these areas. The price might fall below the range zone (triangle formation on the 1H) by forming the fake breakout even though it closed above it. If the market fails to hold above the range zone I can expect the price to move lower. However if the price make new extension then I can expect retest the weekly resistance zone and rejection. My target is 2034.80 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 👩‍💻