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Lingrid | GOLD corrective Pullback Presents Potential Long Entry

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XAUUSD is retracing from a double top inside the resistance area near 3450 but remains above the key 3375 support and the ascending channel structure. Price is testing the confluence of the upward trendline and prior breakout level, creating a possible bullish rebound setup. A successful bounce here could ignite momentum toward the 3450–3470 zone.

📈 Key Levels
  • Buy zone: 3370–3375
  • Sell trigger: loss of 3360 support
  • Target: 3450
  • Buy trigger: breakout above 3400 and hold with strong candle close

💡 Risks
  • A close below the upward channel could trigger deeper sell-off
  • Failure to reclaim 3400 may trap bulls in consolidation
  • Macro catalysts (Fed, CPI) could override local structure

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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XAUUSD is still holding its structure within the upward channel after a recent correction from the higher high around 3,449. Price has found temporary support just above 3,375 and is consolidating in a narrow range near the trendline. If the uptrend continues, a breakout toward 3,422 and possibly 3,449 remains a valid scenario.

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