Lingrid | GOLD fake BREAK of the SUPPORT level

The market bounced off support and broke above 2020 levels. XAUUSD market continues to bounce from this level. I will look for a pullback to the support level and a long-tailed bar as a sign of rejection. I think the price may go up because it failed to go down after breaking the previous low. It's basically a fake break. Bears do not have enough strength to push the price lower. On weekly timeframe, the price might retest the last week's open level. My target is the resistance zone at 2045.


Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻