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Lingrid | GOLD trend Continuation: BULLISH Momentum Continues

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The price has perfectly fulfilled my previous forecast. XAUUSD market went below the 2900 level but swiftly recovered, closing above it and creating a false break. On the daily timeframe, the market shows a liquidity grab below the previous day's low, followed by a bounce. The formation of a pinbar suggests a potential upward movement, possibly reaching at least the 2950 level. However, there's also a possibility of sideways movement around the 2900 level since the price is below the key level. Overall, I expect the price to retest the area above the ATH and then pullback. My goal is resistance zone around 2953


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The market continues to show strong upward momentum, pushing higher. A move above the ATH is possible today, provided that the upcoming news does not have a negative impact that pushes the market lower. On the daily time frame, the price broke and closed above the previous day’s high, which suggests continued bullish sentiment. I think the market may consolidate in a small range zone just below the previous resistance level before making a move higher. Overall, I expect the price to retest the zone above the ATH level. I also expect the weekly candle to close similar to last week, which implies a continuation of the current bullish trend with a potential wick higher. My goal is resistance zone around 2952

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