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Lingrid | GOLD trend CONTINUATION Trade

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XAUUSD market has moved higher and nearly reached the target level. However, the price is pulling back and has created a false breakout of the previous resistance zone on the 1H timeframe. Overall, the market is creating higher highs and higher lows, leading me to believe that it will continue pushing to higher levels. That said, on the 4H timeframe, we are seeing a bearish divergence that could indicate a potential sell-off or deeper pullback towards 2700. Despite this, given the prevailing bullish momentum, I expect the price to move slightly higher towards the 2750 area. My goal is resistance zone around 2744

Lingrid | GOLD Weekly Price Outlook


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