Lingrid | GOLD in a phase of CONSOLIDATION

10月2日

The price perfectly fulfilled my previous idea. It hit TP. The market has formed lower high, suggesting that it may remain in a consolidation phase for some time. After bouncing off the resistance at 2670, there is a possibility that it might retest the support zone.I expect a bullish move if the price breaks above the downward channel, which is a correction against the major trend. A solid break above that channel will be a confirmation for a continuation of the upward trend. My target is resistance zone at 2663.90

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻