Lingrid | GOLD trend CONTINUATION pattern

The price perfectly fulfills my last idea. It hit the target zone. XAUUSD has formed a trend continuation pattern in the shape of an ascending triangle. This pattern indicates that buying pressure is increasing as the price continues to test the resistance zone, suggesting that a breakout could be imminent. I believe that if the price successfully breaks through this resistance level, it may continue to rally, potentially reaching the 2500 resistance zone. With high-impact news scheduled for today, there is a strong possibility that the market may be poised to push towards new all-time highs. Keep an eye on the market reactions to the news, as they may provide key insights into the strength of the breakout and overall market sentiment. My goal is resistance around 2555.

Lingrid | GOLD Weekly Technical Analysis


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

📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
Juga pada:

Penerbitan berkaitan

Penafian