Lingrid | GOLD Potential Channel BREAKOUT. Short

أول أمس

XAUUSD is moving sideways after the recent bearish momentum, forming small range candles which means a pause before the next move. Based on the current behavior, I think the market may initially move above the previous day's high before turning lower towards the support level at 2600. Additionally, the price is testing a global upward trendline that I noted in my previous forecasts. If the upcoming news does not alter the short-term market direction, I expect the price to gain bearish momentum as it approaches the support level. My goal is support zone around 2606

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

أمس

تم فتح الصفقة

Gold is currently consolidating, likely in anticipation of the upcoming Federal Funds Rate decision. The doji candle on the daily timeframe indicates indecision in the market, suggesting that traders are uncertain about the next direction. Despite this, the price has been making lower lows and lower closes, gradually approaching last week's low. If the Federal Reserve's announcement favors gold, it is likely that the price could drop below the previous week's low and continue further downward. Conversely, if the news is negative for gold, it could push the price toward the resistance zone around 2680. I think the price might face selling pressure and bounce back down, moving toward the psychological level at 2600. Remember that todays high-impact news can lead to significant price swings in either direction. My goal is support zone around 2622.600

قبل ٣ ساعات

أغلقت الصفقة: تم الوصول للهدف

It hit the target and went below the 2600