XAUUSD IDEA

XAUUSD Idea
A correction may follow from 1987 before a further rise,
On the d1 chart I have indicated the level 1987.
This is a rather important level, above which there is a rather strong liquidity area.
Many confirmations tell us about the importance of this zone.
I assume that with a high probability, a correction may follow from the 1984 area,
because since the price opened on Friday, the average ATR has been passed by 50-60%.
The pullback will not be strong and may test one of the levels: 1973.48, 1953.
Further the growth will continue, as the situation, from the point of view of fundamental analysis,
does not change. On the higher timeframes gold is breaking the descending resistance lines
and is just starting to increase trading volumes. In the medium term,
I am looking at targets such as: 2000, 2025 and possibly even 2050
which gold could reach in November - December.
Support levels: 1973.48, 1956.05
Resistance levels: 1987, 1993, 2019.07
I am waiting for a small correction from the resistance presented ahead to these levels,
after which a retest of 1987 may result in a breakout of resistance, which will lead to
a rise to these targets