Lingrid | GOLD double TOP At The RESISTANCE zone

XAUUSD has bounced perfectly off the resistance zone that I highlighted yesterday. The market formed a pinbar pattern on the 4H timeframe, indicating rejection at this level. Additionally, there was a false breakout of the previous resistance zone at 2666.350. On the 1H timeframe, we can see a double top pattern, which further signals a potential reversal. I believe the market may move sideways just below this resistance before making a downward move, especially since there are no high-impact news events scheduled for today and price pulled back into consolidation zone. I expect the price to retest the support level and the downward trendline. My goal is support zone around 2650


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

signalssignalservicesignalsproviderTrend 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
Aussi sur:

Publications connexes

Clause de non-responsabilité