Lingrid | GOLD a Tedious SIDEWAYS trend CONTINUES

12 sept.

XAUUSD has pulled back, as I mentioned in my post yesterday. The price is currently trading within the range of the previous day. At this point, the market could move in either direction due to the high-impact news today. Overall, the price continues to bounce off the psychological level of 2500. I believe that if volatility increases, this level, combined with the lower boundary of the channel that acts as an upward trendline, would serve as a strong support area. My target is resistance zone around 2530


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