Lingrid | GOLD fake BREAKOUT of SUPPORT level

לפני 3 ימים

XAUUSD market bounced off the entry area I highlighted in my previous post. It initially took liquidity below the previous day's low before moving higher. A long-tailed bar has formed on the daily timeframe, suggesting the potential for a breakout above the high of the previous week. If we see a rejection at a support level, we can anticipate a bullish move. Additionally, the price action is shaping an inverse head and shoulders pattern, which could develop favorably. My goal is resistance zone around 2655.

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