GOLD short-term PULLBACK from RESISTANCE zone
The price perfectly fulfilled my last idea. It hit the target.
XAUUSD
reached the key resistance level. It tested the channel border as well. On the 4H timeframe, we have lost some of the bullish momentum. It seems like bulls are out of breath and they need some rest, which means pulling back from the resistance zone. Today we also have high-impact news that can potentially cause some fluctuations in the market. I think the market might retest the previous week's high. I expect the price to move lower toward the resting liquidity below the previous day low. My goal is the support around 2245.000
XAUUSD
reached the key resistance level. It tested the channel border as well. On the 4H timeframe, we have lost some of the bullish momentum. It seems like bulls are out of breath and they need some rest, which means pulling back from the resistance zone. Today we also have high-impact news that can potentially cause some fluctuations in the market. I think the market might retest the previous week's high. I expect the price to move lower toward the resting liquidity below the previous day low. My goal is the support around 2245.000