Lingrid | GOLD Resistance REJECTION. Potential Short

The price perfectly fulfilled my last idea. It hit the target. The market made a pullback into the range zone after resistance level rejection. XAUUSD failed to move higher and pushed back. I think the market may retest the resistance and channel border, then go down to recent support levels, breaking through the key level at 2300. The market formed two consecutive doji bars on the daily timeframe, which suggests the bulls don't have the strength to make a new high. I expect the price to move lower, potentially testing the previous week's low. My goal is the support level at around 2290.


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