Lingrid

Lingrid | GOLD fake BREAKOUT Support LEVEL

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday, the market responded news reports by rebounding from the support level. It formed a fake breakout of the previous week low. I think the XAUUSD might pullback toward the round numeber at 2300 then move upward. Since we have another upcoming news today, there is a chance that the price may roll back. Basically, I expect the price to continue moving sideways. However if the market reject the support level the price might go toward the resistance zones. My goal is resistance at 2335 from the support level.


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

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