Lingrid | GOLD Possible BUYING CLIMAX. Short term PULLBACK

The price perfectly fulfilled my last idea. It hit the target. XAUUSD surged and reached the resistance zone. I think the 2120 level will play an important role; price action may form a range zone around this level after an impulse move. On the 4h timeframe, we have lost some of the bullish momentum. It seems bulls are out of breath, which means some pullback from the resistance zone. It formed an inside bar pattern. Also, it could buying climax, which suggests an upcoming retracement. I expect a short-term pullback or range zone between 2210 and 2190. My goal is the support around 2190.000

Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻

Trade geschlossen: Ziel wurde erreicht:

The price hit the TP after news came out.