Lingrid | GOLD where is Endpoint of market CORRECTION ?

9月4日

The price perfectly fulfilled my last idea. The price has hit the target level, and the XAUUSD continues to push lower. It has closed below the 2500 level, confirming the break below the consolidation zone. Given this movement, I also believe the market is likely to continue to lower levels. Considering the major trend is bullish, the correction might find its endpoint around the support level at 2450. If the market retests this level and shows signs of rejection such as bullish long tailed bar, it may provide a good opportunity for us. A strong bounce from the 2450 support level could set the stage for a continuation of the bullish trend toward the all-time highs. My goal is resistance zone at 2505

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