Lingrid | GOLD Temporary Pullback May Be Ahead

perfectly played out my previous trading idea. Yesterday, the market accelerated sharply into the 5,600 resistance level following a news-driven impulse, stretching price far above the rising trendline and short-term value. The vertical push created a visible gap and spike into the new ATH area, often a sign of short-term exhaustion rather than sustainable continuation. Current structure suggests buyers may pause as momentum cools.

If price fails to hold above the 5,600 area, could retrace toward the 5,375 zone, where the broken range top and trendline support converge. That region may act as a magnet for mean reversion before any attempt to resume the broader uptrend.

➡️ Primary scenario: rejection near 5,600 → pullback toward 5,375.
⚠️ Risk scenario: sustained acceptance above 5,600 may invalidate the pullback and open continuation toward new highs.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

Trade geschlossen: Ziel wurde erreicht

GOLD fall - yes - touched our goal

Lingrid

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Lingrid | GOLD Continued Bullish Momentum in Market

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Lingrid

🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j