Lingrid | GOLD Retracement Complete Potential Continuation

pulled back after hitting the 3,790 resistance but continues to respect the upward trendline and channel structure. Price action shows a trend continuation setup with consolidation zones acting as mid-support. As long as 3,730 holds, buyers may attempt another push toward the 3,800 and higher resistance zone. Overall momentum remains bullish, supported by higher lows and sustained channel direction.

⚠️ Risks:

Failure to hold 3,730 could trigger a deeper correction toward 3,700 support.
Strong USD recovery on economic data like GDP may weigh on gold prices.
Sudden shifts in bond yields could reduce safe-haven demand.

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

Transaction en cours

is holding its structure within the upward channel after a corrective pullback from the recent peak. Price action is respecting the ascending trendline, forming a continuation pattern just above the 3,730 support level. As long as this base holds, momentum favors another push toward the 3,795 resistance area. The broader bullish structure suggests gold could retest the 3,800 resistance zone and higher on sustained buying.

Lingrid

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

Aussi sur:

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Lingrid

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

Aussi sur: