Short

Lingrid | GOLD Short-Term Pullback from Psychological Level

is currently trading around $4950, with the $5000 psychological level acting as a key resistance zone. Price has shown signs of a potential short-term rebound from this area, as the recent rejection suggests that sellers are stepping in to defend this level. The market is facing downward pressure but is likely to see a temporary retracement before continuing the broader trend.

If forms a fake break above $5000, we could see it pull back toward the $4865 range, where a stronger support zone lies. This setup presents an opportunity for a short-term position as the price might consolidate before making its next move.

➡️ Primary scenario: Rebound from $5000 → pullback to $4865.
⚠️ Risk scenario: A clean close above $5000 would invalidate this short-term bearish outlook and open the path for further upside toward $5100.

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

Lingrid

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Lingrid

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

또한 다음에서도: