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Lingrid | GOLD Short-Term Pullback Expected After ATH

perfectly played out my previous trading idea. Price has pushed into a fresh all-time high zone after a strong impulsive leg, but momentum is starting to stretch near the upper boundary of the rising channel. The latest higher high was formed directly into major psychological level. Price action is showing price deceleration, suggesting buyers may be losing short-term control.

If sellers step in around the 4,515–4,520 area, could unwind part of the impulse and rotate lower toward the 4,425 support zone. This would still fit a healthy retracement within a broader uptrend rather than a trend reversal.

➡️ Primary scenario: rejection near 4,515–4,520 → pullback toward 4,425.
⚠️ Risk scenario: sustained acceptance above 4,520 may invalidate the pullback and open continuation into higher ATH territory.

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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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

Lingrid

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