Lingrid | GOLD Retracement followed by EXTENSION

The release of new data triggered a surge in the XAUUSD market, propelling it above the critical resistance zone at 2350. This break also cleared the previous week's high, which has now transformed into a support level. In my opinion, the ideal scenario would be a retracement to the broken level, followed by a continued upward momentum. I anticipate a pullback towards the 2350 key level, where we can look for confirmation of buying opportunity aiming the round number at 2400. My goal is the resistance zone around 2385.000


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