Lingrid | GOLD short from the STRONG RESISTENCE zone

31 Jan 2023

The price perfectly fulfills my last idea and the gold went down from the resistance and hit the target. The market tested resistance and fell after forming a double top. The price might go down to test the main support at 1900 because price made impulse leg from resistance and it potentially might do the same move. I think it will go down if price rolls back to strong resistance and trendline which is upper border of the channel. My goal is the support level at 1900.

https://www.tradingview.com/chart/XAUUSD/69i1NaiF-Lingrid-GOLD-ranging-MARKET-Short/

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