Lingrid

Lingrid | GOLD short-term CORRECTION from RESISTANCE zone

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is testing the resistance zone. However, it hit the resistance at 2370 like a wall. Basically, it formed a double top at resistance. The price action created a divergence near the channel border. On the daily timeframe, we have lost some of the bullish momentum, meaning we have a doji candle followed by a small candle. It seems like bulls are out of breath, which means a pullback from the resistance zone might occur. Today we also have high-impact news, and I think the market might react by dropping to support levels. My goal is the support around 2311.340


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