Lingrid | GOLD Fake Breakout at RESISTANCE zone

The market went up, then fell from the resistance after news releases, which formed a fake breakout. A potential breakout turned into a fake breakout. XAUUSD rejected the resistance, then made an impulse leg down. I think the market will move downward, creating a two-legged pullback. Alternatively, it may form a range because markets usually go sideways after impulse movements. On the other hand, we have a long-tailed bar on the daily timeframe that suggests bears are strongther, pushing price lower. My goal is the support level at 2014.550


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