Lingrid | GOLD potential LONG after FAKE breakout

The market continues moving in the a sideways trend, with the price forming a descending triangle pattern. XAUUSD is making lower highs and relatively equal lows, suggesting that the market may be poised to break below the equal lows. Notably, the key support level at 2400 is located below this potential breakout point. If the price make a fake breakout by taking out the liquidity below the EQL, I believe it could lead to a significant upward move. Following this, I anticipate the market will experience a short-term pullback before extending its upward trajectory. My goal is the resistance zone at 2460.


Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻