Xauusd Gold
The price perfectly fulfills my previous idea. It hit the target and resistance zone . The gold market is developing a correction then extension price action pattern. Previouse resistance zone became a support which is a swing level and if price forms a fake break or double bottom I think its good area to go long for the next target. Price action formed 3 bullish pinbars which mean price may drop after impulse move up. My long term target is resistance at $1970.
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My past forecasts on GOLD 👩💻
№1GOLD +450p✅
№2GOLD +280p✅
№3GOLD +356p✅
№4GOLD +328p✅
№5GOLD +249p✅
№6GOLD -190p❌
№7GOLD +294p✅
№8GOLD -168p❌
№9GOLD +235p✅
The price perfectly fulfills my previous idea. It hit the target and resistance zone . The gold market is developing a correction then extension price action pattern. Previouse resistance zone became a support which is a swing level and if price forms a fake break or double bottom I think its good area to go long for the next target. Price action formed 3 bullish pinbars which mean price may drop after impulse move up. My long term target is resistance at $1970.
➖➖➖➖➖➖➖➖➖
My past forecasts on GOLD 👩💻
№1GOLD +450p✅
№2GOLD +280p✅
№3GOLD +356p✅
№4GOLD +328p✅
№5GOLD +249p✅
№6GOLD -190p❌
№7GOLD +294p✅
№8GOLD -168p❌
№9GOLD +235p✅