Lingrid | GOLD pullback to RESISTANCE and FALL

The market went further down from the resistance after news releases. The price responded poorly to the key level at 2300. We did not have a strong upward move, which indicates that bulls are not ready to buy at these levels. On the daily, XAUUSD formed an inside bar formation, which can be seen as a triangle pattern in lower timeframes. I think the market might move downward to complete the two-legged pullback I mentioned in my weekly post. I expect the market to continue moving toward lower prices, breaking through the support trendline. My goal is the support level at 2270


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