Lingrid | GOLD climbing to NEW Levels. LONG Trade

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The price perfectly fulfilled my last idea. It hit the target zone. XAUUSD formed equal highs and is currently hovering around the 2650 level, which is a crucial point where it will decide whether to move higher or lower. However, considering that the market has been making higher lows, I think the price may retest the area above the equal highs. Looking left we can see that the price made similar behavior when it consolidated around the 2650 level before surging upward. I expect the price might form an ascending triangle pattern, with expectations for a breakout and at least reach the channel's upper border. My goal is resistance zone around 2677

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

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Yesterday, the price broke above the EQH but then pulled back, raising the possibility of a fake breakout. However, with the market pushing higher and two consecutive bullish days, I think there's potential for the price to reach the resistance zone around 2680. Currently, the price is moving sideways near the previous week's high, which may lead to upside breakout. If you take a look at the 1H, we can see price is forming an ABCD pattern, with the D point potentially completing at around 2685. If the price fails to move higher and shows signs of weakness, it might indicate that the market could remain sideways until the NFP. My goal is resistance zone around 2679

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Target zone reached