Lingrid | GOLD Bullish TREND Continuation Trade

XAUUSD market continues to struggle to break through the previous week's high, moving sideways despite the price closing above the key level of 2950 on the daily timeframe, which is a bullish sign. The price is consistently bouncing off the support zone around the 2920 level, it ssems the market find support around this zone. Since there are no high-impact news today, the price is likely to continue its sideways movement until Thursday. However, if the market pulls back toward the support level and the previous day's low, we can look for buying signals in anticipation of the new highs. My goal is resistance zone around 2970.

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