Forex bull
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GOLD Buy AREA 2348
✅TP : 2343
✅TP : 2338
✅TP : 2333
❌SL : 2358
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#GOLD
👉New forecast
As expected, the price has pulled back towards the support level⤵️ around 2330, which I mentioned in my previous post. XAUUSD price has been ranging near the 📊 previous day's low,having fallen from its recent highs. The channel border, which acts as upward trendline and 🔃a swap zone, is now being tested. This support level previously acted as resistance, 🛡holding the price steady for over a week.
On the weekly timeframe, the market is currently testing the 50% retracement 📈 level of the weekly range. If the market makes to fake breakout of the previous day's low,⤴️ I think it could potentially move upward towards recent highs. Overall, I anticipate a choppy market ahead, given the upcoming news reports. 🗞
🎯My target is the resistance zone around 2361.
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