Lingrid | GOLD Correction followed by New EXPANSION

The price perfectly fulfilled my last idea. It hit the TP. We've seen a retest of the level, followed by a continuation scenario in the market. On the 4H timeframe, XAUUSD has bounced off the trendline and support level at 2350. If the price breaks down through this trendline, we can anticipate a high likelihood of sideways movement. However, if the market remains above the key support and trendline, I think there is a potential retest of the strong resistance at 2400. I expect a correction to the support level where the impulse movement originated, and then look for buying signals. My goal is the resistance zone around 2385

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

Trade closed: target reached:

GOLD literally tapped the entry zone, then surged, hitting TP.