OANDA:XAUUSD market bounced off the entry area I highlighted in my previous post. It initially took liquidity below the previous day's low before moving higher. A long-tailed bar has formed on the daily timeframe, suggesting the potential for a breakout above the high of the previous week. If we see a rejection at a support level, we can anticipate a bullish move. Additionally, the price action is shaping an inverse head and shoulders pattern, which could develop favorably. My goal is resistance zone around 2655. https://www.tradingview.com/chart/XAUUSD/c8qK3v8X-Lingrid-GOLD-Market-OUTLOOK-What-to-Expect-in-Q1-2025/ 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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