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Lingrid | GOLD Weekly Price Forecast
The price exactly followed my last idea from Friday. It reached the target point. After reaching the target, the market rose and reached a key resistance area above 2500. I think the market may now form either a consolidation zone or a doji candle on the daily time frame as it takes a break after the recent upward momentum.
I expect a pullback towards the full support level, followed by a rebound. We should look for buying signals around the 50% retracement level of the previous daily range. My target is the resistance area around 2550.
(Source: TV-By Lingrid)