Lingrid | GOLD short-term RETRACEMENT from RESISTANCE zone
XAUUSD has reached the 2670 level, but overall it appears to have lost bullish momentum as it spent a day in a range zone. Given the creation of a bearish divergence, I believe the market may pull back from this resistance. If upcoming news doesn't provide a catalyst for upward movement, I expect the market to move below the previous day's low. We don't yet know what the outcome of the economic data release will be. However, there is a higher chance of significant fluctuations in the market today. My target is support level at 2645.
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