Lingrid | GOLD Short-term RETRACEMENT from PSYCHOLOGICAL Level
XAUUSD has moved higher, breaking through the prolonged consolidation zone. The price has reached the key resistance zone ahead of the Core CPI release, testing the psychological level at 2700 and weekly high level. This level has previously acted as resistance, and I think that the market may drop from this level, forming a short-term pullback. Therefore I expect the market to pull back from the resistance and the upward trendline before considering further upward movement because the market may retest the middle of the consolidation zone. My goal is support zone around 2665
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