gold reacted unfavorably to the resistance zone, failing to generate a strong bearish move and instead reinforcing the sideways trend. However, upon examining the 4H chart, we see a series of strong bullish candles and gradual pullbacks that have formed higher lows. With no high-impact news on the horizon for today, I anticipate a continued consolidation phase.
Nevertheless, I expect the market to move down towards the upward trendline, potentially triggering a subsequent bullish move tomorrow if the price action confirms a buy signal. My goal is resistance zone at 2350.
Success is not final, failure is not fatal... - Winston Churchill