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R.Linda Trading - forecast

GOLD → A false break of $2265 will lead to a retest of support

GOLD Forecast
👑 Ideas For XAUUSD / GOLD

📈 GOLD → A false break of $2265 will lead to a retest of support

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GOLD has been reaching 2265 since the open. The price is moving out of the ascending price channel, which indicates a strong bull market. But, there is a huge imbalance area forming below, which can be liquidated before further growth.
snapshot
The dollar is also strengthening and the market is waiting for bullish news on the index today. In this case it may give a small correction wave for the gold market. Moreover, there is a huge area of imbalance at 2265-2222, in which case it would be logical to expect a retest of the previously broken channel resistance or even key support before a further rise.

Resistance levels: 2265

Support levels: channel resistance 2245, 2222

Technically, we can expect a correction after the rally. The trend may continue from these support zones.