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GOLD → The structure of the bull market is at risk. 2300??

2024-04-22 10:08 GOLD Forecast

👑 Ideas For XAUUSD / GOLD

📈 GOLD → The structure of the bull market is at risk. 2300??

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GOLD is breaking the bullish trend structure, earlier I pointed out that the market is preparing for a reversal amid liquidity capture at the expense of buyers. The market is testing support for a breakout

snapshot

Selling since the opening of the session. Price is testing local lows and forming an entry into the risk zone. Possible shakeout before the subsequent fall. Last week a major player was collecting liquidity at the expense of buyers, this can be seen in the long tails of daily candles, volumes and trading relative to the 2400 zone.

At the moment we should pay attention to the zone 2354 - 2365. There may be an active struggle in this zone (shaking, level sawing, long consolidations), but now there is a prospect of correction to 2330, 2300

Resistance levels: 2365, 2400.

Support levels: 2354, 2328, 2300

Technically, strong sellers are emerging in the market and they are building limit resistance zones. The market is not ready to pass through 2400 yet, so we should wait for a sideways range or correction

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