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05.05.2023 XAUUSD Gold Forecast

My previous analysis was accurate as the price tested the predicted zone.

Currently, the market is undergoing a pullback towards the support level.

A potential triangle pattern or range zone is forming in the price action.

After an impulse leg up, the market is now ranging and may pull back, which could be a correction against the main trend.

I anticipate gold to remain in this pattern for some time.

If the price retests the support level, then I expect a bullish move from the swing level.

My target is the resistance zone at around 2055.

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The post 05.05.2023 XAUUSD Gold Forecast appeared first on Exness Global, Exness Indonesia, Exness Turkey, Exness South Korea, Exness Japan, Exness India, Exness Thailand, Exness South Africa.



This post first appeared on Free Trading Signals For Forex Traders, please read the originial post: here

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05.05.2023 XAUUSD Gold Forecast

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