Lingrid | GOLD Breakout of the COMPRESSION ChannelYesterday's release of high impact news sparked a surge in the OANDA:XAUUSD market, propelling it above the crucial resistance zone at 2350 and out of the compression channel. This break also cleared the previous week's high. I think, the ideal scenario would be a retracement to the broken trendline level, setting the stage for a continued upward movement. I expect a pullback towards the 2350 key level, where we can assess the situation and look for confirmation of a buying opportunity before targeting the round number at 2390. My goal is the resistance zone around 2382.
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