Lingrid | GOLD price STUCK in a SIDEWAYS patternOANDA:XAUUSD remains choppy, having formed a doji candle in the last daily session. Given that today is Friday and there are no significant high-impact news events on the horizon, there is a possibility that the market might continue moving sideways. The price is currently hovering around the key level of 2450, building liquidity both above and below this level, and it appears to be forming a triangle pattern, suggesting that the price may be preparing for a breakout. I expect the market to close above the previous week's high and remain above it, potentially signaling a bullish move next weeks, especially since it has returned to the range zone. My target is ressitance zone around 2477
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Lingrid | AUDCHF double TOP at RESISTANCE zone. ShortFX:AUDCHF successfully broke through the range zone and subsequently formed a double top at the resistance level. On the daily timeframe, the market shows a clear bearish trend, having completed approximately a 50% retracement. The price is now moving toward the support level, and I believe it may continue lower, breaking through the upward channel on the 1H timeframe. I anticipate that the market continue to move down and at least retest last week's high. My goal is to support level at 0.57130
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Lingrid | TONUSDT short-term PULLBACK from WEEKLY highThe price perfectly fulfilled my last idea. OKX:TONUSDT briefly moved above the last week's high but then retraced and fell below that level. This could be seen as a false breakout; however, on the daily timeframe, the price did close above it giving mixed signal. I believe the market may decline toward resting liquidity below the key level of 6.00. Notably, the market often experiences corrections over the weekends. Additionally, the market has previously bounced off the resistance zone between 7.20 and 7.50 multiple times, so a pullback is anticipated. My target is support level at 6.060
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Gold- will bulls regoup lower?As discussed yesterday, I maintain a bullish outlook on Gold and expect the price to rise above 2500. As anticipated, the price dipped below 2450 yesterday, triggering my buy order.
However, the subsequent recovery from this dip has been less encouraging than expected, prompting me to move my stop loss to break even.
From a technical standpoint, Gold's price has fallen below the support level of a recent top consolidation. Unless the bulls reclaim the 2460 level, there is a risk of a further decline.
Currently, the price stands at 2455, and my trade is running with a modest profit of 65 pips. However, unless we break above 2460, my short-term bullish outlook remains cautious.
Lingrid | GOLD capitalizing on RETRACEMENT. Opportunity to BUYThe price perfectly fulfilled my last idea. OANDA:XAUUSD is currently trading near the previous resistance zone. The price has hit this resistance and appears to be pulling back. However, it has not yet reached the July high. The last daily candle was very bullish, indicating that it may be on the verge of breaking above this resistance. On the weekly timeframe, the price has broken through last week's high, further supporting a bullish outlook. However, given that we have high-impact news scheduled for today, it’s unclear what the market will do next. I anticipate that the market may spike upward before pulling back, or it could decline straight down towards the support level before eventually moving upward again. My target is resistance zone at 2485.000
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Lingrid | XRPUSDT Bullish MOMENTUM. Leveraging PULLBACKBINANCE:XRPUSDT has experienced an impulse leg upward but has started to pull back after hitting resistance. The price has retraced approximately one-third of the bullish move, indicating that while there is some selling pressure, the overall trend remains within an upward channel. As observed, the market made a complex pullback from the resistance zone. The breakout and close above the important level at 0.500 suggest that the market is gaining momentum. This could indicate a potential accumulation phase as buyers may be waiting for a more favorable entry point. I believe the market may find solid support near the psychological level of 0.500. If this support level holds, it may provide an opportunity for buyers to re-enter the market, potentially leading to another upward leg. Overall, the outlook remains cautiously optimistic as long as the price maintains above this key support level. My target is resistance zone around 0.6160
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Lingrid | TONUSDT gives a SIGN of UPWARD MomentumAfter Binance announced the listing of OKX:TONUSDT , the price surged significantly. Looking at the weekly timeframe, the chart appears promising, especially with the formation of a large long-tailed bar. Currently, the market is testing the channel boundary, which marks the edge of the correction we've been experiencing since early July. If we zoom out, we can observe that the market surged from this support area back in May. Therefore, I believe the market may form a consolidation box before breaking through the channel and moving higher. My goal is resistaance zone at 7.200
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Gold is "asking" for 2500Monday has been a strong day for gold bulls, with the price surging by approximately 500 pips. After reaching a new local high yesterday, the price began a typical correction and is now consolidating above the 2460 support level.
My outlook for gold remains bullish, and I'm looking to buy on dips. The 2450 zone would be an ideal entry point.
For short-term traders, a target could be the 2480 zone, which is where the last high was set. However, I wouldn't be surprised if the bulls attempt to push the price towards the significant 2500 milestone.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Lingrid | EURUSD reached PSYCHOLOGICL level at 1.1000FX:EURUSD has broken above the key resistance level of 1.1000, following the recent news that weakened the TVC:DXY . This move is characterized by the formation of higher highs and higher lows, indicating strong bullish momentum. Looking to the left, we can see that the price is now testing a previous resistance zone from which it fell sharply before; therefore, a pullback is a possibility. With high-impact news today, the market may continue to expand upward. If the price does pull back to the support level below this psychological level, it could create potential buying opportunities. I expect a rejection at the support level, which would likely be followed by an upward move. My goal is the resistance zone around 1.10500
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Lingrid | PEPEUSDT fake BREAKOUT of the monthly LOWBINANCE:PEPEUSDT has recently formed a fake breakout of the support level. Looking left, we can observe a similar pattern where the price moved sideways before breaking through, creating a candle with a long wick that signals a rejection at that level. After this consolidation period, the market surged. Currently, we see a similar setup: a candle with a long wick that broke below the support level but quickly recovered. If we shift to the monthly timeframe, it becomes evident that the price took liquidity below the low from May. Based on this analysis, I expect the price to consolidate for a bit before making a gradual bullish move. My target is resisatnce zone around 0.00001100
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Hellena | GOLD (4H): Long to 2484 area (Wave "3").Dear Colleagues, in the last forecast I expected wave "C" to be lower, but now it is obvious that this wave is already completed at the level of 2355 and the price has started an impulsive upward movement.
I expect the price to reach at least the 2484 area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Long to resistance area of 1.10079. Dear Colleagues, after such a strong news background, I believe that the price will not go for a strong decline. In addition, I see wave "3", which has not yet completed its impulse.
Therefore, I assume that the price will continue the upward movement and the minimum target for today resistance area 1.10079. It is quite possible that the price will gain strength and reach 1.08949 (50% Fibonacci level) first.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | DJI (4H): Long to resistance area 40071.Dear Colleagues, in the last forecast the price almost reached the target 41680, but sharply started to decline. This means that the price is in a complex correction (WXY).
I expect that the price has almost finished the downward movement in wave (Y), and will start an upward movement soon.
The level where the price may come to is 38799, but in general I expect an upward movement at least to the area of 40071.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Lingrid | AUDCAD losing BULLISH momnetum. ShortThe price perfectly fulfilled my last idea. FX:AUDCAD is making higher highs on the 1H. However, it's important to note that there appears to be a decrease in bullish momentum, flattening slope of the upward movement. As the market heads toward the weekly resistance, the upper border of the channel, and the psychological level at 0.9100, it will be essential to watch how price reacts in this area. The price has previously bounced off from this zone, a retest of the support level is likely, especially since the daily timeframe shows the market has reached key resistance. If the market forms a rejection candle, it may indicate a reversal or a deeper correction. My target is support level at 0.90320
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Lingrid | ARBUSDT Rebounds from Historic LOWBINANCE:ARBUSDT has formed a long-tailed bar on the weekly timeframe, which suggests significant buying pressure at the levels below. The market recently bounced off an all-time low, indicating that buyers have stepped in and pushed the price higher. Notably, this price action resembles previous instances where the market rebounded from support level, leading to substantial upward movement, a rise of about 45%. If the market rejects the support level and maintains this buying momentum, we can expect the price to move upwards towards the channel border. Monitoring for confirmation of the support rejection, along with increasing volume, will be key in validating this bullish signal. My target is resistance zone around 0.6766
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Gold Daily Analysis 1H TimeframeHello guys as my previous was 100% accurate in the buy if we see today trade so we have a sell zone liquidity at 2478 and from here we can enter our first trade with small lot then we will wait for a CHOC (change of character) at the point 2468 and we can enter our 2nd trade if it continious so we can aim our sell target to 2453 in any chance after a CHOC market ho uo 40 pips for a retest then for us it will be a golden chance ⭐️ to catch that trade with our third entry with a little big lot size using proper money management and RR ratio our sell take profit target is 2453 I hope this analysis will work out and help you guys love you all peace!
Gold could rise to 2460After a significant drop of nearly 1,000 pips last Monday, gold has established strong support at 2,380 and began to recover mid-week, reaching the 2,430 resistance zone.
The recent pullback from this resistance found support at 2,415—a level that has served as both support and resistance since the beginning of the month. Once again, support has formed higher, this time at 2,420.
At the time of writing, the price is hovering around 2,435, and we could see a clear breakout to the upside in the hours.
My strategy is to buy on dips, and I will remain bullish as long as the price stays above 2,415.
Lingrid | EURUSD pullback from Strong RESISTANCE zoneFX:EURUSD recently surged and broke the previous month's high (PMH). However, it faced strong resistance at the 1.1000 level, leading to a downward push after the initial breakout. Following this impulse move upward, the market has now entered a consolidation phase. The price is trading close to the previous month's high and at this area we can expect a potentially choppy market for the next few days. The formation of a berish long-tailed bar on the weekly timeframe, suggests a selling pressure at this resistance. Keep an eye on how the market reacts around these key level to gauge its next move. My goal is the support level around 1.08650
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