Lingrid | GOLD Weekly PRICE Action ANALYSISOANDA:XAUUSD reached an all-time high this week, testing the zone above 2800 and maintaining an upward trajectory, as I noted in my last weekly post. January candle closed strongly above the 2024 high, indicating a strong bullish momentum in the market. Any pullback at this stage could present a prime opportunity to go long, if this doesn't turn out to be a false breakout of last year's high.
However, on the daily timeframe, the formation of a long-tailed bar suggests a potential rejection at this resistance level, indicating the possibility of a pullback. Additionally, on the weekly timeframe, we can observe a closing below the psychological level of 2800 and weekly candle tail, which hints at potential selling pressure above. Overall, I anticipate the market to continue bullish movement, potentially reaching resistance zone of 2830-2850, which seems achievable unless the price action indicates otherwise.
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Lingrid | GOLD Possible Pullback at Resistance LevelThe price perfectly fulfills my last idea. It hit the target. OANDA:XAUUSD market is currently forming a bullish flag pattern on the lower timeframes. However, upon examining the price action, it appears that the market is losing its bullish momentum. The price dipped below the previous resistance level, which could indicate a false breakout. On the daily timeframe, the last candle is a doji, suggesting indecision in the market. Given that we have high-impact news today, it’s possible that the price may experience significant spikes. I expect short term pulled from the resistance zone IF price presents sign of weakness at the resisatnce zone. My goal is support zone around 2790
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Lingrid | BTCUSDT decline Continues amid BEAR pressureThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:BTCUSDT is currently making a downward move, breaking and closing below the key level of 100,000 and cosolidation zone. The price also broke and close below the upward channel, which indicates a shift in momentum. If we zoom out we can see that it continues to test the area above the 90,000 level, and it may soon move below this zone. Overall, aftert bullish move in November the sideways movement persists, and I expect that the market could dip below the January low. My goal is support zone around 89,000
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Lingrid | EURUSD Gaps Down. Short Opportunity The price perfectly fulfilled my last idea. It hit the target level. The February candle opened with a significant gap. Typically, when a gap occurs, the price tends to fill that gap, and this time may be no exception. If FX:EURUSD does fill the gap, it could present an opportunity to short the market. Given that the market opened near the previous month's low, I believe it may consolidate above that level before moving lower or filling the gap and then continuing its downward movement. It seems likely that the price will form a range zone during this time. I expect the market to at least retest the previous monthly low and the area below it. My goal is support zone around 1.01300
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Lingrid | GOLD Possible Short-Term PULLBACK from KEY ResistanceThe price perfectly fulfills my last idea. It reached the target level. OANDA:XAUUSD market moved above the previous year's high and reached the psychological level at 2800, confirming the expectation from yesterday. Currently, the price is moving sideways at this resistance zone, and it's possible that we may see a short-term pullback in this area, despite the daily timeframe showing a close above the previous ATH. With upcoming high-impact news, it's essential to remain vigilant. I expect the price to continue consolidating at this level, likely trading between 2770 and 2800, especially as we approach the monthly close. This consolidation may lead to further volatility once the market reacts to the news. My goal is support zone 2775
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TUESDAY GOLD BULL ALL TIME HIGH ALERT!🚀 Calling all traders! 🌟 XAUUSD is blazing, smashing records with finesse! 🔥 Here’s the latest:
🔍 XAUUSD Overview: 📊 Engaged in a gripping duel between 2813 and 2823. 🤔 Is a breakout looming?
📉 Bearish Outlook: 📉 Be alert for potential declines if it dips below the range! 🎯 Targets: 2800 & 2795.
📈 Bullish Outlook: 📈 Anticipate buying opportunities if it breaks above! 🎯 Targets: 2830, 2840.
💬 Join the Discussion: 💬 Share your perspectives as we journey through this golden terrain! 🗣️ Let’s reach new heights together! 💼✨
Lingrid | SOLUSDT possible BULL Trap in the MARKETSBINANCE:SOLUSDT market made a false breakout of the previous resistance zone before dropping significantly. Like many other markets, it sold off and fell below the key psychological level of 200. Although there was a daily long-tailed bar formed at the support level, the price did not test the area below the January low. Thus I think the recent bounce off the support level could be a bull trap. As a result, I anticipate another sell-off that may push the market towards the 150 level, where it could find substantial support and price surge. My mid-term goal is support level at 167
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Lingrid | EURJPY short from PSYCHOLOGICAL levelThe price perfectly fulfills my last idea. It hit the target. The price broke through the psychological level at 161.000 before pulling back. Overall, FX:EURJPY is in a bearish trend, with the price consistently making lower lows and lower closes. I anticipate that the price may rise to retest the channel boundary, trendline, and resistance before continuing to decline and making lower lows. On the daily timeframe, the price filled the gap and then moved above the previous day's high, which could be a false breakout. Consequently, I expect a decline from this level, followed by a retest of the support. My goal is the support level at 159.500
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Market Analysis for US30 (Sell)US30 has broken through the fair value gap, confirming a strong bearish momentum and aligning perfectly with our trading strategy. This setup indicates a market imbalance correction, creating an optimal sell opportunity. With price action showing rejection from key resistance levels, we anticipate further downside movement. Stops are placed above the FVG for risk control, and targets are set at the next support zone. This is a textbook example of our strategic approach to capitalizing on market inefficiencies.
EURCAD - Sell Setup at Clear Resistance ZoneOANDA:EURCAD is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, leading to reversals. If the price confirms rejection through bearish price action, such as wicks signaling rejection, I anticipate a move downward toward the 1.49600 level.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside.
Proper risk management is essential, given the possibility of price breaking higher.
This is not financial advice but rather how I approach support/resistance zones. Always wait for confirmation, like a rejection candle or volume spike before jumping in. And let me know what you think of this setup in the comments!
Gold Forecast Update New ETH in GoldGold Price Analysis:
The gold price has successfully reached our target level of $2808.20, marking a significant milestone in its upward trajectory. Moving forward, we'll be monitoring the price action closely to identify potential trading opportunities.
Key Levels to Watch:
Target: $2820.00
Target: $2840.00
Trading Strategy:
Our analysis suggests that the gold price is poised for further gains, with a potential target of $2840.00. We recommend keeping a close eye on the price action and being prepared to take advantage of any trading opportunities that may arise.
Technical Outlook:
The gold price has been exhibiting a strong upward trend, driven by a combination of technical and fundamental factors. Our technical indicators suggest that the price is likely to continue its upward momentum in the short term.
Conclusion:
In conclusion, our analysis suggests that the gold price is likely to continue its upward trend in the short term, with a potential target of $2840.00. We recommend keeping a close eye on the price action and being prepared to take advantage of any trading opportunities that may arise.
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XAUUSD GOLD Weekly Price Action Analysis.As I mentioned in my previous weekly post, the market hit an all-time high this week, testing the zone above 2800 and continuing to rise. The January candle finished significantly above the 2024 high, indicating a strong bullish trend in the market. Any retracement at this point might be a great opportunity to go long, assuming this isn't a fake breakout of last year's high.
However, on the daily timescale, the appearance of a long-tailed bar indicates a likely rejection at this resistance level, implying a pullback. Furthermore, on the weekly timeframe, we can see a closure below the psychological threshold of 2800 and a weekly candle tail, indicating potential selling pressure above. Overall, I expect the market to continue its upward trend, potentially hitting the resistance zone of 2830-2850, which appears to be doable unless price action signals otherwise.
The price completely matched my final idea. It reached the target level. The market has rallied beautifully off the support level you mentioned yesterday. It is critical to properly monitor the key level at 2800. If the market is able to close above this level, it may open the door to the resistance zone between 2830 and 2850. If the price bounces back down from this level, it may drop to the 2760 support zone. Given that the price has fallen below the previous low, there may be some upward action, which might lead to ATH or a difficult pullback. Overall, I believe the price will continue to rise, potentially testing the area above the previous month's high. My objective is resistance at around 2825.
By Nexua]s Trades Zone
GOLD CURRENT H4 MAPPING ALERT!CURRENT H4 MAPPING ✅
There's two zones valid for us to follow buy, for the qm failed zone is my first confident zone to buy and follow the momentum.
Second buy zone, is the buy for scalping retracement because trust me when price reach second zone trend has been break.
So now let's wait and i will keep update for every market movement
Lingrid | EURUSD resistance ZONE Rejection. Potential SHORTFX:EURUSD market pulled back towards the support level, only to surge above the previous week's high before reversing course. This sudden move effectively rejected the psychological level of 1.0500. Furthermore, the market broke and closed below the upward trendline, a that support the price for 2 weeks. Given the high-impact news scheduled for today, we can anticipate some increased volatility and potential spikes. In light of this, I believe the market will retest the resistance zone, paving the way for a bearish move. My goal is support zone around 1.03425
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Lingrid | NZDJPY price CORRECTION. Short TRADE OpportunityFX:NZDJPY market has pulled back after retesting the support level, but overall the price is making lower lows and lower closes, indicating bearish dominance. The recent pullback against the major trend presents an opportunity to short the market. The price is currently testing the consolidation zone, which often acts as both support and resistance, and I expect the price to drop from this resistance zone and also from the upward trendline. My goal is support zone around 86.800
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Lingrid | TONUSDT bearish PRESSURE. Possible ShortRecently the crypto market experienced a short-term selloff, but was able to recover and gain bullish momentum. However, OKX:TONUSDT has deviated from this trend, as it continues to form lower highs without creating significant bullish momentum. Furthermore, it has broken and closed below the psychologically important level of 5.00, which suggests bearish pressure. On the weekly timeframe, TON has formed a bearish pinbar, indicating selling pressure, and may retest lower levels as a result. I expect the price to move support zone at 4.00. My goal is support zone around 4.430
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Market Analysis for nas100 (Sell)nas100 has broken through the fair value gap, confirming a strong bearish momentum and aligning perfectly with our trading strategy. This setup indicates a market imbalance correction, creating an optimal sell opportunity. With price action showing rejection from key resistance levels, we anticipate further downside movement. Stops are placed above the FVG for risk control, and targets are set at the next support zone. This is a textbook example of our strategic approach to capitalizing on market inefficiencies.
Lingrid | TRXUSDT continues to MOVE Sideways in the RANGEBINANCE:TRXUSDT market is currently making higher highs and higher lows. However, it continues to oscililate around the key level at 0.2500. On the weekly timeframe, the price action is within a consolidating zone, meaning it is trading within the previous weekly range. As the price has now reached the top of this consolidation zone, there is a potential for a reversal. Given this context, I expect the market to move lower from this level, as it hits resistance at the top of the consolidation zone and channel border. My goal is support level at 0.2450
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Lingrid | GOLD Weekly Market Technical AnalysisOANDA:XAUUSD market closed above the November high. On the weekly timeframe, we see four bullish candles, with last week showing acceleration as the price approached the resistance zone. When testing this zone, the price did not react sharply, indicating that sellers may not be ready to act in this area.
On the weekly chart, we have a strong close with a bullish candle with small wicks. However, the daily timeframe presents a slightly different picture: the price tested the resistance zone and then pulled back, forming a tail on the daily candle which suggests a potential shor term roll back. Nevertheless, it failed to close below the November low, demonstrating bullish strength.
With the Federal Funds Rate decision scheduled for next week, the market may move sideways at this level until Wednesday. It appears that the price has reached this level in preparation for a potential move either up or down, depending on the economic data that is released. Overall, I expect the market to trend higher following this pullback.
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FRIDAY GOLD CHART ALERT!Attention traders! XAUUSD is on fire, setting new highs with precision! Check this out:
XAUUSD Insight: Locked in a fierce contest between 2790 and 2797. Is a breakout near?
Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2789, 2780
Upside Watch: Look for buying signals if it rises above! Targets: 2808, 2815.