Lingrid Forex Signals
βοΈGOLD video analysis + π₯FREE SIGNALS ββββββββββ π₯YouTube channelπ Link πTRADING courseπ Link
#GOLD
πUPDATE
The price perfectly fulfills my last idea.β The price formed a range zone or π© triangle pattern, then broke through it, as I mentioned in my last post.π§ XAUUSD also, as we can see, broke the channel, which is a bullish sign.π It might cause a pullback to retest the broken support level.
If the price stays above this level, πthere is a higher chance that we will see the market at 2350 levels. However, if the price fails to update the highs,γ½οΈ I expect it to roll back to the consolidation zone below.π
π―My goal is the resistance zone at around 2340
πUPDATE
The price perfectly fulfills my last idea.β The price formed a range zone or π© triangle pattern, then broke through it, as I mentioned in my last post.π§ XAUUSD also, as we can see, broke the channel, which is a bullish sign.π It might cause a pullback to retest the broken support level.
If the price stays above this level, πthere is a higher chance that we will see the market at 2350 levels. However, if the price fails to update the highs,γ½οΈ I expect it to roll back to the consolidation zone below.π
π―My goal is the resistance zone at around 2340
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
Lingrid Forex Signals
βοΈGOLD video analysis + π₯FREE SIGNALS ββββββββββ π₯YouTube channelπ Link πTRADING courseπ Link
#GOLD
πUPDATE
The market continues π to move in the range zone. The price, after updating highs, is pulling back β€΅οΈ to support levels, which is the swap zone.π The market's main support was tested and bounced off after level rejection.
I think the XAUUSD might be moving π upward because the market closed with a π bullish candle on the daily timeframe. I expect the price to retest the recent high.π
π―My target is resistance at 2332.000
πUPDATE
The market continues π to move in the range zone. The price, after updating highs, is pulling back β€΅οΈ to support levels, which is the swap zone.π The market's main support was tested and bounced off after level rejection.
I think the XAUUSD might be moving π upward because the market closed with a π bullish candle on the daily timeframe. I expect the price to retest the recent high.π
π―My target is resistance at 2332.000
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
#GOLD
πNew forecast
XAUUSD price is still moving sideways.π The market is bouncing between range boundaries. The bulls failed to πpush the price higher at the top of the range, which might be a sign that the market will moveπ to the bottom of the range.
The market, as you can see, is consolidating around 2300π because the price usually moves sideways π at key levels, which is basically the πaccumulation phase before the distribution. I expect it to go down to retest the support level and probably the downward channel border as well.β¬
π―My goal is the support level at 2283.
πNew forecast
XAUUSD price is still moving sideways.π The market is bouncing between range boundaries. The bulls failed to πpush the price higher at the top of the range, which might be a sign that the market will moveπ to the bottom of the range.
The market, as you can see, is consolidating around 2300π because the price usually moves sideways π at key levels, which is basically the πaccumulation phase before the distribution. I expect it to go down to retest the support level and probably the downward channel border as well.β¬
π―My goal is the support level at 2283.
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
Lingrid Forex Signals
#GOLD πNew forecast XAUUSD price is still moving sideways.π The market is bouncing between range boundaries. The bulls failed to πpush the price higher at the top of the range, which might be a sign that the market will moveπ to the bottom of the range.β¦
#GOLD
πUPDATE
XAUUSD price formed a range zoneπ on the 1H timeframe. As you can see, the market is bouncing between range boundaries.π The price keeps bouncing off the πresistance level at 2320. I think theπ» bears are pulling the price lower because we have lower highs.
On the daily timeframe, the price action created a doji candle,βοΈ which is an is an indecision candle. I expect to grab the liquidity above πͺ the resistance zone and then move to retest the support level, which is essentially the middle level of the range zone below. π
π―My goal is the support level at 2290
πUPDATE
XAUUSD price formed a range zoneπ on the 1H timeframe. As you can see, the market is bouncing between range boundaries.π The price keeps bouncing off the πresistance level at 2320. I think theπ» bears are pulling the price lower because we have lower highs.
On the daily timeframe, the price action created a doji candle,βοΈ which is an is an indecision candle. I expect to grab the liquidity above πͺ the resistance zone and then move to retest the support level, which is essentially the middle level of the range zone below. π
π―My goal is the support level at 2290
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
#GOLD
πNew forecast
The release of new data triggered aπ surge in the XAUUSD market, propelling it above the critical resistance zone at π 2350. This break also cleared π the previous week's high, which has now transformed into a support level.
In my opinion, the ideal scenario would be a retracement to the broken level,β€΅οΈ followed by a continued upward momentum.π I anticipate a pullback towards the 2350 key level, where we can look for confirmation of buyingβ opportunity aiming the round number at 2400.
π―My goal is the resistance zone around 2385.000
πNew forecast
The release of new data triggered aπ surge in the XAUUSD market, propelling it above the critical resistance zone at π 2350. This break also cleared π the previous week's high, which has now transformed into a support level.
In my opinion, the ideal scenario would be a retracement to the broken level,β€΅οΈ followed by a continued upward momentum.π I anticipate a pullback towards the 2350 key level, where we can look for confirmation of buyingβ opportunity aiming the round number at 2400.
π―My goal is the resistance zone around 2385.000
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
#GOLD
πNew forecast
As expected, the price has pulled back towards the support levelβ€΅οΈ around 2330, which I mentioned in my previous post. XAUUSD price has been ranging near the π previous day's low,having fallen from its recent highs. The channel border, which acts as upward trendline and πa swap zone, is now being tested. This support level previously acted as resistance, π‘holding the price steady for over a week.
On the weekly timeframe, the market is currently testing the 50% retracement π level of the weekly range. If the market makes to fake breakout of the previous day's low,β€΄οΈ I think it could potentially move upward towards recent highs. Overall, I anticipate a choppy market ahead, given the upcoming news reports. π
π―My target is the resistance zone around 2361.
πNew forecast
As expected, the price has pulled back towards the support levelβ€΅οΈ around 2330, which I mentioned in my previous post. XAUUSD price has been ranging near the π previous day's low,having fallen from its recent highs. The channel border, which acts as upward trendline and πa swap zone, is now being tested. This support level previously acted as resistance, π‘holding the price steady for over a week.
On the weekly timeframe, the market is currently testing the 50% retracement π level of the weekly range. If the market makes to fake breakout of the previous day's low,β€΄οΈ I think it could potentially move upward towards recent highs. Overall, I anticipate a choppy market ahead, given the upcoming news reports. π
π―My target is the resistance zone around 2361.
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
#GOLD
πNew forecast
The price perfectly fulfilled my last idea.β It hit the TP. We've seen a retest of the level, followed by a continuation β€΄οΈ scenario in the market. On the 4H timeframe, XAUUSD has bounced off the trendline and support level at 2350.π If the price breaks down through this trendline, we can anticipate a high likelihood of π sideways movement.
However, if the market remains above theπ key support and trendline, I think there is a potential retest of the strong πͺ resistance at 2400. I expect a correction to the support level where the impulse movement originated, and then lookπ for buying signals.
π―My goal is the resistance zone around 2385
πNew forecast
The price perfectly fulfilled my last idea.β It hit the TP. We've seen a retest of the level, followed by a continuation β€΄οΈ scenario in the market. On the 4H timeframe, XAUUSD has bounced off the trendline and support level at 2350.π If the price breaks down through this trendline, we can anticipate a high likelihood of π sideways movement.
However, if the market remains above theπ key support and trendline, I think there is a potential retest of the strong πͺ resistance at 2400. I expect a correction to the support level where the impulse movement originated, and then lookπ for buying signals.
π―My goal is the resistance zone around 2385
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
#GOLD
πNew forecast
The price perfectly fulfilled my last idea.π XAUUSD played out nicely and hit the target. The release of new data triggered a π surge in market, which ultimately broke above the previous high. This move also cleared the previous week's high, providing a clear indication of the market's π upward momentum.
Given that the market has reached the π key resistance zone at 2400, I think it would be wise to wait for a pullback β€΅οΈ before anticipating the continuation of the bullish trend. I expect a correction towardsπ the support area between 2363 and 2370, where we can look for confirmationβ of a buying opportunity with the aim of targeting the liquidity zone above 2400.πͺ
π―My goal is the resistance zone around 2410.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
πNew forecast
The price perfectly fulfilled my last idea.π XAUUSD played out nicely and hit the target. The release of new data triggered a π surge in market, which ultimately broke above the previous high. This move also cleared the previous week's high, providing a clear indication of the market's π upward momentum.
Given that the market has reached the π key resistance zone at 2400, I think it would be wise to wait for a pullback β€΅οΈ before anticipating the continuation of the bullish trend. I expect a correction towardsπ the support area between 2363 and 2370, where we can look for confirmationβ of a buying opportunity with the aim of targeting the liquidity zone above 2400.πͺ
π―My goal is the resistance zone around 2410.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
Lingrid Forex Signals
#GOLD πNew forecast The price perfectly fulfilled my last idea.π XAUUSD played out nicely and hit the target. The release of new data triggered a π surge in market, which ultimately broke above the previous high. This move also cleared the previous week'sβ¦
#GOLD
πUPDATE
The market has indeed pulled backβ€΅οΈ towards the support level, forming aπ» bearish bar with a long tail on the daily timeframe, indicating resistance rejection. I believe the market may continue to create a two-legged pullback.π¦Ώ If the market makes a fake breakout of the previous day's low, it could be a sign of a further πbullish move.
I expect a liquidity grab πͺ below the previous day's low then a π continuation of the trend. There's a likelihood that the market might form a triangle pattern π before moving forward.
π―My target is the resistance level at 2405
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
πUPDATE
The market has indeed pulled backβ€΅οΈ towards the support level, forming aπ» bearish bar with a long tail on the daily timeframe, indicating resistance rejection. I believe the market may continue to create a two-legged pullback.π¦Ώ If the market makes a fake breakout of the previous day's low, it could be a sign of a further πbullish move.
I expect a liquidity grab πͺ below the previous day's low then a π continuation of the trend. There's a likelihood that the market might form a triangle pattern π before moving forward.
π―My target is the resistance level at 2405
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
#GOLD
πNew forecast
The price perfectly fulfills my last weekly forecast.π The market's rally has indeed reached its target, but I'm now cautiously watching for a potential pullback.β€΅οΈ With the XAUUSD already extending upside, it's not uncommon to see a retracement.π The daily chart is showing a significantπ» bearish divergence, which further suggests that we may see a reversal.
If the market drops back to the support level π»and closes below 2430, it would be a βοΈ failed breakout. However, given the strong bullish momentum, I think the market will seek liquidity πͺ near the support area between 2400 and 2430. I expect the price will bounce off the support levelπ and then retrace along an upward trendline, ultimately leading to aπ bullish move.
π―My goal is the resistance zone at 2465.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
β4GOLD+260pβ
β5GOLD+437pβ
πNew forecast
The price perfectly fulfills my last weekly forecast.π The market's rally has indeed reached its target, but I'm now cautiously watching for a potential pullback.β€΅οΈ With the XAUUSD already extending upside, it's not uncommon to see a retracement.π The daily chart is showing a significantπ» bearish divergence, which further suggests that we may see a reversal.
If the market drops back to the support level π»and closes below 2430, it would be a βοΈ failed breakout. However, given the strong bullish momentum, I think the market will seek liquidity πͺ near the support area between 2400 and 2430. I expect the price will bounce off the support levelπ and then retrace along an upward trendline, ultimately leading to aπ bullish move.
π―My goal is the resistance zone at 2465.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
β4GOLD+260pβ
β5GOLD+437pβ
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
#GOLD
πUPDATE
After reaching the critical resistance zone, the market has pulled back,β€΅οΈ with the price currently testing the support level at 2400 and the lower γ½οΈ border of the upward channel. The double test of this support level suggests that the π» bears have been unable to push the price lower, indicating a potential turning point. On the daily timeframe, π© an inside bar formation is developing, indicating consolidation within the previous day's range.π
I believe that the market may πcontinue to move upward, as the price πͺ took a liquidaty below the previous day's low. If the market bounces off this support level, I expect a retest of the recent resistance zone and a subsequent πbullish move.
π―My goal is the resistance zone around 2460
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
β4GOLD+260pβ
β5GOLD+437pβ
πUPDATE
After reaching the critical resistance zone, the market has pulled back,β€΅οΈ with the price currently testing the support level at 2400 and the lower γ½οΈ border of the upward channel. The double test of this support level suggests that the π» bears have been unable to push the price lower, indicating a potential turning point. On the daily timeframe, π© an inside bar formation is developing, indicating consolidation within the previous day's range.π
I believe that the market may πcontinue to move upward, as the price πͺ took a liquidaty below the previous day's low. If the market bounces off this support level, I expect a retest of the recent resistance zone and a subsequent πbullish move.
π―My goal is the resistance zone around 2460
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
β4GOLD+260pβ
β5GOLD+437pβ
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
#GOLD
πNew forecast
The market continues moving in the π a sideways trend, with the price forming a descending triangle pattern. XAUUSD is making lower highs π and relatively equal lows, suggesting that the market may be poised to break below the equal lows.β€΅οΈ Notably, the key support level at π 2400 is located below this potential breakout point.
If the price forms a fake breakout byπͺtaking out the liquidity below the EQL, I believe it could lead to a significant upward move.π Following this, I anticipate the market will experience a short-term pullback before extending its upward trajectory. π
π―My goal is the resistance zone at 2460.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
β4GOLD+260pβ
β5GOLD+437pβ
πNew forecast
The market continues moving in the π a sideways trend, with the price forming a descending triangle pattern. XAUUSD is making lower highs π and relatively equal lows, suggesting that the market may be poised to break below the equal lows.β€΅οΈ Notably, the key support level at π 2400 is located below this potential breakout point.
If the price forms a fake breakout byπͺtaking out the liquidity below the EQL, I believe it could lead to a significant upward move.π Following this, I anticipate the market will experience a short-term pullback before extending its upward trajectory. π
π―My goal is the resistance zone at 2460.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
β4GOLD+260pβ
β5GOLD+437pβ
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
#GOLD
πNew forecast
As we can see that the XAUUSD recent sold-off,π» where the price surged above its previous high before plummeting, breaking through the π crucial support level at 2400. At this point, the market may enter a sideways phase,π as the formation of aγ½οΈ double top suggests that the bulls lacked the strength to push prices higher.
This could be an opportunity for tradersπ who missed the initial bullish rally to go long. The next key support level is 2350, where the price consolidated π below for a prolonged period beforeβ€΄οΈ finally breaking and closing above it. I expect a retest of the resistance zone at 2400 from the support level. βοΈ However, if the market continues to decline, the next significant support level will be at 2300. π
π―My target is resistance zone at 2390.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
β4GOLD+260pβ
β5GOLD+437pβ
β6GOLD -93pβ
πNew forecast
As we can see that the XAUUSD recent sold-off,π» where the price surged above its previous high before plummeting, breaking through the π crucial support level at 2400. At this point, the market may enter a sideways phase,π as the formation of aγ½οΈ double top suggests that the bulls lacked the strength to push prices higher.
This could be an opportunity for tradersπ who missed the initial bullish rally to go long. The next key support level is 2350, where the price consolidated π below for a prolonged period beforeβ€΄οΈ finally breaking and closing above it. I expect a retest of the resistance zone at 2400 from the support level. βοΈ However, if the market continues to decline, the next significant support level will be at 2300. π
π―My target is resistance zone at 2390.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+466pβ
β2GOLD+247pβ
β3GOLD+281pβ
β4GOLD+260pβ
β5GOLD+437pβ
β6GOLD -93pβ
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
#GOLD
πNew forecast
The market has taken a sharp plungeπ» from the resistance zone, reminiscent of a similar -6% decline that occurred after the previous all-time high.π Currently, the market has already dropped by around 5% from the resistance level at 2450, leaving room for further π» bearish momentum towards the π psychological level of 2300.
On the daily chart, we're seeing βοΈ two consecutive large bearish candles π indicating the current dominant trend. Given the rapid price movement, I'm anticipating a temporary consolidation phase π before considering further price action. If the market re-enters β€΄οΈ the resistance zone at 2350-2360, I'll be looking for confirmation to enter a short position. β
π―My goal is support level at 2310
πNew forecast
The market has taken a sharp plungeπ» from the resistance zone, reminiscent of a similar -6% decline that occurred after the previous all-time high.π Currently, the market has already dropped by around 5% from the resistance level at 2450, leaving room for further π» bearish momentum towards the π psychological level of 2300.
On the daily chart, we're seeing βοΈ two consecutive large bearish candles π indicating the current dominant trend. Given the rapid price movement, I'm anticipating a temporary consolidation phase π before considering further price action. If the market re-enters β€΄οΈ the resistance zone at 2350-2360, I'll be looking for confirmation to enter a short position. β
π―My goal is support level at 2310
TradingView
GOLD keep growing for FOREXCOM:XAUUSD by Lingrid
The price reacts very strongly to the news. Very high volatility. It is important to trade very carefully or wait until the market calms down.
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
I look forward to fixing the price above the support zone and growth. My next target is resistance 1930.6
Tradersβ¦
#GOLD
πNew forecast
Our current focus is onπ identifying the optimal entry point within the zone formed between 2350 and 2375. As we can see, the XAUUSD is currently slowing downπ after experiencing a π bearish momentum, which is likely to lead to a pullback. I think that the optimal entry zone for shorting the market is around the 2370 level, as it has been respected each time π it approached in the past.
Today there are π no high-impact news on the horizon, therefore I expect rather a sideways movement.π If the market makes an impulsive move upwards and breaks through the lower border of the channel,π closing above it, I would βοΈconsider it a potential fake breakout. Conversely, if the market rejects this level, it would serve as a confirmation signal to initiate a short position.π»
π―My goal for the next days is key support level at 2300.
πNew forecast
Our current focus is onπ identifying the optimal entry point within the zone formed between 2350 and 2375. As we can see, the XAUUSD is currently slowing downπ after experiencing a π bearish momentum, which is likely to lead to a pullback. I think that the optimal entry zone for shorting the market is around the 2370 level, as it has been respected each time π it approached in the past.
Today there are π no high-impact news on the horizon, therefore I expect rather a sideways movement.π If the market makes an impulsive move upwards and breaks through the lower border of the channel,π closing above it, I would βοΈconsider it a potential fake breakout. Conversely, if the market rejects this level, it would serve as a confirmation signal to initiate a short position.π»
π―My goal for the next days is key support level at 2300.
TradingView
Lingrid | GOLD Weekly MARKET OUTLOOK for OANDA:XAUUSD by Lingrid
Last week was a tough period for gold, marked by a sharp reversal where the bull's momentum suddenly gave way to a bearish surge. The bull takes the stairs, the bear jumps out the window as they say. The sudden correction was not a surprise, but rather aβ¦
Lingrid Forex Signals
#GOLD πNew forecast Our current focus is onπ identifying the optimal entry point within the zone formed between 2350 and 2375. As we can see, the XAUUSD is currently slowing downπ after experiencing a π bearish momentum, which is likely to lead to a pullback.β¦
#GOLD
πUPDATE
The gold price has reached the resistance zone, where we've previously seen sell-offs.π» As expected, the market has formed a retracement, moving higher in a corrective move. However, we might see a two-legged pullback,π¦Ώ which would provide an ideal opportunity to go short. The price has tested the resistanceπ level at 2350, only to rebound and continue its downward momentum. ‡οΈ
Looking ahead,π I expect the market to move downward due to the bearish flag pattern π© being broken through. Furthermore, the long tail bar on the 4H timeframe indicates π significant sell pressure.βοΈ Given these factors, I expect the price to retest the psychological level below 2300 and potentially moving even lower.π
π―My goal is the support level around 2310
πUPDATE
The gold price has reached the resistance zone, where we've previously seen sell-offs.π» As expected, the market has formed a retracement, moving higher in a corrective move. However, we might see a two-legged pullback,π¦Ώ which would provide an ideal opportunity to go short. The price has tested the resistanceπ level at 2350, only to rebound and continue its downward momentum. ‡οΈ
Looking ahead,π I expect the market to move downward due to the bearish flag pattern π© being broken through. Furthermore, the long tail bar on the 4H timeframe indicates π significant sell pressure.βοΈ Given these factors, I expect the price to retest the psychological level below 2300 and potentially moving even lower.π
π―My goal is the support level around 2310
TradingView
Lingrid | GOLD Weekly MARKET OUTLOOK for OANDA:XAUUSD by Lingrid
Last week was a tough period for gold, marked by a sharp reversal where the bull's momentum suddenly gave way to a bearish surge. The bull takes the stairs, the bear jumps out the window as they say. The sudden correction was not a surprise, but rather aβ¦
Lingrid Forex Signals
#GOLD πNew forecast Our current focus is onπ identifying the optimal entry point within the zone formed between 2350 and 2375. As we can see, the XAUUSD is currently slowing downπ after experiencing a π bearish momentum, which is likely to lead to a pullback.β¦
#GOLD
πUPDATE
The market has recently pulled β€΄οΈ back into the entry zone, only to be rejected by the resistance level twice. This failure to break through the resistance suggests that the current π trend is shifting to downward.π Furthermore, the presence of a downward trendline that has acted as both support and resistance has repeatedly containedπ the price's upward momentum.
I think that the market is now β‘οΈpoised to retest recent support levels, unless an upcoming news eventπ° significantly changes the market's direction. The recent fake breakout of the 2350-2360 γ½οΈ zone also indicates that the bulls π lack the strength to push the price to new highs. As a result, I expect the price to move lower, π» potentially breaking through the previous week's low.
π―My goal is the support level around 2310
πUPDATE
The market has recently pulled β€΄οΈ back into the entry zone, only to be rejected by the resistance level twice. This failure to break through the resistance suggests that the current π trend is shifting to downward.π Furthermore, the presence of a downward trendline that has acted as both support and resistance has repeatedly containedπ the price's upward momentum.
I think that the market is now β‘οΈpoised to retest recent support levels, unless an upcoming news eventπ° significantly changes the market's direction. The recent fake breakout of the 2350-2360 γ½οΈ zone also indicates that the bulls π lack the strength to push the price to new highs. As a result, I expect the price to move lower, π» potentially breaking through the previous week's low.
π―My goal is the support level around 2310
TradingView
Lingrid | GOLD Weekly MARKET OUTLOOK for OANDA:XAUUSD by Lingrid
Last week was a tough period for gold, marked by a sharp reversal where the bull's momentum suddenly gave way to a bearish surge. The bull takes the stairs, the bear jumps out the window as they say. The sudden correction was not a surprise, but rather aβ¦
Lingrid Forex Signals
#GOLD πNew forecast Our current focus is onπ identifying the optimal entry point within the zone formed between 2350 and 2375. As we can see, the XAUUSD is currently slowing downπ after experiencing a π bearish momentum, which is likely to lead to a pullback.β¦
#GOLD
πUPDATE
The market is still consolidating π following the recent bearish move,π» and the price action is currently forming a head and shoulders pattern.πΏ As you can see, the left shoulder and head have already been established. The price is currently testing the neckline, which coincides with theπ lower border of the channel.
On the 4H timeframe, a potential reversal candleπ is forming at the support level, which could be a short-term pullback from the bottom of the range zone.β€΄οΈ If the price breaks through the neckline, we can anticipate another impulse legπ down to around 2280. Overall, I expect the market to narrow its price rangeπ© in order to form a triangle shape formation before continuing its π current trend.
π―My goal is the support level around 2290
πUPDATE
The market is still consolidating π following the recent bearish move,π» and the price action is currently forming a head and shoulders pattern.πΏ As you can see, the left shoulder and head have already been established. The price is currently testing the neckline, which coincides with theπ lower border of the channel.
On the 4H timeframe, a potential reversal candleπ is forming at the support level, which could be a short-term pullback from the bottom of the range zone.β€΄οΈ If the price breaks through the neckline, we can anticipate another impulse legπ down to around 2280. Overall, I expect the market to narrow its price rangeπ© in order to form a triangle shape formation before continuing its π current trend.
π―My goal is the support level around 2290
TradingView
Lingrid | GOLD Weekly MARKET OUTLOOK for OANDA:XAUUSD by Lingrid
Last week was a tough period for gold, marked by a sharp reversal where the bull's momentum suddenly gave way to a bearish surge. The bull takes the stairs, the bear jumps out the window as they say. The sudden correction was not a surprise, but rather aβ¦