Lingrid Forex Signals
๐GOLD ANALYSIS โ๏ธMay closed with a long-tailed monthly candle, it's now clear that we have 2 consecutive long-tailed candles, which strongly suggests that the GOLD is struggling to stay above the key resistance level of 2400 - indication that the market isโฆ
#GOLD
๐UPDATE
After breaking the previous week's low,๐ the market is now pulling back โคด๏ธ towards the range zone, signaling a correction against the current๐ป bearish trend. With high-impact news ๐ป on the horizon, the price is poised to move in any direction, but I believe it may continue to trend downwards if the DXY index rises. ๐
If the market fails to push higher โคด๏ธ at the resistance zone between 2330 and 2340,ใฝ๏ธ we can expect a rebound from this point, potentially leading to a retest of the support level and channel border.โฌ
๐ฏMy goal is the support level of around 2290
๐UPDATE
After breaking the previous week's low,๐ the market is now pulling back โคด๏ธ towards the range zone, signaling a correction against the current๐ป bearish trend. With high-impact news ๐ป on the horizon, the price is poised to move in any direction, but I believe it may continue to trend downwards if the DXY index rises. ๐
If the market fails to push higher โคด๏ธ at the resistance zone between 2330 and 2340,ใฝ๏ธ we can expect a rebound from this point, potentially leading to a retest of the support level and channel border.โฌ
๐ฏMy goal is the support level of around 2290
Lingrid Forex Signals
๐GOLD ANALYSIS โ๏ธMay closed with a long-tailed monthly candle, it's now clear that we have 2 consecutive long-tailed candles, which strongly suggests that the GOLD is struggling to stay above the key resistance level of 2400 - indication that the market isโฆ
#GOLD
๐UPDATE
The price perfectly fulfilled my last idea.โ It reached the entry zone. The price has pulled back towards the resistance zone and channel border, specifically testing the ๐ key area at 2350. Notably, the price action has consistently made lower lows and lower closes,๐ indicating a strong๐ป bearish trend.
As the market has formed a rejection candle๐ at the resistance level, I anticipate a potential move lower levels. With this ๐ bearish momentum in place, I expect the trend to continue, potentially targeting the psychologically significant level of 2300. ๐
๐ฏMy target on 1H is the support level around 2316.80
๐UPDATE
The price perfectly fulfilled my last idea.โ It reached the entry zone. The price has pulled back towards the resistance zone and channel border, specifically testing the ๐ key area at 2350. Notably, the price action has consistently made lower lows and lower closes,๐ indicating a strong๐ป bearish trend.
As the market has formed a rejection candle๐ at the resistance level, I anticipate a potential move lower levels. With this ๐ bearish momentum in place, I expect the trend to continue, potentially targeting the psychologically significant level of 2300. ๐
๐ฏMy target on 1H is the support level around 2316.80
#GOLD
๐New forecast
The price perfectly fulfilled my last idea.๐ After the market broke through the resistance level, it made an impulsive move downward.โก๏ธ XAUUSD closed below the significant level of 2330 suggests a continued range-bound market until the New York session.๐บ๐ธ However, if the price pulls back from the resistance zone and the upward trendline, I expect a potential selling opportunity. ๐ป
This is because the price has โคต๏ธ repeatedly bounced off this level in the last days, and the recent big bearish candle that broke through๐ it is a clear indication of its importance. In this scenario, I anticipate the price to retest the โ๏ธ equal lows.
๐ฏMy goal is the previous support level at 2315.000
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
๐New forecast
The price perfectly fulfilled my last idea.๐ After the market broke through the resistance level, it made an impulsive move downward.โก๏ธ XAUUSD closed below the significant level of 2330 suggests a continued range-bound market until the New York session.๐บ๐ธ However, if the price pulls back from the resistance zone and the upward trendline, I expect a potential selling opportunity. ๐ป
This is because the price has โคต๏ธ repeatedly bounced off this level in the last days, and the recent big bearish candle that broke through๐ it is a clear indication of its importance. In this scenario, I anticipate the price to retest the โ๏ธ equal lows.
๐ฏMy goal is the previous support level at 2315.000
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
#GOLD
๐New forecast
Yesterday's release of high ๐ด impact news sparked a surge in the XAUUSD market, propelling it above the crucial resistance zone at 2350 and out of the compression channel.โซ This break also cleared the previous week's high. I think, the ideal scenario would be a โคต๏ธ retracement to the broken trendline level, setting the stage for a continued upward movement. ๐
I expect a pullback towards๐ the 2350 key level, where we can assess the situation and look for confirmation of a buying opportunity ๐ before targeting the round number at 2390.
๐ฏMy goal is the resistance zone around 2382.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
๐New forecast
Yesterday's release of high ๐ด impact news sparked a surge in the XAUUSD market, propelling it above the crucial resistance zone at 2350 and out of the compression channel.โซ This break also cleared the previous week's high. I think, the ideal scenario would be a โคต๏ธ retracement to the broken trendline level, setting the stage for a continued upward movement. ๐
I expect a pullback towards๐ the 2350 key level, where we can assess the situation and look for confirmation of a buying opportunity ๐ before targeting the round number at 2390.
๐ฏMy goal is the resistance zone around 2382.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
#GOLD
๐New forecast
The price perfectly fulfilled my last idea.๐ฏ It hit the target.
XAUUSD has made aโคต๏ธ pullback to the support level, currently testing the previous daily low and ๐ key level at 2350. I believe the market may consolidate within the 2400-2350 range, and potentially ๐ continuing the current trend as it has โก๏ธ broken out of the range zone.
The price is rolling back to retest the pattern,โฌ and I expect a retest of the recent ๐ resistance zone if the market bounces off the support level. If the market breaks and closes below the support level,๐ป it would likely be a return back into the ๐ range zone.
๐ฏMy goal is the resistance zone around 2378.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
๐New forecast
The price perfectly fulfilled my last idea.๐ฏ It hit the target.
XAUUSD has made aโคต๏ธ pullback to the support level, currently testing the previous daily low and ๐ key level at 2350. I believe the market may consolidate within the 2400-2350 range, and potentially ๐ continuing the current trend as it has โก๏ธ broken out of the range zone.
The price is rolling back to retest the pattern,โฌ and I expect a retest of the recent ๐ resistance zone if the market bounces off the support level. If the market breaks and closes below the support level,๐ป it would likely be a return back into the ๐ range zone.
๐ฏMy goal is the resistance zone around 2378.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
#GOLD
๐New forecast
The market took a nosedive for after the NFP data๐ broke through the upward channel. The surge in liquidity propelled the price above the range zone๐, resulting in a lower low. Friday's close was marked by a massive bearish candle,๐ป signaling a significant shift in market sentiment. On the weekly chart, a bearish ๐ long-tailed bar formed, hinting at a potential move down to 2200.
Given the double bottomใฝ๏ธ formation on the 1H chart, I believe the market might retest the resistance โคด๏ธ and channel border before making a move down to recent support levels.๐ From there, it's likely to break through ๐ the key previous month's low, potentially triggering a further decline. I expect the price to continue moving lower, potentially testing April lows.๐ท๏ธ
๐ฏMy goal is the support level at around 2255
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
๐New forecast
The market took a nosedive for after the NFP data๐ broke through the upward channel. The surge in liquidity propelled the price above the range zone๐, resulting in a lower low. Friday's close was marked by a massive bearish candle,๐ป signaling a significant shift in market sentiment. On the weekly chart, a bearish ๐ long-tailed bar formed, hinting at a potential move down to 2200.
Given the double bottomใฝ๏ธ formation on the 1H chart, I believe the market might retest the resistance โคด๏ธ and channel border before making a move down to recent support levels.๐ From there, it's likely to break through ๐ the key previous month's low, potentially triggering a further decline. I expect the price to continue moving lower, potentially testing April lows.๐ท๏ธ
๐ฏMy goal is the support level at around 2255
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
Lingrid Forex Signals
#GOLD ๐New forecast The market took a nosedive for after the NFP data๐ broke through the upward channel. The surge in liquidity propelled the price above the range zone๐, resulting in a lower low. Friday's close was marked by a massive bearish candle,๐ปโฆ
#GOLD
๐UPDATE
The market appears to be losing ๐ฎโ๐จ its bearish momentum, a common phenomenon following an intense impulse move that's often followed by a ๐ period of consolidation. On the 1H chart, the price has formed a double bottom pattern, followed by an upward pullback. โคด๏ธ
I believe the market is currently in the midst of a two-legged pullback,๐ which is typical after a significant volatile movement. Based on this, I expect the pullback ๐งฒ to reach the resistance zone, which has been tested numerous times before.โ๏ธ If this zone holds, it's likely that the market will then make a bearish move๐ป towards the previous month's low.
๐ฏMy goal is the support the level at 2280.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
๐UPDATE
The market appears to be losing ๐ฎโ๐จ its bearish momentum, a common phenomenon following an intense impulse move that's often followed by a ๐ period of consolidation. On the 1H chart, the price has formed a double bottom pattern, followed by an upward pullback. โคด๏ธ
I believe the market is currently in the midst of a two-legged pullback,๐ which is typical after a significant volatile movement. Based on this, I expect the pullback ๐งฒ to reach the resistance zone, which has been tested numerous times before.โ๏ธ If this zone holds, it's likely that the market will then make a bearish move๐ป towards the previous month's low.
๐ฏMy goal is the support the level at 2280.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
Lingrid Forex Signals
#GOLD ๐New forecast The market took a nosedive for after the NFP data๐ broke through the upward channel. The surge in liquidity propelled the price above the range zone๐, resulting in a lower low. Friday's close was marked by a massive bearish candle,๐ปโฆ
#GOLD
๐UPDATE
Today's economic calendar ๐ is packed with high-impact news, โ๏ธ setting the stage for a potentially volatile market. The overall sentiment is leaning bearish.๐ป On the 4H chart, the market broke and closed below the upward trendline that has supported price since ๐ท๏ธ the beginning of April. This breakdown is a significant development, and I believe it could be a trigger of a downward move. ใฝ๏ธ
Meanwhile, the ๐ฒ DXY has broken the structure resistance and is looking quite bullish, ๐ which could be a factor in the market's direction. I'm expecting to see a spike up followed by a drop,โคต๏ธ so traders should be prepared for a potentially volatile trading session and stay.
๐ฏMy goal is the support level at around 2270
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
๐UPDATE
Today's economic calendar ๐ is packed with high-impact news, โ๏ธ setting the stage for a potentially volatile market. The overall sentiment is leaning bearish.๐ป On the 4H chart, the market broke and closed below the upward trendline that has supported price since ๐ท๏ธ the beginning of April. This breakdown is a significant development, and I believe it could be a trigger of a downward move. ใฝ๏ธ
Meanwhile, the ๐ฒ DXY has broken the structure resistance and is looking quite bullish, ๐ which could be a factor in the market's direction. I'm expecting to see a spike up followed by a drop,โคต๏ธ so traders should be prepared for a potentially volatile trading session and stay.
๐ฏMy goal is the support level at around 2270
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
#GOLD
๐New forecast
The price perfectly fulfilled my last idea.๐ It bounced off the entry zone. XAUUSD is heading towards the support levels after forming a clear double top pattern.ใฝ๏ธ The price has already tested the 50% level of the previous Friday's range, indicating a potential reversal. ๐
On the daily chart,๐ we see a long-tailed candle that suggests a liquidity grab ๐ช above the key level of 2330, but the price failed to close above this resistance. Moreover, the market has broken out of the ascending channel,๐ฃ which is pullback against ๐ป bearish move. I expect it to continue moving downwards.
๐ฏMy goal is the support level of around 2290.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
๐New forecast
The price perfectly fulfilled my last idea.๐ It bounced off the entry zone. XAUUSD is heading towards the support levels after forming a clear double top pattern.ใฝ๏ธ The price has already tested the 50% level of the previous Friday's range, indicating a potential reversal. ๐
On the daily chart,๐ we see a long-tailed candle that suggests a liquidity grab ๐ช above the key level of 2330, but the price failed to close above this resistance. Moreover, the market has broken out of the ascending channel,๐ฃ which is pullback against ๐ป bearish move. I expect it to continue moving downwards.
๐ฏMy goal is the support level of around 2290.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
#GOLD
๐New forecast
The price perfectly fulfilled my last idea.๐ It reached the target zone. After the market broke through the critical level at 2330,๐ it plunged downward. XAUUSD close below this level suggests a prolonged range-bound market๐ is likely to persist. However, if the price experiences a pullback toward the โคด๏ธ top of the range zone,
I anticipate a potential selling opportunity๐ป because the price has ๐ repeatedly bounced off this level before, and the recent large bearish candle๐ป that broke through it serves as a clear indication of its importance. As a result, I expect the price to ๐ retest the lower boundary of the range.
๐ฏMy goal is the support level of around 2286.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
โ7GOLD+281pโ
๐New forecast
The price perfectly fulfilled my last idea.๐ It reached the target zone. After the market broke through the critical level at 2330,๐ it plunged downward. XAUUSD close below this level suggests a prolonged range-bound market๐ is likely to persist. However, if the price experiences a pullback toward the โคด๏ธ top of the range zone,
I anticipate a potential selling opportunity๐ป because the price has ๐ repeatedly bounced off this level before, and the recent large bearish candle๐ป that broke through it serves as a clear indication of its importance. As a result, I expect the price to ๐ retest the lower boundary of the range.
๐ฏMy goal is the support level of around 2286.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
โ7GOLD+281pโ