Lingrid Forex Signals
โ๏ธGOLD ANALYSIS are you ๐ชready to new week GOLD market remains in a consolidating phase, characterized by lower highs and higher lows๐ in the shape of triangle. The price has bounced off the 2300 support level๐ , which also has psychological significance.โฆ
#GOLD
๐UPDATE
The gold market is currently ๐ consolidating after an impulsive move from the resistance zone, suggesting that the momentum ๐ฎโ๐จ may be exhausted. The lack of a strong rally from the 2300 psychological level ๐ indicates that bulls are ๐ not yet willing to enter at these levels. On the daily chart,
XAUUSD has formed an inside bar pattern,๐ which is a potential triangle pattern in lower timeframes.
I think the market may create ๐ an upward movement to complete a two-legged pullback. Given the current market conditions and ๐ lack of significant news events, I expect the market to continue trading sideways ๐ for the time being.
๐ฏMy goal is the support level at 2300
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
โ7GOLD+281pโ
๐UPDATE
The gold market is currently ๐ consolidating after an impulsive move from the resistance zone, suggesting that the momentum ๐ฎโ๐จ may be exhausted. The lack of a strong rally from the 2300 psychological level ๐ indicates that bulls are ๐ not yet willing to enter at these levels. On the daily chart,
XAUUSD has formed an inside bar pattern,๐ which is a potential triangle pattern in lower timeframes.
I think the market may create ๐ an upward movement to complete a two-legged pullback. Given the current market conditions and ๐ lack of significant news events, I expect the market to continue trading sideways ๐ for the time being.
๐ฏMy goal is the support level at 2300
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
โ7GOLD+281pโ
#GOLD
๐UPDATE
The gold market has been forming a triangle pattern,๐ฉ and it has so far respected the downward trendline above. However, it has now broken and closed below the bottom of the pattern,๐ป which is might be a ๐ป bearish signal. On the daily chart, the price action remains choppy, with no clear direction evident.
I think we will see clear ๐๐ direction if the market breaks through the resistance at 2340 and the support level at 2290. If the ๐ฐ upcoming news doesn't provide a catalyst to push the price higher, the market may continue its downward momentum.โก๏ธ In this scenario, I expect the price to move to lower levels.
๐ฏMy goal is the support zone 2285 - 2290.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
โ7GOLD+281pโ
๐UPDATE
The gold market has been forming a triangle pattern,๐ฉ and it has so far respected the downward trendline above. However, it has now broken and closed below the bottom of the pattern,๐ป which is might be a ๐ป bearish signal. On the daily chart, the price action remains choppy, with no clear direction evident.
I think we will see clear ๐๐ direction if the market breaks through the resistance at 2340 and the support level at 2290. If the ๐ฐ upcoming news doesn't provide a catalyst to push the price higher, the market may continue its downward momentum.โก๏ธ In this scenario, I expect the price to move to lower levels.
๐ฏMy goal is the support zone 2285 - 2290.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+410pโ
โ2GOLD+292pโ
โ3GOLD+231pโ
โ4GOLD - 75pโ
โ5GOLD+271pโ
โ6GOLD - 93pโ
โ7GOLD+281pโ
#GOLD
๐New forecast
XAUUSD reacted unfavorably to the resistance zone, ๐ failing to generate a strong bearish move and instead reinforcing the sideways trend.๐ However, upon examining the 4H chart, we see a series of strong bullish candles๐ and gradual pullbacks that have formed higher lows.
โ With no high-impact news on the horizon for today, I anticipate a continued consolidation phase.๐ Nevertheless, I expect the market to move down towards the upward trendline,๐ potentially triggering a subsequent bullish move tomorrow if the price action โ confirms a buy signal.
๐ฏMy goal is resistance zone at 2350.
๐New forecast
XAUUSD reacted unfavorably to the resistance zone, ๐ failing to generate a strong bearish move and instead reinforcing the sideways trend.๐ However, upon examining the 4H chart, we see a series of strong bullish candles๐ and gradual pullbacks that have formed higher lows.
โ With no high-impact news on the horizon for today, I anticipate a continued consolidation phase.๐ Nevertheless, I expect the market to move down towards the upward trendline,๐ potentially triggering a subsequent bullish move tomorrow if the price action โ confirms a buy signal.
๐ฏMy goal is resistance zone at 2350.
#GOLD
๐New forecast
The price missed the target by couple of points๐ฎโ๐จ from the last forecast. Currently, XAUUSD is pulling back from the resistance zone after testing the ๐ channel border. The market is correcting against the current bearish trend,๐ป but the price action remains within the ๐ consolidation zone.
With high-impact news today,๐ป I believe it could potentially play out in favor of gold. If the market rejects the โคต๏ธ resistance zone around 2350-2355, I expect a rebound to occur, ใฝ๏ธ potentially retesting the bottom of the range zone.
๐ฏMy goal is the support level of around 2305
๐New forecast
The price missed the target by couple of points๐ฎโ๐จ from the last forecast. Currently, XAUUSD is pulling back from the resistance zone after testing the ๐ channel border. The market is correcting against the current bearish trend,๐ป but the price action remains within the ๐ consolidation zone.
With high-impact news today,๐ป I believe it could potentially play out in favor of gold. If the market rejects the โคต๏ธ resistance zone around 2350-2355, I expect a rebound to occur, ใฝ๏ธ potentially retesting the bottom of the range zone.
๐ฏMy goal is the support level of around 2305
#GOLD
๐New forecast
XAUUSD market has broken โก๏ธ out above the trendline and ๐ key level at 2330. A double top pattern,ใฝ๏ธ accompanied by divergence, suggests that a correction may be imminent. Following the significant ๐ป sell-off from the 2390 level, I expect the market to consolidate within ๐ the range of 2380-2350.
๐ As the price has broken out of this range zone below, โคต๏ธ it's likely to retest the broken level before making a move upwards.๐ However, if the market retests the support area between 2330 and 2340 and rejects it,๐ we can look for buying confirmation, because the price is currently near the resistance zone.
๐ฏMy goal is the resistance zone around 2377.
๐New forecast
XAUUSD market has broken โก๏ธ out above the trendline and ๐ key level at 2330. A double top pattern,ใฝ๏ธ accompanied by divergence, suggests that a correction may be imminent. Following the significant ๐ป sell-off from the 2390 level, I expect the market to consolidate within ๐ the range of 2380-2350.
๐ As the price has broken out of this range zone below, โคต๏ธ it's likely to retest the broken level before making a move upwards.๐ However, if the market retests the support area between 2330 and 2340 and rejects it,๐ we can look for buying confirmation, because the price is currently near the resistance zone.
๐ฏMy goal is the resistance zone around 2377.
โ๏ธAnalytics for #GOLD
GOLD forming a triangle pattern, indicating a range-bound market.
On 1D TF, the price remains within the range established on June 7, suggesting that a continuation of this ๐sideways movement is possible.
Following a last sell-off, I believe the market may remain range-bound, squeezed within the triangle shape, before surging upwards due to the underlying bullish trend. The price has returned to the ๐ชconsolidating zone, which could indicate that the market will continue trading within this range next week.
๐Note that this time, the bearish move was less intense compared to previous ones, but the recent bullish move was stronger.
However, if the price breaks and closes below the triangle pattern, we can expect lower prices to follow. Conversely, if the market moves above the pattern, we can anticipate further upward momentum.
Overall, I expect a sideways move until a clear trend emerges.
GOLD forming a triangle pattern, indicating a range-bound market.
On 1D TF, the price remains within the range established on June 7, suggesting that a continuation of this ๐sideways movement is possible.
Following a last sell-off, I believe the market may remain range-bound, squeezed within the triangle shape, before surging upwards due to the underlying bullish trend. The price has returned to the ๐ชconsolidating zone, which could indicate that the market will continue trading within this range next week.
๐Note that this time, the bearish move was less intense compared to previous ones, but the recent bullish move was stronger.
However, if the price breaks and closes below the triangle pattern, we can expect lower prices to follow. Conversely, if the market moves above the pattern, we can anticipate further upward momentum.
Overall, I expect a sideways move until a clear trend emerges.
Lingrid Forex Signals
โ๏ธAnalytics for #GOLD GOLD forming a triangle pattern, indicating a range-bound market. On 1D TF, the price remains within the range established on June 7, suggesting that a continuation of this ๐sideways movement is possible. Following a last sell-offโฆ
#GOLD
๐UPDATE
The recent sell-off ๐ป in XAUUSD has brought the price back to the range zone. At this point, it's likely that the market will enter a sideways phase ๐ until significant new news emerges. I expect the market to consolidate today. I think, the market will๐ retest the resistance zone at 2350, which is also the upper border of the triangle pattern๐ I mentioned earlier.
๐ If we see rejection at the ๐ psychological level below 2300, there is a high likelihood of a bullish move.๐ However, if the market continues to decline, the next significant support level will be at 2280.
๐ฏMy target is resistance zone at 2347.
๐UPDATE
The recent sell-off ๐ป in XAUUSD has brought the price back to the range zone. At this point, it's likely that the market will enter a sideways phase ๐ until significant new news emerges. I expect the market to consolidate today. I think, the market will๐ retest the resistance zone at 2350, which is also the upper border of the triangle pattern๐ I mentioned earlier.
๐ If we see rejection at the ๐ psychological level below 2300, there is a high likelihood of a bullish move.๐ However, if the market continues to decline, the next significant support level will be at 2280.
๐ฏMy target is resistance zone at 2347.
Lingrid Forex Signals
#GOLD ๐UPDATE The recent sell-off ๐ป in XAUUSD has brought the price back to the range zone. At this point, it's likely that the market will enter a sideways phase ๐ until significant new news emerges. I expect the market to consolidate today. I think,โฆ
#GOLD
๐UPDATE
The gold market remains within the consolidation zone,๐ and it appears that the market is awaiting the upcoming news release,๐ which is likely to trigger a wave of orders that will increase volatility. Currently, the market is testing the top of the consolidation zone, โ๏ธand an ideal scenario would be a fake breakout of the small range zone, followed by a channel breakout to the upside. โก๏ธ
This would set the stage for ๐ a potential upward move from the bottom of the range. I expect the price to break out of its current ๐ consolidation zone and begin an upward trajectory if confirmation is received.โ
๐ฏMy target is the resistance zone at 2350.
๐UPDATE
The gold market remains within the consolidation zone,๐ and it appears that the market is awaiting the upcoming news release,๐ which is likely to trigger a wave of orders that will increase volatility. Currently, the market is testing the top of the consolidation zone, โ๏ธand an ideal scenario would be a fake breakout of the small range zone, followed by a channel breakout to the upside. โก๏ธ
This would set the stage for ๐ a potential upward move from the bottom of the range. I expect the price to break out of its current ๐ consolidation zone and begin an upward trajectory if confirmation is received.โ
๐ฏMy target is the resistance zone at 2350.
Lingrid Forex Signals
#GOLD ๐UPDATE The recent sell-off ๐ป in XAUUSD has brought the price back to the range zone. At this point, it's likely that the market will enter a sideways phase ๐ until significant new news emerges. I expect the market to consolidate today. I think,โฆ
#GOLD
๐UPDATE
After losing momentum๐ป following the bearish impulse move, the gold market has formed a ๐ bullish divergence as it approaches the support level. I think the market may be poised to ๐ move upward to the top of the consolidation zone. On the 4H chart, a long-tailed bar๐ has formed, indicating buying pressure.
๐ If we take a look at the daily timeframe, ๐ we'll see that the price has taken out liquidity ๐ช below the last three days' lows. This could be a bullish sign that may propel the market upward. โก๏ธ I expect the market to slowly move upward, retesting the resistance between 2340 and 2350.
๐ฏMy target is resistance at 2345.
๐UPDATE
After losing momentum๐ป following the bearish impulse move, the gold market has formed a ๐ bullish divergence as it approaches the support level. I think the market may be poised to ๐ move upward to the top of the consolidation zone. On the 4H chart, a long-tailed bar๐ has formed, indicating buying pressure.
๐ If we take a look at the daily timeframe, ๐ we'll see that the price has taken out liquidity ๐ช below the last three days' lows. This could be a bullish sign that may propel the market upward. โก๏ธ I expect the market to slowly move upward, retesting the resistance between 2340 and 2350.
๐ฏMy target is resistance at 2345.
#GOLD
๐New forecast
The price perfectly fulfilled my last idea.๐ XAUUSD has rebounded off its๐ key support level and is now making its way towards the resistance zone. Considering the significance of today's news events,๐ I think it's likely that the market will retest this resistance before potentially pulling back down.โคต๏ธ
It's possible that the price may enter ๐ a consolidation phase between 2300-2330 again before a clear trend emerges.๐ I expect the market to move sideways ๐ for a bit, as we've seen every time the price bounces off this key support level - it tends toโ๏ธ consolidate for a while. However, if the resistance fails to hold, we could see the price surge โก๏ธ higher towards the next resistance level at 2340.
๐ฏMy goal is the support around 2301
๐New forecast
The price perfectly fulfilled my last idea.๐ XAUUSD has rebounded off its๐ key support level and is now making its way towards the resistance zone. Considering the significance of today's news events,๐ I think it's likely that the market will retest this resistance before potentially pulling back down.โคต๏ธ
It's possible that the price may enter ๐ a consolidation phase between 2300-2330 again before a clear trend emerges.๐ I expect the market to move sideways ๐ for a bit, as we've seen every time the price bounces off this key support level - it tends toโ๏ธ consolidate for a while. However, if the resistance fails to hold, we could see the price surge โก๏ธ higher towards the next resistance level at 2340.
๐ฏMy goal is the support around 2301