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
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
Lingrid Forex Signals
#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 theโฆ
#GOLD
๐UPDATE
GOLD has broken out of๐ป its upward channel and pulled back to retest it. Prior to that, the market was range-bound, before breaking through the support levels๐ and gaining a strong๐ป bearish momentum. The price has been repeatedly rejected from the resistance zone around 2330-2335, resulting in fakeouts and๐ long-tailed bars.
Given this price action, ๐ I expect the market to retest the support level from the channel border and downward trendline, as the formation of a ใฝ๏ธ double top and bearish divergence is a bearish sign. โ
๐ฏMy goal is to support level at 2310
๐UPDATE
GOLD has broken out of๐ป its upward channel and pulled back to retest it. Prior to that, the market was range-bound, before breaking through the support levels๐ and gaining a strong๐ป bearish momentum. The price has been repeatedly rejected from the resistance zone around 2330-2335, resulting in fakeouts and๐ long-tailed bars.
Given this price action, ๐ I expect the market to retest the support level from the channel border and downward trendline, as the formation of a ใฝ๏ธ double top and bearish divergence is a bearish sign. โ
๐ฏMy goal is to support level at 2310
Lingrid Forex Signals
โ๏ธReady to MAKE GOLD PROFIT๐คฉ GOLD prices initially dipped but then rebounded, with attention focused on the ๐2300 level. "Short-term pullbacks are likely to attract buyers, potentially pushing prices to 2,400 or even 2,450" The month of June came to a closeโฆ
#GOLD
๐UPDATE
Gold market appears to be ๐ฟ forming an inverse head and shoulders pattern. With the recent break and close above the trendline that previously acted as both support and resistance,๐ the market is now testing the 2330 level, which could potentially be broken. ๐
In my opinion, ๐ง the ideal scenario would be a pullback to the broken trendline level, โคต๏ธ followed by the completion of the inverse head and shoulders pattern. I also think there's a possibility that the price may move sideways๐ฐ until tomorrow, given the high-impact news event scheduled for tomorrow. ๐ I'm expecting the price to retest the resistance zone at 2350-2352 .
๐ฏMy goal is the resistance zone around 2350.
๐UPDATE
Gold market appears to be ๐ฟ forming an inverse head and shoulders pattern. With the recent break and close above the trendline that previously acted as both support and resistance,๐ the market is now testing the 2330 level, which could potentially be broken. ๐
In my opinion, ๐ง the ideal scenario would be a pullback to the broken trendline level, โคต๏ธ followed by the completion of the inverse head and shoulders pattern. I also think there's a possibility that the price may move sideways๐ฐ until tomorrow, given the high-impact news event scheduled for tomorrow. ๐ I'm expecting the price to retest the resistance zone at 2350-2352 .
๐ฏMy goal is the resistance zone around 2350.
Lingrid Forex Signals
#GOLD ๐UPDATE Gold market appears to be ๐ฟ forming an inverse head and shoulders pattern. With the recent break and close above the trendline that previously acted as both support and resistance,๐ the market is now testing the 2330 level, which could potentiallyโฆ
#GOLD
๐UPDATE
Upon examining the gold chart, it's evident that the market is anticipating ๐ฆ Fed Chair Powell's remarks. Given the current range-bound environment,๐ง we could potentially see a fake breakout either upwards or downwards,๐ which could ultimately drive the price in a significant direction.
๐ On the daily timeframe, we're seeing three consecutive small candles that ๐ suggest indecision in the market. I believe the market may still push higher to complete the large triangle formation.๐ฉ Notably, the recent bounce off the bottom of the pattern has set us up for a retest of the top.
๐ฏMy goal is the resistance zone around 2350.
๐UPDATE
Upon examining the gold chart, it's evident that the market is anticipating ๐ฆ Fed Chair Powell's remarks. Given the current range-bound environment,๐ง we could potentially see a fake breakout either upwards or downwards,๐ which could ultimately drive the price in a significant direction.
๐ On the daily timeframe, we're seeing three consecutive small candles that ๐ suggest indecision in the market. I believe the market may still push higher to complete the large triangle formation.๐ฉ Notably, the recent bounce off the bottom of the pattern has set us up for a retest of the top.
๐ฏMy goal is the resistance zone around 2350.
#GOLD
๐New forecast
The price perfectly fulfilled my last idea.๐ It hit the TP.
XAUUSD is currently testing ๐ the critical level of 2350. The market has already broken out of the range zone that was part of an inverse head and shoulders pattern.๐ฟ Given that the market has closed above the strong support at 2330, I believe it may retest theโคต๏ธ midpoint of the range zone, which aligns with the neckline of the H&S pattern.โ๏ธ
However, there is still a possibility๐ that the price could drop to a lower level, as it has already completed a test of the top of the ๐ triangle formation I mentioned yesterday. In any case, I'm looking for๐ the price to test the support level and bounce back, which would provide a buy โ confirmation.
๐ฏMy target is the resistance zone around 2379.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+450pโ
โ2GOLD+219pโ
โ3GOLD+364pโ
โ4GOLD -137pโ
โ5GOLD+470pโ
โ6GOLD-142pโ
โ7GOLD+293pโ
๐New forecast
The price perfectly fulfilled my last idea.๐ It hit the TP.
XAUUSD is currently testing ๐ the critical level of 2350. The market has already broken out of the range zone that was part of an inverse head and shoulders pattern.๐ฟ Given that the market has closed above the strong support at 2330, I believe it may retest theโคต๏ธ midpoint of the range zone, which aligns with the neckline of the H&S pattern.โ๏ธ
However, there is still a possibility๐ that the price could drop to a lower level, as it has already completed a test of the top of the ๐ triangle formation I mentioned yesterday. In any case, I'm looking for๐ the price to test the support level and bounce back, which would provide a buy โ confirmation.
๐ฏMy target is the resistance zone around 2379.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+450pโ
โ2GOLD+219pโ
โ3GOLD+364pโ
โ4GOLD -137pโ
โ5GOLD+470pโ
โ6GOLD-142pโ
โ7GOLD+293pโ
Lingrid Forex Signals
#GOLD ๐New forecast The price perfectly fulfilled my last idea.๐ It hit the TP. XAUUSD is currently testing ๐ the critical level of 2350. The market has already broken out of the range zone that was part of an inverse head and shoulders pattern.๐ฟ Givenโฆ
#GOLD
๐UPDATE
The gold market has broken โก๏ธ out of its consolidation zone and is currently ๐ moving sideways, following an impulsive leg that suggests a correction may be possible.โคต๏ธ Given the significant takeoff we've seen, I expect the market to pull back to the range zone,ใฝ๏ธ as the price has broken out of this zone below,
it's likely to retest the broken level before making a move upwards.โ๏ธ If the market does retest the support area between 2335 and 2340 ๐ and rejects it, we can ๐ look for buying confirmation and consider taking a long position.
๐ฏMy goal is the resistance zone around 2377.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+450pโ
โ2GOLD+219pโ
โ3GOLD+364pโ
โ4GOLD -137pโ
โ5GOLD+470pโ
โ6GOLD-142pโ
โ7GOLD+293pโ
๐UPDATE
The gold market has broken โก๏ธ out of its consolidation zone and is currently ๐ moving sideways, following an impulsive leg that suggests a correction may be possible.โคต๏ธ Given the significant takeoff we've seen, I expect the market to pull back to the range zone,ใฝ๏ธ as the price has broken out of this zone below,
it's likely to retest the broken level before making a move upwards.โ๏ธ If the market does retest the support area between 2335 and 2340 ๐ and rejects it, we can ๐ look for buying confirmation and consider taking a long position.
๐ฏMy goal is the resistance zone around 2377.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+450pโ
โ2GOLD+219pโ
โ3GOLD+364pโ
โ4GOLD -137pโ
โ5GOLD+470pโ
โ6GOLD-142pโ
โ7GOLD+293pโ
Lingrid Forex Signals
#GOLD ๐New forecast The price perfectly fulfilled my last idea.๐ It hit the TP. XAUUSD is currently testing ๐ the critical level of 2350. The market has already broken out of the range zone that was part of an inverse head and shoulders pattern.๐ฟ Givenโฆ
#GOLD
๐UPDATE
๐ง Notice how the market responded to the ๐ previous lower high at 2365; the lack of an impulsive from this level suggests that it may react by ๐ moving upward following the upcoming NFP.๐ Since yesterday, the price has been range-bound,๐ indicating a potential breakout above.
However, โ๏ธ it's also possible that we'll see a short-lived ๐ป spike downward. Overall, I'm expecting a ๐bullish breakout above the previous lower high and a retest of the resistance above. โ๏ธ
๐ฏMy goal is the resistance zone around 2379.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+450pโ
โ2GOLD+219pโ
โ3GOLD+364pโ
โ4GOLD -137pโ
โ5GOLD+470pโ
โ6GOLD-142pโ
โ7GOLD+293pโ
๐UPDATE
๐ง Notice how the market responded to the ๐ previous lower high at 2365; the lack of an impulsive from this level suggests that it may react by ๐ moving upward following the upcoming NFP.๐ Since yesterday, the price has been range-bound,๐ indicating a potential breakout above.
However, โ๏ธ it's also possible that we'll see a short-lived ๐ป spike downward. Overall, I'm expecting a ๐bullish breakout above the previous lower high and a retest of the resistance above. โ๏ธ
๐ฏMy goal is the resistance zone around 2379.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+450pโ
โ2GOLD+219pโ
โ3GOLD+364pโ
โ4GOLD -137pโ
โ5GOLD+470pโ
โ6GOLD-142pโ
โ7GOLD+293pโ