#GOLD
๐New forecast
The price perfectly fulfilled my previous idea.๐ It hit the target level. The market has โก๏ธ continued to rally, breaking through a strong resistance zone that has since become a support level, resulting in higher highs and higher closes. Yesterday's daily candle was ๐ extremely bullish, and any retracement within the daily range presents an opportunity to buy.๐น
As the price approaches ๐ the 2500 level, we may see a sharp decline ๐ป around this zone, which warrants caution. I expect the price to pull back โคต๏ธ to the broken level before resuming its upward trajectory ๐
๐ฏMy target is resistace level at 2495.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+450pโ
โ2GOLD+219pโ
โ3GOLD+364pโ
โ4GOLD -137pโ
โ5GOLD+470pโ
โ6GOLD-142pโ
โ7GOLD+293pโ
โ8GOLD+275pโ
โ9GOLD+350pโ
โ10GOLD+240pโ
โ11GOLD+345pโ
โ12GOLD+352pโ
โ13GOLD+360pโ
๐New forecast
The price perfectly fulfilled my previous idea.๐ It hit the target level. The market has โก๏ธ continued to rally, breaking through a strong resistance zone that has since become a support level, resulting in higher highs and higher closes. Yesterday's daily candle was ๐ extremely bullish, and any retracement within the daily range presents an opportunity to buy.๐น
As the price approaches ๐ the 2500 level, we may see a sharp decline ๐ป around this zone, which warrants caution. I expect the price to pull back โคต๏ธ to the broken level before resuming its upward trajectory ๐
๐ฏMy target is resistace level at 2495.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+450pโ
โ2GOLD+219pโ
โ3GOLD+364pโ
โ4GOLD -137pโ
โ5GOLD+470pโ
โ6GOLD-142pโ
โ7GOLD+293pโ
โ8GOLD+275pโ
โ9GOLD+350pโ
โ10GOLD+240pโ
โ11GOLD+345pโ
โ12GOLD+352pโ
โ13GOLD+360pโ
Lingrid Forex Signals
#GOLD ๐New forecast The price perfectly fulfilled my previous idea.๐ It hit the target level. The market has โก๏ธ continued to rally, breaking through a strong resistance zone that has since become a support level, resulting in higher highs and higher closes.โฆ
#GOLD
๐UPDATE
The market's upward momentum ๐ appears to be losing steam, ๐ฎโ๐จ as the recent upward move has been relatively weak. As you can see, the XAUUSD has bounced off the upward trendline ใฝ๏ธ after forming an equal high, indicating a potential pause or even reversal. I think it's possible that the market will create a complex pullback๐ towards the lower border of the channel.
๐ง If the bulls take liquidity below the 2450 key level,๐ช they may then push up towards the strong resistance at 2500. Another possible scenario is that the market forms a triangle pattern.๐ Overall I expect a fake breakout of the ๐ previous day's low, followed by a steady upward move if the upcoming news release ๐ does not change the market direction in the short-term.
๐ฏMy target is resistance at 2492
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+450pโ
โ2GOLD+219pโ
โ3GOLD+364pโ
โ4GOLD -137pโ
โ5GOLD+470pโ
โ6GOLD-142pโ
โ7GOLD+293pโ
โ8GOLD+275pโ
โ9GOLD+350pโ
โ10GOLD+240pโ
โ11GOLD+345pโ
โ12GOLD+352pโ
โ13GOLD+360pโ
๐UPDATE
The market's upward momentum ๐ appears to be losing steam, ๐ฎโ๐จ as the recent upward move has been relatively weak. As you can see, the XAUUSD has bounced off the upward trendline ใฝ๏ธ after forming an equal high, indicating a potential pause or even reversal. I think it's possible that the market will create a complex pullback๐ towards the lower border of the channel.
๐ง If the bulls take liquidity below the 2450 key level,๐ช they may then push up towards the strong resistance at 2500. Another possible scenario is that the market forms a triangle pattern.๐ Overall I expect a fake breakout of the ๐ previous day's low, followed by a steady upward move if the upcoming news release ๐ does not change the market direction in the short-term.
๐ฏMy target is resistance at 2492
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+450pโ
โ2GOLD+219pโ
โ3GOLD+364pโ
โ4GOLD -137pโ
โ5GOLD+470pโ
โ6GOLD-142pโ
โ7GOLD+293pโ
โ8GOLD+275pโ
โ9GOLD+350pโ
โ10GOLD+240pโ
โ11GOLD+345pโ
โ12GOLD+352pโ
โ13GOLD+360pโ
#GOLD
๐New forecast
Yesterday's news release ๐ป triggered a decline in the price during the ๐บ๐ธ New York session, suggesting it may take some time for the price to reach the 2500 level. The market has already pulled back by one-third ๐ of its initial bullish rally, and I believe it may be entering a consolidation phase,๐ potentially forming a trend continuation pattern such as a triangle. ๐ฉ
The support zone between 2400-2410 ๐ could present an opportunity for traders who missed the initial bullish rally to go long ๐น if the price action presents โ๏ธ bullish signal. I expect a retest of the resistance zone at 2450 from this support level as the price is losing ๐ป bearish momentum. However, if the market continues to decline, the next significant support level would be at 2380.
๐ฏMy target is resistance zone at 2449.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
๐New forecast
Yesterday's news release ๐ป triggered a decline in the price during the ๐บ๐ธ New York session, suggesting it may take some time for the price to reach the 2500 level. The market has already pulled back by one-third ๐ of its initial bullish rally, and I believe it may be entering a consolidation phase,๐ potentially forming a trend continuation pattern such as a triangle. ๐ฉ
The support zone between 2400-2410 ๐ could present an opportunity for traders who missed the initial bullish rally to go long ๐น if the price action presents โ๏ธ bullish signal. I expect a retest of the resistance zone at 2450 from this support level as the price is losing ๐ป bearish momentum. However, if the market continues to decline, the next significant support level would be at 2380.
๐ฏMy target is resistance zone at 2449.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
#GOLD
๐New forecast
The gold market opened with a gap โก๏ธ and is currently trading sideways, which may continue for a few days. On the 1H timeframe, the price action is๐ range-bound, indicating indecision in the market. A good opportunity to buy would be a false breakout of the previous๐ท๏ธ week's low with bullish divergence.๐
๐ง My expectation is that the price may initially move below the 2400 support level,๐ allowing for a better entry point. However, if the price makes an impulsive move ๐ upwards, it would suggest that the bulls have taken control, and we could look for a โคต๏ธ pullback to enter the market in anticipaton of the retest of the 2450 resistance.
๐ฏMy target is resistance zone at 2430
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
๐New forecast
The gold market opened with a gap โก๏ธ and is currently trading sideways, which may continue for a few days. On the 1H timeframe, the price action is๐ range-bound, indicating indecision in the market. A good opportunity to buy would be a false breakout of the previous๐ท๏ธ week's low with bullish divergence.๐
๐ง My expectation is that the price may initially move below the 2400 support level,๐ allowing for a better entry point. However, if the price makes an impulsive move ๐ upwards, it would suggest that the bulls have taken control, and we could look for a โคต๏ธ pullback to enter the market in anticipaton of the retest of the 2450 resistance.
๐ฏMy target is resistance zone at 2430
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
Lingrid Forex Signals
#GOLD ๐New forecast The gold market opened with a gap โก๏ธ and is currently trading sideways, which may continue for a few days. On the 1H timeframe, the price action is๐ range-bound, indicating indecision in the market. A good opportunity to buy would beโฆ
#GOLD
๐UPDATE
As I mentioned yesterday, GOLD took a liquidity below ๐ช the weekly low. On the daily chart, the price formed a doji-type setup,๐ which is often a sign of indecision. The market rejected the support level, and we can see a divergence forming at that level. ๐
With no high-impact news๐ฐ events scheduled for today, there's a possibility that the price may consolidate and move sideways.๐ However, if the market breaks above ๐ yesterday's high, it could potentially push up towards the swap zone above. ๐ I'm expecting the price to break through the range zone and continue its ๐ upward momentum.
๐ฏMy goal is resistance zone at 2430.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
๐UPDATE
As I mentioned yesterday, GOLD took a liquidity below ๐ช the weekly low. On the daily chart, the price formed a doji-type setup,๐ which is often a sign of indecision. The market rejected the support level, and we can see a divergence forming at that level. ๐
With no high-impact news๐ฐ events scheduled for today, there's a possibility that the price may consolidate and move sideways.๐ However, if the market breaks above ๐ yesterday's high, it could potentially push up towards the swap zone above. ๐ I'm expecting the price to break through the range zone and continue its ๐ upward momentum.
๐ฏMy goal is resistance zone at 2430.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
Lingrid Forex Signals
#GOLD ๐New forecast The gold market opened with a gap โก๏ธ and is currently trading sideways, which may continue for a few days. On the 1H timeframe, the price action is๐ range-bound, indicating indecision in the market. A good opportunity to buy would beโฆ
#GOLD
๐UPDATE
Yesterday, gold made a slight ๐ bullish move, but I think the market may be stuck in a sideways trend.๐ The price has already ๐ช took liquidity below the 2400 psychological level, leaving room for it to move higher if we get a catalyst. ๐ฃ
The price action suggests that the market is anticipating the ๐ฐ upcoming US economic data release, which could potentially push the market either higher or lower.๐ If the news comes out favorably for bulls,๐ I believe the market could break out of its range and move higher. ๐ Overall, I'm looking for the price to test support levels and bounce back.
๐ฏMy target is the resistance zone around 2445
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
๐UPDATE
Yesterday, gold made a slight ๐ bullish move, but I think the market may be stuck in a sideways trend.๐ The price has already ๐ช took liquidity below the 2400 psychological level, leaving room for it to move higher if we get a catalyst. ๐ฃ
The price action suggests that the market is anticipating the ๐ฐ upcoming US economic data release, which could potentially push the market either higher or lower.๐ If the news comes out favorably for bulls,๐ I believe the market could break out of its range and move higher. ๐ Overall, I'm looking for the price to test support levels and bounce back.
๐ฏMy target is the resistance zone around 2445
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
#GOLD
๐New forecast
The price perfectly fulfilled my last idea. ๐ It hit first target at 2430. XAUUSD has broken below the critical 2400 level ๐ following the release of unfavorable ๐ฐ news for gold. Given the current momentum, I think it's likely that the market will retest this lower levels. โฌ
I anticipate that the price may ๐ป even drop below 2350 to absorb any remaining ๐ช liquidity. If the upcoming Core PCE data fails ๐ to propel the price higher, ๐ I expect the market to fluctuate ๐ upward and downward before potentially resuming its previous trend.
๐ฏMy goal is the support around 2350.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
๐New forecast
The price perfectly fulfilled my last idea. ๐ It hit first target at 2430. XAUUSD has broken below the critical 2400 level ๐ following the release of unfavorable ๐ฐ news for gold. Given the current momentum, I think it's likely that the market will retest this lower levels. โฌ
I anticipate that the price may ๐ป even drop below 2350 to absorb any remaining ๐ช liquidity. If the upcoming Core PCE data fails ๐ to propel the price higher, ๐ I expect the market to fluctuate ๐ upward and downward before potentially resuming its previous trend.
๐ฏMy goal is the support around 2350.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
#GOLD
๐New forecast
Yesterday, the market reacted to news ๐ฐ reports by rebounding from โคต๏ธ the resistance level and subsequently reached the target zone at 2353. It also bounced off the support level, forming long-tailed bars,๐ which indicates level rejection. I anticipate that XAUUSD may move toward the key ๐ round number at 2400.
Given the upcoming news today,๐ there is potential for a price surge.โก๏ธ Overall, while I expect the price to continue moving sideways, if the market rejects the support level after news comes out,โซ there is a possibility that it could push towards the week's open price level. ๐
๐ฏMy goal is resistance at 2400 from the support level.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
๐New forecast
Yesterday, the market reacted to news ๐ฐ reports by rebounding from โคต๏ธ the resistance level and subsequently reached the target zone at 2353. It also bounced off the support level, forming long-tailed bars,๐ which indicates level rejection. I anticipate that XAUUSD may move toward the key ๐ round number at 2400.
Given the upcoming news today,๐ there is potential for a price surge.โก๏ธ Overall, while I expect the price to continue moving sideways, if the market rejects the support level after news comes out,โซ there is a possibility that it could push towards the week's open price level. ๐
๐ฏMy goal is resistance at 2400 from the support level.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
#GOLD
๐New forecast
The price perfectly fulfilled my last idea.๐ XAU has โคด๏ธ bounced off the support around 2360, indicating some strength at that level. After a brief rally thin morning, the market is currently pulling back.โคต๏ธ The recent break above the last 2 days' highs suggests the market has some ๐ bullish momentum, but if it fails to close above these levels, it could indicate ๐ a deeper pullback.
With no significant high-impact news,๐ฐ the price may continue to range. I think it could remain in a sideways move, potentially forming a trend continuation setup.๐ I expect a pullback to the support zone around 2370-2380, where buying interest could emerge again.๐ If the support holds, the price could then surge upward towards the previous week's high.๐
๐ฏMy goal is the resistance around 2430
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
โ12GOLD+267pโ
๐New forecast
The price perfectly fulfilled my last idea.๐ XAU has โคด๏ธ bounced off the support around 2360, indicating some strength at that level. After a brief rally thin morning, the market is currently pulling back.โคต๏ธ The recent break above the last 2 days' highs suggests the market has some ๐ bullish momentum, but if it fails to close above these levels, it could indicate ๐ a deeper pullback.
With no significant high-impact news,๐ฐ the price may continue to range. I think it could remain in a sideways move, potentially forming a trend continuation setup.๐ I expect a pullback to the support zone around 2370-2380, where buying interest could emerge again.๐ If the support holds, the price could then surge upward towards the previous week's high.๐
๐ฏMy goal is the resistance around 2430
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
โ12GOLD+267pโ
Lingrid Forex Signals
#GOLD ๐New forecast The price perfectly fulfilled my last idea.๐ XAU has โคด๏ธ bounced off the support around 2360, indicating some strength at that level. After a brief rally thin morning, the market is currently pulling back.โคต๏ธ The recent break above theโฆ
#GOLD
๐UPDATE
GOLD has bounced off โคด๏ธ the support area I mentioned yesterday. It is currently trading within the previous daily range ๐ and is testing the channel border. The formation of a daily doji candle suggests a sideways move. โ๏ธ If the it breaks out of the downward channel, it could signal a continuation of a bullish trend. ๐ However, there remains a possibility that the price may drop to a lower level around 2350.๐ป
The market seems to be forming ๐ฟ a reverse head and shoulders pattern, indicating a potential reversal. I expect the price to create a small range ๐ zone just below the channel border before breakout. ๐ I expect the price to test the support level, and if it bounces back, we can consider it as a buy confirmation. โ
๐ฏMy target on the 1H is the resistance zone at 2418.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
โ12GOLD+267pโ
๐UPDATE
GOLD has bounced off โคด๏ธ the support area I mentioned yesterday. It is currently trading within the previous daily range ๐ and is testing the channel border. The formation of a daily doji candle suggests a sideways move. โ๏ธ If the it breaks out of the downward channel, it could signal a continuation of a bullish trend. ๐ However, there remains a possibility that the price may drop to a lower level around 2350.๐ป
The market seems to be forming ๐ฟ a reverse head and shoulders pattern, indicating a potential reversal. I expect the price to create a small range ๐ zone just below the channel border before breakout. ๐ I expect the price to test the support level, and if it bounces back, we can consider it as a buy confirmation. โ
๐ฏMy target on the 1H is the resistance zone at 2418.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
โ12GOLD+267pโ
#GOLD
๐New forecast
The price perfectly fulfilled my last idea.๐ It hit the target level. GOLD is currently testing the previous week's high, ๐where we witnessed a sharp move downward previously. Given the high-impact news โ๏ธ scheduled for today, there is a possibility that the market may pull back after testing the PWH.โคต๏ธ
I think that the market could retest the psychological level at 2400 before potentially moving higher. The price action created a small box,๐ indicates that the market is anticipating the upcoming news. Therefore it's essential to exercise caution.๐ง Overall, I expect a potential pullback followed ๐ by a continuation of the current bullish trend, ๐ depending on how the market reacts to the news today.
๐ฏMy goal is resistance zone at 2443
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
โ12GOLD+267pโ
โ13GOLD+255pโ
๐New forecast
The price perfectly fulfilled my last idea.๐ It hit the target level. GOLD is currently testing the previous week's high, ๐where we witnessed a sharp move downward previously. Given the high-impact news โ๏ธ scheduled for today, there is a possibility that the market may pull back after testing the PWH.โคต๏ธ
I think that the market could retest the psychological level at 2400 before potentially moving higher. The price action created a small box,๐ indicates that the market is anticipating the upcoming news. Therefore it's essential to exercise caution.๐ง Overall, I expect a potential pullback followed ๐ by a continuation of the current bullish trend, ๐ depending on how the market reacts to the news today.
๐ฏMy goal is resistance zone at 2443
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
โ12GOLD+267pโ
โ13GOLD+255pโ
#GOLD
๐New forecast
The price perfectly fulfilled my last idea.๐The July candle closed very bullish, closing above June's high๐ท๏ธ but failing to close above high of May. Nonetheless, this bullish close ๐ suggests that GOLD may target the 2500 level. Currently, it appears to be pulling backโคต๏ธ following a strong bullish rally.๐ The support zone between 2400-2415 looks like a potential area to go long, if the price shows signal.๐น
๐งI anticipate a retest of the resistance from this support, as we are observing a basic breakout-pullback-continuation ๐ scenario. But, there remains the possibility that following the news release,๐ the price might dip lower.๐ป I'm optimistic if provided the support holds and confirms with entry signals.
๐ฏMy target is resistance zone at 2460.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
โ12GOLD+267pโ
โ13GOLD+670pโ
โ14GOLD+255pโ
๐New forecast
The price perfectly fulfilled my last idea.๐The July candle closed very bullish, closing above June's high๐ท๏ธ but failing to close above high of May. Nonetheless, this bullish close ๐ suggests that GOLD may target the 2500 level. Currently, it appears to be pulling backโคต๏ธ following a strong bullish rally.๐ The support zone between 2400-2415 looks like a potential area to go long, if the price shows signal.๐น
๐งI anticipate a retest of the resistance from this support, as we are observing a basic breakout-pullback-continuation ๐ scenario. But, there remains the possibility that following the news release,๐ the price might dip lower.๐ป I'm optimistic if provided the support holds and confirms with entry signals.
๐ฏMy target is resistance zone at 2460.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
โ12GOLD+267pโ
โ13GOLD+670pโ
โ14GOLD+255pโ
#GOLD
๐New forecast
The market moved higher ๐ following the news release. Yesterday's daily candlestick was a doji, and I believe the market is poised to โก๏ธ break through it to retest the previous resistance at the all-time high level. ๐Since the market hasn't yet tested the psychological level at 2500, there's a possibility it might do so today.
The price action shows ๐ bullish momentum, and it recently broke and closed above the 2450 level. I anticipate that the market may create a range ๐ around the resistance zone at 2480 or even form some pullback ใฝ๏ธ from it. However, if the ๐ upcoming news favors gold, the market may surpass the previous month's high and move higher level.
๐ฏMy target is the resistance zone at 2495.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
โ12GOLD+267pโ
โ13GOLD+670pโ
โ14GOLD+255pโ
๐New forecast
The market moved higher ๐ following the news release. Yesterday's daily candlestick was a doji, and I believe the market is poised to โก๏ธ break through it to retest the previous resistance at the all-time high level. ๐Since the market hasn't yet tested the psychological level at 2500, there's a possibility it might do so today.
The price action shows ๐ bullish momentum, and it recently broke and closed above the 2450 level. I anticipate that the market may create a range ๐ around the resistance zone at 2480 or even form some pullback ใฝ๏ธ from it. However, if the ๐ upcoming news favors gold, the market may surpass the previous month's high and move higher level.
๐ฏMy target is the resistance zone at 2495.
โโโโโโโโโ
My past forecasts on GOLD ๐ฉโ๐ป
โ1GOLD+470pโ
โ2GOLD -142pโ
โ3GOLD+293pโ
โ4GOLD+275pโ
โ5GOLD+350pโ
โ6GOLD+240pโ
โ7GOLD+345pโ
โ8GOLD+352pโ
โ9GOLD+360pโ
โ10GOLD-113pโ
โ11GOLD+270pโ
โ12GOLD+267pโ
โ13GOLD+670pโ
โ14GOLD+255pโ