#GOLD
πNew forecast
The price perfectly fulfilled my last idea.π XAUUSD has rebounded off itsπ key support level and is now making its way towards the resistance zone. Considering the significance of today's news events,π I think it's likely that the market will retest this resistance before potentially pulling back down.‡οΈ
It's possible that the price may enter π a consolidation phase between 2300-2330 again before a clear trend emerges.π I expect the market to move sideways π for a bit, as we've seen every time the price bounces off this key support level - it tends toβοΈ consolidate for a while. However, if the resistance fails to hold, we could see the price surge β‘οΈ higher towards the next resistance level at 2340.
π―My goal is the support around 2301
πNew forecast
The price perfectly fulfilled my last idea.π XAUUSD has rebounded off itsπ key support level and is now making its way towards the resistance zone. Considering the significance of today's news events,π I think it's likely that the market will retest this resistance before potentially pulling back down.‡οΈ
It's possible that the price may enter π a consolidation phase between 2300-2330 again before a clear trend emerges.π I expect the market to move sideways π for a bit, as we've seen every time the price bounces off this key support level - it tends toβοΈ consolidate for a while. However, if the resistance fails to hold, we could see the price surge β‘οΈ higher towards the next resistance level at 2340.
π―My goal is the support around 2301
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Lingrid | GOLD short-term RETRACEMENT for OANDA:XAUUSD by Lingrid
The price perfectly fulfilled my last idea. OANDA:XAUUSD has rebounded off its key support level and is now making its way towards the resistance zone. Considering the significance of today's news events, I think it's likely that the market will retest thisβ¦
Lingrid Forex Signals
#GOLD πNew forecast The price perfectly fulfilled my last idea.π XAUUSD has rebounded off itsπ key support level and is now making its way towards the resistance zone. Considering the significance of today's news events,π I think it's likely that theβ¦
#GOLD
πUPDATE
GOLD has broken out ofπ» its upward channel and pulled back to retest it. Prior to that, the market was range-bound, before breaking through the support levelsπ and gaining a strongπ» bearish momentum. The price has been repeatedly rejected from the resistance zone around 2330-2335, resulting in fakeouts andπ long-tailed bars.
Given this price action, π I expect the market to retest the support level from the channel border and downward trendline, as the formation of a γ½οΈ double top and bearish divergence is a bearish sign. β
π―My goal is to support level at 2310
πUPDATE
GOLD has broken out ofπ» its upward channel and pulled back to retest it. Prior to that, the market was range-bound, before breaking through the support levelsπ and gaining a strongπ» bearish momentum. The price has been repeatedly rejected from the resistance zone around 2330-2335, resulting in fakeouts andπ long-tailed bars.
Given this price action, π I expect the market to retest the support level from the channel border and downward trendline, as the formation of a γ½οΈ double top and bearish divergence is a bearish sign. β
π―My goal is to support level at 2310
TradingView
Lingrid | GOLD short-term RETRACEMENT for OANDA:XAUUSD by Lingrid
The price perfectly fulfilled my last idea. OANDA:XAUUSD has rebounded off its key support level and is now making its way towards the resistance zone. Considering the significance of today's news events, I think it's likely that the market will retest thisβ¦
#GOLD
πUPDATE
Gold market appears to be πΏ forming an inverse head and shoulders pattern. With the recent break and close above the trendline that previously acted as both support and resistance,π the market is now testing the 2330 level, which could potentially be broken. π
In my opinion, π§ the ideal scenario would be a pullback to the broken trendline level, β€΅οΈ followed by the completion of the inverse head and shoulders pattern. I also think there's a possibility that the price may move sidewaysπ° until tomorrow, given the high-impact news event scheduled for tomorrow. π I'm expecting the price to retest the resistance zone at 2350-2352 .
π―My goal is the resistance zone around 2350.
πUPDATE
Gold market appears to be πΏ forming an inverse head and shoulders pattern. With the recent break and close above the trendline that previously acted as both support and resistance,π the market is now testing the 2330 level, which could potentially be broken. π
In my opinion, π§ the ideal scenario would be a pullback to the broken trendline level, β€΅οΈ followed by the completion of the inverse head and shoulders pattern. I also think there's a possibility that the price may move sidewaysπ° until tomorrow, given the high-impact news event scheduled for tomorrow. π I'm expecting the price to retest the resistance zone at 2350-2352 .
π―My goal is the resistance zone around 2350.
TradingView
Lingrid | GOLD Weekly Price Action. What Can We Expect in July? for OANDA:XAUUSD by Lingrid
OANDA:XAUUSD prices initially dipped but then rebounded, with attention focused on the 2,300 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 close with a doji candleβ¦
Lingrid Forex Signals
#GOLD πUPDATE Gold market appears to be πΏ forming an inverse head and shoulders pattern. With the recent break and close above the trendline that previously acted as both support and resistance,π the market is now testing the 2330 level, which could potentiallyβ¦
#GOLD
πUPDATE
Upon examining the gold chart, it's evident that the market is anticipating π¦ Fed Chair Powell's remarks. Given the current range-bound environment,π§ we could potentially see a fake breakout either upwards or downwards,π which could ultimately drive the price in a significant direction.
π On the daily timeframe, we're seeing three consecutive small candles that π suggest indecision in the market. I believe the market may still push higher to complete the large triangle formation.π© Notably, the recent bounce off the bottom of the pattern has set us up for a retest of the top.
π―My goal is the resistance zone around 2350.
πUPDATE
Upon examining the gold chart, it's evident that the market is anticipating π¦ Fed Chair Powell's remarks. Given the current range-bound environment,π§ we could potentially see a fake breakout either upwards or downwards,π which could ultimately drive the price in a significant direction.
π On the daily timeframe, we're seeing three consecutive small candles that π suggest indecision in the market. I believe the market may still push higher to complete the large triangle formation.π© Notably, the recent bounce off the bottom of the pattern has set us up for a retest of the top.
π―My goal is the resistance zone around 2350.
TradingView
Lingrid | GOLD Weekly Price Action. What Can We Expect in July? for OANDA:XAUUSD by Lingrid
OANDA:XAUUSD prices initially dipped but then rebounded, with attention focused on the 2,300 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 close with a doji candleβ¦
Lingrid Forex Signals
#GOLD πUPDATE Upon examining the gold chart, it's evident that the market is anticipating π¦ Fed Chair Powell's remarks. Given the current range-bound environment,π§ we could potentially see a fake breakout either upwards or downwards,π which could ultimatelyβ¦
βοΈFed Chair Powell Speaks SOON
Gold prices slipped on Tuesday as the U.S. dollar held firm, while investors awaited comments from Federal Reserve Chair Jerome Powell and key jobs data for further clues about the interest rate outlook.
The dollar was supported by rising U.S. bond yields, making bullion less attractive.
In order for gold prices to break above the current range, the market needs to see further weak data points that increase the possibility of a Fed rate cut in September.
Lower rates reduce the opportunity cost of holding zero-yielding gold.
"Weaker central bank demand or a delay to the Fed normalizing interest rates are also risks to the strong investment demand thesis.
P.S. I still expect GOLD to move to support below 2310 by my Analysis
ββββββββββ
π©CONTACT @Lingrid
πSite
Gold prices slipped on Tuesday as the U.S. dollar held firm, while investors awaited comments from Federal Reserve Chair Jerome Powell and key jobs data for further clues about the interest rate outlook.
The dollar was supported by rising U.S. bond yields, making bullion less attractive.
In order for gold prices to break above the current range, the market needs to see further weak data points that increase the possibility of a Fed rate cut in September.
Lower rates reduce the opportunity cost of holding zero-yielding gold.
"Weaker central bank demand or a delay to the Fed normalizing interest rates are also risks to the strong investment demand thesis.
P.S. I still expect GOLD to move to support below 2310 by my Analysis
ββββββββββ
π©CONTACT @Lingrid
πSite
Telegram
Lingrid Forex Signals
#GOLD
πUPDATE
Upon examining the gold chart, it's evident that the market is anticipating π¦ Fed Chair Powell's remarks. Given the current range-bound environment,π§ we could potentially see a fake breakout either upwards or downwards,π which could ultimatelyβ¦
πUPDATE
Upon examining the gold chart, it's evident that the market is anticipating π¦ Fed Chair Powell's remarks. Given the current range-bound environment,π§ we could potentially see a fake breakout either upwards or downwards,π which could ultimatelyβ¦
#GOLD
πNew forecast
The price perfectly fulfilled my last idea.π It hit the TP.
XAUUSD is currently testing π 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.πΏ Given that the market has closed above the strong support at 2330, I believe it may retest theβ€΅οΈ midpoint of the range zone, which aligns with the neckline of the H&S pattern.βοΈ
However, there is still a possibilityπ that the price could drop to a lower level, as it has already completed a test of the top of the π triangle formation I mentioned yesterday. In any case, I'm looking forπ the price to test the support level and bounce back, which would provide a buy β confirmation.
π―My target is the resistance zone around 2379.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+450pβ
β2GOLD+219pβ
β3GOLD+364pβ
β4GOLD -137pβ
β5GOLD+470pβ
β6GOLD-142pβ
β7GOLD+293pβ
πNew forecast
The price perfectly fulfilled my last idea.π It hit the TP.
XAUUSD is currently testing π 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.πΏ Given that the market has closed above the strong support at 2330, I believe it may retest theβ€΅οΈ midpoint of the range zone, which aligns with the neckline of the H&S pattern.βοΈ
However, there is still a possibilityπ that the price could drop to a lower level, as it has already completed a test of the top of the π triangle formation I mentioned yesterday. In any case, I'm looking forπ the price to test the support level and bounce back, which would provide a buy β confirmation.
π―My target is the resistance zone around 2379.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+450pβ
β2GOLD+219pβ
β3GOLD+364pβ
β4GOLD -137pβ
β5GOLD+470pβ
β6GOLD-142pβ
β7GOLD+293pβ
TradingView
Lingrid | GOLD correction followed by EXTENSION for OANDA:XAUUSD by Lingrid
The price perfectly fulfilled my last idea. It hit the TP. OANDA:XAUUSD is currently testing 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. Given that the market hasβ¦
Lingrid Forex Signals
#GOLD πNew forecast The price perfectly fulfilled my last idea.π It hit the TP. XAUUSD is currently testing π 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.πΏ Givenβ¦
#GOLD
πUPDATE
The gold market has broken β‘οΈ out of its consolidation zone and is currently π moving sideways, following an impulsive leg that suggests a correction may be possible.β€΅οΈ Given the significant takeoff we've seen, I expect the market to pull back to the range zone,γ½οΈ as the price has broken out of this zone below,
it's likely to retest the broken level before making a move upwards.βοΈ If the market does retest the support area between 2335 and 2340 π and rejects it, we can π look for buying confirmation and consider taking a long position.
π―My goal is the resistance zone around 2377.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+450pβ
β2GOLD+219pβ
β3GOLD+364pβ
β4GOLD -137pβ
β5GOLD+470pβ
β6GOLD-142pβ
β7GOLD+293pβ
πUPDATE
The gold market has broken β‘οΈ out of its consolidation zone and is currently π moving sideways, following an impulsive leg that suggests a correction may be possible.β€΅οΈ Given the significant takeoff we've seen, I expect the market to pull back to the range zone,γ½οΈ as the price has broken out of this zone below,
it's likely to retest the broken level before making a move upwards.βοΈ If the market does retest the support area between 2335 and 2340 π and rejects it, we can π look for buying confirmation and consider taking a long position.
π―My goal is the resistance zone around 2377.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+450pβ
β2GOLD+219pβ
β3GOLD+364pβ
β4GOLD -137pβ
β5GOLD+470pβ
β6GOLD-142pβ
β7GOLD+293pβ
TradingView
Lingrid | GOLD correction followed by EXTENSION for OANDA:XAUUSD by Lingrid
The price perfectly fulfilled my last idea. It hit the TP. OANDA:XAUUSD is currently testing 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. Given that the market hasβ¦
Lingrid Forex Signals
#GOLD πNew forecast The price perfectly fulfilled my last idea.π It hit the TP. XAUUSD is currently testing π 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.πΏ Givenβ¦
#GOLD
πUPDATE
π§ Notice how the market responded to the π previous lower high at 2365; the lack of an impulsive from this level suggests that it may react by π moving upward following the upcoming NFP.π Since yesterday, the price has been range-bound,π indicating a potential breakout above.
However, βοΈ it's also possible that we'll see a short-lived π» spike downward. Overall, I'm expecting a πbullish breakout above the previous lower high and a retest of the resistance above. βοΈ
π―My goal is the resistance zone around 2379.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+450pβ
β2GOLD+219pβ
β3GOLD+364pβ
β4GOLD -137pβ
β5GOLD+470pβ
β6GOLD-142pβ
β7GOLD+293pβ
πUPDATE
π§ Notice how the market responded to the π previous lower high at 2365; the lack of an impulsive from this level suggests that it may react by π moving upward following the upcoming NFP.π Since yesterday, the price has been range-bound,π indicating a potential breakout above.
However, βοΈ it's also possible that we'll see a short-lived π» spike downward. Overall, I'm expecting a πbullish breakout above the previous lower high and a retest of the resistance above. βοΈ
π―My goal is the resistance zone around 2379.
βββββββββ
My past forecasts on GOLD π©βπ»
β1GOLD+450pβ
β2GOLD+219pβ
β3GOLD+364pβ
β4GOLD -137pβ
β5GOLD+470pβ
β6GOLD-142pβ
β7GOLD+293pβ
TradingView
Lingrid | GOLD correction followed by EXTENSION for OANDA:XAUUSD by Lingrid
The price perfectly fulfilled my last idea. It hit the TP. OANDA:XAUUSD is currently testing 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. Given that the market hasβ¦