Consolidation could lead to new ATH. Still wanted to sell thoughGold remains in consolidation, and a new all-time high could be on the horizon.
However, I still anticipate a significant correction.
For now, I'm staying out of the market, looking for opportunities to fade the current move, with the expectation of at least a 500-pip target.
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Lingrid | EURUSD persistent Oscillation in RANGE zoneFX:EURUSD has struggled to create new highs above the psychological level at 1.1200 and has rejected the resistance zone multiple times, forming large bearish candles. Currently, the price remains within a consolidation zone. Additionally, the TVC:DXY recent impulse move upward suggests that it may exert downward pressure on the market. As a result, I expect the market to continue oscillating between the established resistance and support levels. My target is support level at 1.10800
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Lingrid | PEPEUSDT seizing Opportunity in PULLBACK tradingBINANCE:PEPEUSDT recently broke through and closed above the consolidation zone. On the daily timeframe, the market bounced off the demand zone and also broke above the previous day's high. The price action is forming higher highs, indicating a bullish trend. Recently, it reached the round number of 0.000009, and the price may be experiencing a short-term pullback. I anticipate that the market will continue moving higher, especially as we approach alt season. My target is resistance at 0.0000096
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UsdJpy could return to 150In mid-September, USD/JPY dropped below the 141.80 technical support level and even briefly fell under 140.
However, this bearish move was short-lived and ultimately proved to be a false breakout. The pair quickly recovered, and despite some signs of a potential continuation of the downtrend from the trend line on Monday and Tuesday, yesterday's session was marked by a strong bullish engulfing candle that broke above the falling trend line.
At this point, the path for further gains seems clear, with 147 and possibly 150 as upside targets for the bulls.
In conclusion, as long as technical support holds, I am looking to buy on dips.
Lingrid | GOLD sustained MOMENTUM towards HIGHER LevelsThe price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD has reached the important level of 2650 and broke and closed above it on the daily timeframe. Since there is no historical resistance above this level, the price may continue to push higher. Currently, we are seeing a pullback from the resistance zone, which presents an opportunity to go long from the support area. If the market pulls back toward the support zone and shows signs of rejection, we can anticipate a movement to higher levels. My target is resistance zone at 2670.
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EURUSD capitalizing on bullish momentumEURUSD is currently consolidating below the psychological level of 1.12000. On the daily timeframe, the price is retesting last week’s high, which could potentially break to the upside. Tuesday’s close with a strong bullish candle indicates a possible pullback toward the support area, offering a chance to catch the move in anticipation of a trend continuation. The price may bounce off the support level and the downward trendline. The target is the resistance zone around 1.12230
Lingrid | EURUSD capitalizing on Bullish MOMNETUM. Buy PullbackFX:EURUSD is currently consolidating below the psychological level at 1.12000. On the daily timeframe, it is retesting the the previous week's high, which is likely to be broken upside. Tuesday's close was marked by a strong bullish candle, suggesting that a pullback toward the support area may occur, providing an opportunity to catch the pullback in anticipation of trend continuation. I expect the price to bounce off both the support level and the downward trendline. My target is resistance zone around 1.12230
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Lingrid | ADAUSDT level REJECTION. Potential BEARISH moveBINANCE:ADAUSDT reached the resistance zone at 0.39, where it rejected this level by forming an engulfing candle pattern. Over the past two months, the market has been moving sideways on the daily timeframe. However, the overall trend remains bearish, similar to many other altcoins. Given that the market has reached the top of the range, I anticipate a pullback as it continues to consolidate in this zone. Furthermore, the market has formed an ABC pattern, which typically suggests that a retracement is imminent. This further increases the likelihood of a pullback from the resisatnce. My target is support level 0.36
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Lingrid | AUDUSD breakout and RETEST Continuation TradeFX:AUDUSD broke and closed above the psychological level of 0.6800. As observed, it has established a range zone above this level. Given the overall bullish trend, I believe there is a good chance that the market will continue its upward movement. Currently, the market is testing the weekly level, and it may remain within this range for a while. I anticipate that the market will roll back to the strong support level below and (possibly) the trendline before making a move higher, ultimately breaking and closing above the recent higher high (HH) level. My target is resistance zone at 0.68570
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GBPAUD Down trend continuationGBPAUD is consistently making lower lows and lower closes on the 1H timeframe, indicating a potential ABC formation. Over the past two weeks, the market has been moving within a defined weekly range, suggesting that the price is currently in a consolidation phase. Additionally, the price has recently broken and closed below the key 1.95000 level and the upward trendline, reinforcing the bearish sentiment. The expectation is for a pullback toward the resistance zone before continuing its downward movement. The target is the support level around 1.93820
EURUSD potential to Buy the Deep for a short-term gainEURUSD is currently moving downward toward the support level, driven by a day of high-impact EUR news. The price action is consolidating near resistance, indicating that the market may retest the previous weekly low and potentially dip below equal lows. However, with the overall trend still bullish on the daily timeframe, a rejection signal at the support level and downward trendline could trigger a move higher. The target is the resistance zone at 1.11360
Lingrid | GOLD Weekly ANALYSIS: Hitting Another ALL-TIME HighOANDA:XAUUSD market started the week by pulling back, but then showed signs of strength after the rate cut. I think the 2550 level is a key support level; as long as the price remains above it and I believe gold possibly can move significantly higher next weeks, and 2700 is a realistic target if we have some healthy correction in the market. The recent rate cut by the FED and global trend toward lower interest rates favor gold pushing the gold to higher level .
On the daily timeframe, the market has closed above the 2600 psychological level, reaching an all-time high. Currently, the price action has established a weekly range, indicating that the market may consolidate within this range next week. The last weekly candle though suggests that the market could reach the next psychological level at 2700 if it manages to close above the previous week's high (PWH).
Additionally, on the 4H timeframe, the market has formed an equal lows, indicating a possibility that it may temporarily drop below this level to take liquidity, which would mean moving below the 2600 support level. Overall, I expect short-term pullbacks as potential buying opportunities at levels that provide strong support. While the trend is clearly bullish, it’s important to remain patient and wait for pullbacks to identify favorable entry points.
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Lingrid | NZDUSD updating SWING highs. Bullish MOMENTUMFX:NZDUSD is making higher lows, indicating bullish pressure, though the higher highs are relatively at the same level, suggesting a potential breakout of resistance. The recent formation of a bullish continuation a triangle pattern, typically signals that the market is consolidating before a potential breakout. As the market approaches the psychological level of 0.63000, which acts as a resistance zone on the daily timeframe, there is a possibility that it might break through this level. The price action on the daily timeframe appears very bullish, therfore I expect the market to a pullback before attempting to break through this resistance and continue higher. My target is resisatnce around 0.62990
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BNBUSDT Downtrend channel BreakoutBNBUSDT has broken and closed above the downward channel, signalling a bullish trend. This movement suggests the market may be factoring in the potential release of CZ, which could further fuel a rise in price. The break above the $600 psychological level supports this bullish sentiment. However, a pullback toward the channel's upper border and the upward trendline is possible. Monitoring price action during this pullback will be key to confirming further upside potential. The target is the resistance zone around 660.0
Lingrid | BNBUSDT Long Signal: Downward CHANNEL breakoutThe price perfectly fulfilled my last idea. It hit the target. BINANCE:BNBUSDT has broken and closed above the downward channel, which is a bullish sign. This move suggests that the market is likely pricing in the potential release of the CZ from jail, and this event could further propel prices to higher levels. Additionally, the price has broken and closed above the $600 psychological level, reinforcing the bullish sentiment. However, I anticipate a pullback toward the channel's upper border, as well as the upward trendline. Once this pullback occurs, I expect the market to continue its upward trend from that point. Keeping an eye on price action during the pullback will be important to confirm the potential for continuation. Mya target is resistance zone around 660.0
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Lingrid | EURUSD opportunity Amidst CONSOLIDATION ZoneFX:EURUSD is currently moving down toward the support level, influenced by a day filled with high-impact news on the EUR. If we take a closer look, we can see that the price action is in a consolidation zone near the resistance. It seems likely that the market will retest the previous weekly low and potentially move below the equal lows. However, since the overall trend remains bullish on the daily timeframe, I believe that if we see a rejection signal at the support level and the downward trendline, we can anticipate a potential move higher. My target is resistance zone at 1.11360
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EurUsd- Fall to 1.1 once more?Last week was favorable for Euro bulls, with the price climbing back to 1.12.
However, after three failed attempts to break above this level, the price has dropped sharply today and is now resting on the 1.11 support zone.
I anticipate a break below this level, with the next target being 1.10.
My strategy is to sell into rallies, with a stop above 1.12 to negate the setup.
Lingrid | BITCOIN Short-Term Pullback near RESISTANCE LevelThe price perfectly fulfilled my last idea. It hit the target zone. BINANCE:BTCUSDT has reached the resistance zone around 65,000, where we previously saw a significant drop. Although the market broke and closed above the downward channel, on the daily timeframe it remains in a consolidation phase, oscillating between the top and bottom of the range. Recently, the price has approached the top of this range, suggesting a potential bounce off this level. Additionally, a divergence at the resistance zone further increases the likelihood of a price move to the downside. This combination of factors indicates that we may see a short term pullback from the current levels. My target is support level at 61,000.
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