Lingrid | GOLD Short-term RETRACEMENT from PSYCHOLOGICAL LevelOANDA:XAUUSD has moved higher, breaking through the prolonged consolidation zone. The price has reached the key resistance zone ahead of the Core CPI release, testing the psychological level at 2700 and weekly high level. This level has previously acted as resistance, and I think that the market may drop from this level, forming a short-term pullback. Therefore I expect the market to pull back from the resistance and the upward trendline before considering further upward movement because the market may retest the middle of the consolidation zone. My goal is support zone around 2665
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Signals
Lingrid | AUDUSD trend CONTINUATION tradeThe price perfectly fulfills my last idea. It reached target. FX:AUDUSD is currently showing a bearish trend by a series of lower lows and lower closes. After pulling back from its support level, the market retested the resistance zone, only to fall back down. I expect the downtrend to continue, with the price likely to move further downwards. Notably, a long-tailed candle formed at the resistance zone, hinting at a potential reversal and trend continuation. I expect the price move below the psychological level at 0.64000 and retest the support zones. My goal is support zone around 0.63780
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XAUUSD - possible outcomes today?Here is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last in-depth analysis on XAUUSD posted on November 27th , it has followed the projection and reached 2714 . Right now we have a few opportunities on our hands. Looking at XAUUSD we have possible buys if we break above 2720 and break today’s highs. On the other hand we could see pullbacks down to our PBA 1 (Pullback Area) sitting at around 2700 flat, and we could enter into more safe buys . If we break below 2700 (PBA 1) , we could see some sells in play. To write this in detail, here are the possible outcomes.
Scenario 1: BUYS from 2720
We broke above 2720 .
That would confirm continuation buys and we would have to keep our eye out on the breaks of today’s highs.
Scenario 2: BUYS from 2700
We made the pullback down to 2700 and are trading above it. That would give us a nice and safe area to enter into buys targeting today’s highs or possibly higher.
Scenario 3: SELLS from 2700
We broke below 2700 , and are now targeting breaks of 2690 and re-visits of 2675.
Personal opinion:
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
KEY NOTES
- XAUUSD breaking above 2720 would confirm buys.
- XAUUSD failing to break below 2700 would confirm buys.
- Breaks below 2700 would result in sells, down to 2690 and 2675.
Happy trading!
FxPocket
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Will Gold also test the next resistance level?It’s been a highly bullish week for OANDA:XAUUSD traders, with prices not only reaching but surpassing all my targets one by one.
As I outlined in Monday's outlook, if the bulls manage to break above the 2655–2660 resistance zone, the 2785 level would be exposed, and more importantly, the price would very likely move beyond 2700.
Yesterday, that prediction materialized as we saw a decisive break above this critical milestone, with FOREXCOM:XAUUSD reaching the 2718 target—and even surpassing it.
Overnight, the price briefly dropped from 2725, touching the newly formed support at 2700 before reversing strongly upward.
The overall structure remains extremely bullish, with every dip being bought by traders.
This momentum should guide our strategy moving forward, focusing now on the next resistance zone at 2755–2760.
USDJPY 1st 1D Golden Cross since June 2023! Bullish!The USDJPY pair has been trading within a long-term Channel Up since the October 21 2022 High. Today it formed its 1st Bullish Cross on the 1D time-frame in 1.5 year (since June 202 2023) and technically it is a very bullish development.
It is not just the standard bullish dynamics of this formation but also that last time we had a Golden Cross, the price bottomed upon the completion of a 1D MACD Bullish Cross, which we also got today and rallied to hit the Resistance 1 level.
As a result, this is a strong buy signal and our Target is just below Resistance 1 at 160.000.
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BTCUSD - Possible sells?Here is our signal on BTCUSD . Potential short opportunity.
As the price on BTCUSD is moving in a “range” we could take this into our advantage and sell BTCUSD at the top of it. With smaller time-frames such as m15 we can see a clear break of the 100k support zone. We can enter into safe sells and target at around 98k. Our entry is sitting at the break of the support zone at 100296 . Our SL (Stop Loss) is sitting at 101273 while our TP (Take Profit) is sitting at 98276 .
PARAMETERS
- Entry: 100296
- SL: 101273
- TP: 98276
KEY NOTES
- BTCUSD broke the support zone on m15.
- BTCUSD is trading in a range.
- We are at the top of the range.
Happy trading!
FxPocket
Silver is pressing for an up breakIn my Monday analysis, I noted that Silver was gathering momentum just below the 31.40 resistance level, with a high probability of breaking upward. Such a breakout could pave the way for a significant rise of approximately 2000 pips.
As anticipated, the price broke above 31.40, climbing nearly 1000 pips before beginning a period of correction and consolidation.
My bullish outlook remains firmly intact, and I continue to expect a move toward the 33.50 level.
The strategy of "buying on dips" should remain the focus for traders. Additionally, a decisive break above 32.50 would confirm the next leg of the rally, potentially unlocking another 1000-pip rise toward the target.
DXY Will Go Down From Resistance! Short!
Please, check our technical outlook for DXY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 106.563.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 105.718 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USOIL Will Go Higher! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 70.58.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 72.27 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPUSD Will Go Up! Long!
Take a look at our analysis for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.275.
The above observations make me that the market will inevitably achieve 1.282 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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WTI OIL Major bullish break-out happened. Expect rally to $76.WTI Oil (USOIL) broke yesterday above the 1-month Lower Highs trend-line, following the bullish EIA report. This is a major bullish break-out as the last time the price broke above a similar Lower Highs trend-line was on October 01, with the resulting rally rising above the 0.786 Fibonacci retracement level.
Even the 4H RSI sequences between the two fractals are identical, with both starting on a Bullish Divergence (Higher Lows against the price's Lower Lows and then a nearly oversold RSI with the price on the Support Zone was what initiated the rebound that broke the Lower Highs.
Our Target is again the 0.786 Fib at $76.00.
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AUDUSD Is Going Up! Long!
Please, check our technical outlook for AUDUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.634.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.639 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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SUIUSD Explosive channel Up targeting $7.000Last time we looked at Sui (SUIUSD) we called it in a figure of speech the "Solana killer" (October 29, see chart below), projecting that its current Bull Cycle will be like SOL's 2020 - 2021:
On the current analysis we view SUI on its own on the 1D time-frame and on a much shorter-term horizon. The dominant pattern has been a Channel Up since the August 05 Low and the dynamic that stands out is that during every Bullish Leg, there has been a +138.89% rally.
Technically the rally is initiated after the 1D MACD forms a Bullish Cross and right now we are on the 2nd successive one. As a result, being supported by the 1D MA50 (blue trend-line), we expect at least another +138.89% rally from the recent Higher Low, thus targeting 7.000. As you can see, that is on the 0.786 Channel Fibonacci level, which hasn't been broken since August 13.
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107K is next upside target, looking at 98-98.5K for entryMorning folks,
So, BTC stands in upside channel, and we have no big patterns by far. Meantime, on 4H chart as potential ones, we could suggest the butterfly, right?
While on 1H chart we have DRPO "Sell" (in red circle) and a kind of H&S shape. It is just a shape, but who said that market can't keep it harmony?
Thus, 98-98.5 seems interesting level, if you would like to go long. For short position we see nothing interesting on higher time frames, thus, only DRPO "Sell" here and with minimal target around 98.5K
GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GOLD is making a bullish rebound on the 4H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 2,667.233 level.
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MDLZ $72.00 - Don't Miss Out on This 18%NASDAQ:MDLZ announced it would like to buy NYSE:HSY which led to a drop to $60. The sell-off came with a high volume and an oversold RSI. The buyers were able to buy the stop up to $61.44 getting it into the support zone. The sell-off did also respect the current bearish channel we're in. From this point on we could see a little bounce or the start of a new bullish phase inside this huge sideways channel.
Our first target would be the resistance at $64.22. If we bounce from this we could see another leg down which is why we should take profit here and move the stop-loss to break-even. If the stock decides to use its momentum for more we could target the area at $73.00. We exit this trade if the stock closes on the daily chart with a candle below the support zone of $60.67.
Resistance / Target Zones:
$64.22
$73.00
Support Zone:
$60.67
Let me know what you think!
Lingrid | SOLUSDT Potential Channel BREAKOUTBINANCE:SOLUSDT has been in a downward channel, which is a pullback against the major bullish trend. The price has bounced off the 200 psychological level, gaining bullish momentum. Currently, the market is testing the middle of the range zone, which may lead to some pullback. I think the price move move sideways below the channel border before potentially breaking out of the channel and resuming its upward movement. The fact that the market took liquidity below the previous week's low suggests that there is sufficient buying interest to propel the market higher. Overall, I expect a bullish upward move once the price breaks out of the channel, driven by the underlying bullish trend and liquidity accumulation. My goal is resistance zone around 250.00
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Lingrid | ETHUSDT Buying OPPORTUNITY after Price SPIKE DownThe price perfectly fulfilled my last idea. It hit the target. The entire cryptocurrency market made a significant flash move donw, leading to substantial sell-offs and liquidations. However, this presents an opportunity to buy into the market at a discount, especially in a bullish context. BINANCE:ETHUSDT pulled back from the strong 4,000 level and successfully retested the 3,500 support level, which I consider to be a healthy correction. After a false breakout, the price bounced off the channel boundary and the upward trendline. I anticipate that the price will continue to rise, closeing above the resistance zone. My goal is resistance zone around 3950
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