Lingrid | GOLD Weekly PRE-MARKET ANALYSISOANDA:XAUUSD is currently moving sideways, fluctuating between 2365 and 2475, and is forming a triangle pattern. While the overall market has been stable for some time, we are likely to experience occasional pullbacks. Essentially, the market is building liquidity both above and below the triangle pattern, and a breakout could occur next week, especially with several high-impact news events on the horizon, such as CPI and unemployment claims.
On the daily timeframe, the picture remains consistent, with the market also showing signs of range-bound behavior. Recently, the price broke below last week’s low but subsequently moved higher, approaching the weekly opening price. I believe August may be a consolidation month, with price movements primarily confined within the triangle pattern before a new trend is established.
Looking at the weekly timeframe, the market closed with a long-tailed bar, indicating a rejection of prices below the support level at 2420 and closing above it. Notably, this is the second time in history that the price has closed above this level on the weekly timeframe. Previously, the market has consistently rejected this level and closed below it on a weekly basis. Overall, I expect price action to continue within the consolidation zone until we witness a clear breakout.
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Gold Daily AnalysisHello everyone here is the monday market analysis the market breaks the previous high candle and closed here we also see the CHOC now we can take a buy trade but if we go more safe so we can wait for the market to come in retest zone and from here 100% buy till out target no 1 and then for target no 2 be get ready and make it booom!!!
Lingrid | GOLD long from the SWAP zoneThe price perfectly fulfills my last idea. It hit the target zone. OANDA:XAUUSD has broken and closed above the highs of the last two days, also surpassing the swap zone where the price has reacted multiple times in the past. Upon analyzing the 1H chart, we can observe a series of strong bullish candles accompanied by gradual pullbacks that have established higher lows. With less high-impact news expected today, I expect the market to continue to consolidate. However, I believe the market is likely to push higher, closing this trading week above 2430 resistance, which would be a highly bullish sign. My goal is resistance zone at 2447.
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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.
Lingrid | NZDUSD opportunity to SHORT from RESISTANCE zoneThe price perfectly fulfills my last idea. It hit the target level. FX:NZDUSD is currently making lower lows after breaking out of the range zone, indicating a bearish trend. I believe the price could decline further if it experiences a false breakout at the resistance zone and the channel boundary. Additionally, the market has created a bearish divergence on the 1H timeframe. Notably, the price has risen above the psychological level of 0.6000, but I anticipate it may drop below this level, potentially creating a false breakout on the weekly timeframe. My target is support at 0.59630
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Lingrid | GBPUSD at the KEY Support LEVELFX:GBPUSD has made a new lows, and currently it is moving sideways within a defined box range. The price has reached a support level where we previously saw an impulsive bullish move. This support area coincides with the previous month's low, making it a significant level to watch. Additionally, there is a bullish divergence formed at this support level, which typically indicates a potential reversal or at least a temporary bounce. I expect that if the market makes a fake break below this support level, it could signal rejection, leading to a potential move back up towards resistance. Observing how the price behaves around the support level will be key in determining whether a bullish reversal is on the horizon. My goal is the support level at 1.24500
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Lingrid | GOLD tested Previous WEEK LowOANDA:XAUUSD has a drop early Monday because of a global sell-off in risk assets, where gold typically gains value. However, the price fell below the psychological level of 2400 before quickly bouncing back and closing above it. On the weekly timeframe, the market took liquidity below the previous week's low and has since been moving sideways around the 2400 level. It appears the market has entered a consolidation phase, as evidenced by two rebounds from both the resistance and support levels. The daily candle also suggests a potential for prolonged consolidation withing Monday range zone. I anticipate the market may retest the Monday open price level. My target is resistance zone at 2440
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Lingrid | BITCOIN just formed the MOST POWERFUL Bullish setup The market has plunged following the postponed decision on interest rate cuts. Despite this, I remain optimistic about BINANCE:BTCUSDT , as I believe the market is in the process of developing a very bullish setup in history. This setup resembles a triangular pattern and downside breakout of it about 20-30% before an impulsive move upward. Currently, we are observing a triangle pattern, with the price approximately 30% below the resistance zone and approaching a strong support level at 50,000. I anticipate that the market to rebound from this support level, as we've already witnessed signs of rejection. My target is resistance level at 61500.
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EurUsd- Rise to 1.11?After breaking above the bullish flag following Friday's NFP report, EUR/USD reached a high at the important 1.10 level before beginning a correction.
The recent decline is contained within a falling wedge pattern, which could signal a continuation of the uptrend.
I remain bullish as long as the 1.0850 level holds, with a target of 1.11.
Gold- Time for new leg down?In my analysis yesterday, I mentioned that gold could reverse above 2400 and rise to the key resistance zone between 2420 and 2430.
However, swing traders should look for selling opportunities in this zone rather than buying in anticipation of hitting resistance.
Indeed, the price has moved into this zone, and my strategy remains the same: sell rallies in the area of yesterday's highs.
This outlook would only be invalidated if the week's close is near 2440.
KODK Eastman Kodak Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of KODK Eastman Kodak Company prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $0.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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.
Lingrid | TRXUSDT level REJECTION. Opportunity to BUYThe price perfectly fulfilled my last idea. BINANCE:TRXUSDT has pulled back after forming a double top pattern. Recently, the market bounced off the 61.8% Fibonacci retracement level, indicating potential support. A rejection candle with a wick suggests that buyers are stepping in at this level. The area between 12 and 12.5 has been respected in the past, with multiple bounces occurring there. If we zoom out, it's clear that the price has been creating a triangle pattern, which indicates prolonged consolidation as it has struggled to break above its highs since February. The recent rebound from the bottom of the triangle suggests the possibility of a retest of the upper boundary of this pattern. This could lead to either a breakout to the upside or a continuation of the consolidation, depending on market sentiment. Observing how the price reacts at the triangle's upper resistance will be crucial for assessing the next move. My target is resistance zone at 0.1325
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Is Gold forming a double top?Last week, Gold seemed poised to reach a new all-time high. However, after a spike following Friday's Non-Farm Payroll (NFP) report, the price fell dramatically. Although the daily close resulted in a Doji candle on our chart, the daily volatility, measured from top to bottom, was 600 pips.
Monday was another extremely volatile day, with a daily range of nearly 1000 pips. The following days showed more manageable volatility but increased selling pressure.
Currently, bulls are trying to reclaim the 2400 level, but the overall outlook remains bearish. I am looking to sell during rallies, with my ideal entry point being in the 2420-2430 range. My initial target is 2360, and a drop below this level could lead to a decline below 2300.
XAGUSD:Clear Bearish Pattern Signals Potential Short OpportunityHey Realistic Traders, let's dive into the technical analysis of OANDA:XAGUSD
XAGUSD has consistently moved below the EMA90 line, indicating a strong bearish trend. Historically, it also broke the Ascending Broadening Wedge (ABW) pattern, and more recently, it broke out of the symmetrical triangle. This second breakout strengthens the possibility of continued bearish movement. Additionally, the MACD has formed a bearish crossover, where the MACD line crosses below the signal line, suggesting potential downward momentum. These technical indicators support a potential downside movement to 26.02030 (Target 1) and 25.44300 (Target 2).
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on XAGUSD."
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XAUUSD still bearish!! major algo in sightwhats up gold gang hope you're well! .. been a little while since my last post its just been so mental with the pricing, i havent bothered analysing .. just reacting to current market price
we are continuing to trend downwards (missing a great sell today by 10 pips) and making its way down to the major algo at 2352.12. You can expect a bounce there for scalp buys but i would be careful for sure.
A pull back to the trendline and sell in asia would be the move!
tomorrow we find some good sell zones and let them rip
catch you all in london
tommy boi
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.