Gold- Is the correction over?Yesterday, gold dipped to a low of 2864; however, this drop was quickly reversed as bulls took control, pushing the price back above 2900. This raises the question: is the correction over?
The daily candle formed a Pin Bar, which could be a strong indication that the correction has ended.
Currently, the price is trading around 2913, with the key support level for bulls at the 2890 zone . As long as the price remains above this level, we can expect the uptrend to continue, potentially leading to a new all-time high.
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Lingrid | USDCHF potential BEARISH Breakout of Upward ChannelThe price perfectly fulfills my previous idea . FX:USDCHF price has declined from the resistance zone. On the 4H timeframe, the market trend appears to be sideways. The price action is moving within an ascending channel, and I anticipate that the price will break below this channel and move to lower levels, especially given the formation of a double top and the apparent rejection of bullish momentum. On the daily timeframe, the price is oscillating between 0.91600 and 0.8400 levels. My expectation is that the market will retest the previous month's low. My goal is to support 0.89850
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Lingrid | XRPUSDT coiling Up: Prolonged COSOLIDATION ZoneFollowing the significant sell-off from the resistance zone at 3.40, BINANCE:XRPUSDT continues to consolidate. The price is currently squeezed above the 2.00 level, leading me to believe a breakout is likely. The market has already made a fake breakout of the January low, and a retest of this level is possible. Looking left at price action, this support zone has been respected previously. I anticipate the market will bounce off the channel border and the upward trendline. On the weekly timeframe, the formation of a long-tailed bar suggests that the price might move sideways for some time before the next significant move. My goal is resistance zone around 2.70
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Hellena | Oil (4H): SHORT to the 70.00 support area.Colleagues, the situation is quite complicated, so I assume that the price is in a combined correction. At the moment I expect the completion of wave “B” in the 77.00 area, then the completion of wave “C” in the 70.00 support area.
Complex compound corrections are always quite unpredictable, so I recommend not to forget about SL and lot calculation.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold Price Analysis: Is a Deeper Pullback Coming?Since the beginning of the week, I have been writing that although the overall trend remains bullish, Gold is due for a correction.
Indeed, after a blow-off top to a new all-time high of 2943, the price started to decline and reached the confluence support zone at 2885.
At the time of writing, the price has returned to this support level, and there is a high probability of a break below this level, leading to a continuation of the correction.
In such a scenario, traders could anticipate a test of the 2840 support zone.
My strategy is to look for selling opportunities on rallies above 2900.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Lingrid | GOLD capitalizing on the PULLBACK. Potential LONG The price has perfectly fulfilled my previous forecast . It quickly reached the target zone, surging and testing the area just below the next key resistance level above. The rapid pullback from the resistance suggests that we might be experiencing a buying climax. Nevertheless, the market is forming an ABCD pullback, with completion point potentially aligning with the previous weekly high. This area could present an opportunity to go long in anticipation of a retest of the recent resistance zone. However, with Fed Chair Powell's testimony coming up, there’s a possibility the price could dip even lower, reaching around 2825. If we see a rejection at the support zone 2870 - 2880, we can expect a continuation of the prevailing trend. My goal is resistace zone around 2950
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Lingrid | GBPAUD pullback - CONTINUATION tradeFX:GBPAUD is currently making lower lows, indicating a bearish trend. The market broke and closed below the range zone, which further reinforces the bearish outlook. Additionally, the price tested the resistance zone twice before breaking through it; creating equal high level. The price is currently above the previous day's high, but there is a chance it could pull back below. This pullback could present a good opportunity to short the market, anticipating further downward pressure. My goal is support zone around 1.97240
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Lingrid | BNBUSDT false Breakout of November Low. LongBINANCE:BNBUSDT market saw a price squeeze and subsequently dropped below the November low. However, the price also made a false breakout by taking liquidity below that level. Additionally, it broke and closed below the upward trendline that has been supporting the price since August. This breakout may indicate a sideways movement. I believe the price could establish a range zone, as we observed similar price action in this area last year, from September to November. I expect that the market will enter an accumulation phase around this zone, potentially followed by a bullish move. My mid-term goal is resistance zone around 700
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Lingrid | GBPUSD buying Opportunity at KEY Support LevelAs the FX:GBPUSD market approaches the support level, it is showing signs of deceleration, with bearish momentum fading. The psychological level below at 1.23000 has previously acted as a strong support, with the price bouncing off it multiple times. On the higher timeframes, we can see the formation of an ABCD pullback, where point D aligns perfectly with the support level. I anticipate that the price will bounce off this support level and subsequently retest the supply zone above. My goal is resistance zone around 1.24180
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USD/JPY Trading Plan: Resistance in Focus Before the Next DropSince the beginning of the year, USD/JPY has been in a bearish trend, with the price dropping from 159 to 151.
After reaching support around the 151 zone following Friday's NFP, the price started to reverse upward and is currently trading at 153.63.
In my view, this is just a correction of the initial leg down, and once resistance is reached, the price is likely to resume its downward trend.
The sell zone starts above 154 and extends to 155, where I will be looking for selling opportunities.
In the medium term, the price could drop to 146, with the first major support at the recent low of 151.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPJPY TRADE DON'T MISS THIS OPPORTUNITY 📈 GBP/JPY Buy Setup - 4H Analysis 🚀
I'm currently looking at a potential bullish move on GBP/JPY based on recent price action. The pair has been in a downtrend but has found support around 188.00-188.50, showing signs of reversal.
🔹 Entry: Around 189.10-189.30
🔹 Stop Loss: 187.76 (Below recent lows)
🔹 Target: 191.83 (Previous resistance level)
🔍 Analysis Breakdown:
✅ Price has rejected a key support zone, indicating potential upside.
✅ Bullish momentum is forming with higher lows on lower timeframes.
✅ Risk-to-reward ratio is favorable, aiming for a 2:1+ setup.
I'll be monitoring this trade closely. Let me know your thoughts! 📊📢
#GBPJPY #ForexTrading #PriceAction #TradingView #ForexSignals #FXAnalysis 🚀💹
Blow-Off Top? Why I’m Selling Gold Rallies AgainIn my analysis yesterday, I mentioned that Gold could be due for a correction and suggested selling rallies.
Unfortunately, my sell position from 2905 hit the stop loss, and Gold went on to reach a new all-time high.
However, this appears to be a blow-off top, which could signal the start of a real correction phase.
With this in mind, I will look to sell rallies again, targeting the 2885 confluence support level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bitcoin's Next Move : Long Position Analysis!BINANCE:BTCUSDT : Potential Reversal Pattern
After a significant downtrend, Bitcoin is showing signs of a potential reversal. The chart reveals a possible inverse head-and-shoulders pattern, which could indicate a bullish turnaround.
Key Levels:
- Resistance: $92,000
- Support: $107,000
Analysis:
The RSI is approaching oversold territory, a bullish crossover we may see. If Bitcoin can break above the resistance level, we may see a significant price increase.
Trade Idea:
Place Long @ $95,000 or place long below $93,500, targeting $105,000. Stop loss at $88,000.
Disclaimer:
This is a high-risk trade idea. Always use proper risk management and consult with a financial advisor before making any trading decisions.
Lingrid | SHIBUSDT potential BULLISH Momentum is BuildingThe price has perfectly fulfilled my previous forecast . BINANCE:SHIBUSDT market has broken through the range zone, initiating an impulse move and subsequently forming a new range zone in the shape of a triangle pattern. This squeeze suggests that an expansion is imminent. Currently, I think the market is in the accumulation phase around the level of 0.000015. We observed a significant long-tailed bar that rejected the support level, which indicates a strong buying zone. I anticipate that the market to pull back towards this support level before moving upward, provided we see a buy confirmation. My goal is resistance zone around 0.00001970
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Lingrid | GOLD testing the Crucial 2900 Level. Potential LongThe price has perfectly fulfilled my previous forecast . The market surged straight up and reached the psychological level at 2900 without any pullback. On the 1H timeframe, a trend continuation pattern—a triangle—formed before the market moved higher. Additionally, the price broke and closed above last week's high. As the market tests this key level, we may see increased volatility in this area. If the price makes a pullback toward the support level, there is a strong opportunity to go long, with the potential for the price to continue moving upwards. My goal is resistance zone around 2925
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XAUUSD, 1h ANALYSISHello traders and investors !
hope you are fit and fine doing well today.
What are you thinking about Gold today?
Gold is in stong bullish trend showing buyers pressure here,however at the current market levels there are 2 risky zone one is to enter sell from 2882 with low risk regarding a target of 2840 and the other zone to place buy at current market for scalping with a target of 2882 and 2900, if the volatility occurs in Gold then we may see $3000 soon .
Please don't forget to like and comment on idea its motivation for me
happy trading
Best wishes Tom
Gold is flying up strong buythe price action of Gold (XAU/USD) on a 4-hour timeframe, with the price hitting the target of 2,900 as indicated. The market is currently in an uptrend within an ascending channel, with potential for further movement towards2,900.972. Key support levels are located at 2,831.691 and lower around2,780. Fibonacci retracement levels highlight areas of interest for possible retracements. The chart suggests that the bullish trend could continue if the price holds above support
Lingrid | EURUSD forming a Triangle Pattern. ShortFX:EURUSD continues to consolidate around 1.0300 level. Recently, the market gapped down again, but that gap has already been filled. Last week, the price declined following a news release, respecting the downward trendline and breaking below the 1.03500 level. Overall, the price is forming a triangle pattern, forming lower highs and higher lows. Given that the market has bounced off the upper boundary of the pattern, I anticipate it may retest the lower boundary. I expect the market to reject the resistance and subsequently retest last week's low. My goal is support zone around 1.02270
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High Risk Sell Gold OutlookGold started the week by reaching a new all-time high near the 2,900 mark.
However, as I explained in my weekend analysis, while the overall trend remains strongly bullish, I anticipate a pullback to correct the 3,000-pip rally since the beginning of the year.
I am looking to enter a sell position with a tight stop-loss, aiming for a 1:3 risk-reward ratio to justify this high-risk trade.
Lingrid | BTCUSDT mid-term PRICE Action PerspectiveBINANCE:BTCUSDT continues to consolidate below the 100,000 level. Over the past couple of days, the market has been printing doji candles, indicating indecision. Following a false break of the resistance zone, the market is now moving sideways. When we take a step back, we can see that the price has not achieved a 1/3 correction of the bullish move that occurred from August 2024 to January 2025. I believe the market will likely continue this sideways movement and may retrace to the area below 90,000 before rising to higher levels. A deeper pullback would be beneficial for the market, as it would create an opportunity to move to those higher levels. My mid term goal is resistance zone around 107,000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻