SPELLUSDT (SpellToken) Updated till 18-01-25SPELLUSDT (SpellToken) Daily timeframe range. PA tried at 0.0011704 but seller overcome that resistance. depend on cool down if buyers hold on to it in mid level than we can see another push. local support 0.0006925 if holds, there will be always another chance.
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Gold remains strongly bullish In my post yesterday, I mentioned that gold could extend its upward movement and reach the important 2720 resistance zone (clearly highlighted in the chart I shared).
As expected, the price climbed to that level and, as is typical, began a correction.
In my view, this pullback should be seen as a buying opportunity for bulls looking to rejoin the upward trend.
There is a strong likelihood that gold could break above this resistance level, possibly as soon as today or early next week.
Silver could rise above 32 (1500+ pips target)In my previous analysis on OANDA:XAGUSD , I noted that the lack of bearish continuation following the break below the 30 level suggested a high likelihood of a false breakout.
I anticipated that the price would most likely reverse to the upside, and this scenario has played out as expected.
After breaking back above the 30 level and successfully retesting it, XAG/USD is now holding steadily above this important support.
Additionally, the price has broken out of the falling wedge pattern by moving above the descending trendline.
The morning star candlestick formation observed two days ago further reinforces the bullish outlook.
Adding to the positive sentiment, a strong close today could result in a continuation pin bar on the weekly chart, further supporting upward momentum.
In conclusion, the strategy remains to buy on dips, with an ideal entry around 30.30 and a target at the technical resistance above 32.
Lingrid | GOLD approaches December High. Short-Term PullbackThe price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD is currently trading above the 2700 key level, and as the market approaches the channel border and the upward trendline, there are signs of potential resistance. The price previously dropped from the resistance area before and it is likey that a short-term retracement could occur if we receive sell confirmation. Additionally, the market is nearing the December high, which presents a significant level where a bounce could take place. If the market shows rejection at this resistance zone, I expect a short-term pullback. My goal is support zone around 2677
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Lingrid | EURCAD shorting OPPORTUNITY at the KEY zoneThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD is forming ABCD move on the 4H timeframe. The price dropped from this area and it might act as key resistance. If the market manages to push higher toward the 1.48500 level or even above, it could be a opportunity to short alongside the bearish trend by a liquidity grab, where the market takes out stops and attracts sellers before reversing. If price shows signs of rejection at these higher levels—especially if we see bearish pinbar or other confirmation signals—there is a strong possibility of a significant bearish move following that rejection. My goal is support zone around 1.47910
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Lingrid | TONUSDT anticipating a BREAKOUT to the UpsideOKX:TONUSDT market made a false breakout of the previous week's low. Currently, the price is testing the downward channel border, suggesting a potential breakout in the market. On the daily timeframe, the multiple downside spikes indicates buying pressure from support levels, which could be sign of a potential shift in market sentiment. I think the market may consolidate around this level and potentially break upwards from here, starting from next week. Looking left, there was a bullish move before from the support zone at 5.38-5.40. This area may serve as a foundation for a renewed bullish movement, potentially leading to a bull run. My goal is resistance zone around 5.730
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Hellena | GOLD (4H): Long to area of 2726.976.Friends, it's been pretty hard lately to draw waves on a gold chart and I realize that not everyone likes it, but I'm trying to be objective.
The downtrend has not been confirmed and at this point it means that a five-wave upward movement is expected to complete.
I expect that the correction will be completed in the middle-order wave “2” (2640 area), then we will see the beginning of the wave “3”.
But it is also possible that wave “1” will continue and then the correction will be a little later - this is a risky entry.
In both cases I expect to reach the area of 2726.976.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold outlook: Buy dips remains the strategyIn my post yesterday, I mentioned that gold could test levels above 2700. True to expectations, the price rose steadily throughout the day, briefly spiking just above this critical 2700 level overnight.
After a short-lived correction, the price has returned to the 2700 zone. My outlook remains bullish as long as the 2660 support zone holds strong. For now, buying on dips remains the preferred strategy.
The immediate target is the 2720 resistance zone, which could act as a key level to watch for profit taking on buys.
Lingrid | SHIBUSDT fake BREAKOUT of the WEEHKY LowsBINANCE:SHIBUSDT moved lower, forming an ABCD pullback. It created a false breakout of the last three weeks' lows, resulting in a long-tailed bar on the weekly timeframe. The market has respected the downward trendline and recently bounced off it. With the price rolling back above the PWLs, there is a possibility that it may retest that level again. When zooming out, the strongest support level appears to be around 0.000019. The price could potentially move toward this level again. However, in the midterm, I expect that the market to at least retest the LH and potentially the zone above it. My goal is resistance zone around 0.000023
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Lingrid | EURUSD fake BREAKOUT. Short from RESISTANCEFX:EURUSD market recently made a false breakout above the resistance zone at 1.03200-1.03300. On the daily timeframe, the bearish trend remains intact. In response to the news release, the price dropped, and I think this downward momentum will persist, driving the price to lower levels. Furthermore, the market broke and closed below the upward trendline, which had been supporting a pullback against the major downtrend. This breakout suggests a potential continuation. I expect the price to continue to move lower, pending confirmation such as a rejection candle. My goal is support zone around 1.02475
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DXY could start correcting soonThe last quarter of 2024 was exceptionally bullish for the DXY, with the price climbing from 100 to a peak around 109—a substantial 9% increase in a relatively short period.
The bullish momentum has continued into the start of 2025.
However, since late December, the price action has become more overlapping, which could indicate the potential for a reversal.
At present, the price remains above the bullish trendline, so there are no clear reversal signals yet.
That said, it’s important to monitor for a downside break. If such a scenario occurs, the index could drop toward the 106 support level.
GbpUsd could correct from important supportLast week, GBP/USD saw a sharp decline, dropping over 400 pips from its recent high after briefly spiking above former support, which has now turned into resistance.
The pair is currently trading at 1.2150. Although the overall trend remains strongly bearish, a short-term correction and upward move is possible.
The 1.2070 level serves as key technical support, and with the psychological 1.2000 level nearby, short-term traders might find buying opportunities in this zone.
If a rebound occurs, the 1.2300 level could serve as a potential target for such a trade.
Lingrid | EURGBP shorting OPPORTUNITY from November HIGHThe price perfectly fulfilled my last idea. It hit the target. FX:EURGBP recently tested the November high, resulting in a false breakout on the 4H timeframe after taking liquidity above the 0.84500 level. The market printed five consecutive bullish days, but at this point, we may see some retracement. Although the price has continued to make higher highs, there's a bearish divergence forming, indicating potential weakness in the upward momentum. Given that the market is testing the monthly high with this bearish divergence, I expect a downward move from resistance and channel border. My goal is support zone around 0.83710
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Lingrid | AUDCHF continues to Moving Sideways. Potential ShortFX:AUDCHF is currently trading within a downward channel and has recently formed a new lower low. The price is now approaching the resistance zone and the upper channel boundary after bouncing off the support level. I expect a pullback and a retest of the support level, followed by additional downward momentum. This expectation is supported by the 4H timeframe, where the market has encountered a strong resistance zone, indicating that it is likely to continue its bearish trajectory. Therefore, I anticipate the market to retest the support level before moving further bearish toward the lower channel boundary. My goal is the support zone around 0.56470
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STPTUSDT (STP) Updated till 15-01-25STPTUSDT (STP) Daily timeframe range. we can see 2 wicks toward 0.08291 thats buyers trying to clear out sellers on resistance. if retail interest keeps up its not hard to get over 0.08291. its holding well even through market dump till now. recent support at 0.06287.
Lingrid | BITCOIN quick SELL-OFF from the RESISTANCE zoneBINANCE:BTCUSDT market is currently moving sideways, and I think it may continue this trend until the presidential inauguration. Additionally, the price has formed an ABCD pullback from the all-time high, with the D point completing around the support level of 86,000. The market has tested the 91,000 support level three times; however, there’s a possibility that the price may break through towards 90,000 on fourth approch, given that it is consolidating just above this level. I expect the market to dip below the psychological level of 90,000 in order to seek liquidity for a more bullish move in the near future. My goal is support zone around 87,000
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Lingrid | ETHUSDT expecting Short-Term CORRECTION BINANCE:ETHUSDT market recently dropped and tested the psychological level of 3000. It briefly broke through the previous support level but then pulled back. However, we’re not seeing any bullish momentum from this area, indicating there may be fewer buyers. As a result, the market could establish a range zone for accumulation. I think the market is likely consolidate around this support level. Since the range zone acts as both support and resistance, I expect the price to reverse and retest the 3000 level. On the daily timeframe, the price is forming an ABCD pullback, suggesting that the market may dip below the 2900 level. Looking back to the beginning of 2024, we can observe a similar pattern. My goal is support zone around 3000
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Lingrid | GOLD Weekly Technical AnalysisOANDA:XAUUSD market closed above the highs of the past three weeks, forming a nice ABCD pattern. This suggests that the price may be gearing up to test the psychological level at 2700. Looking to the left on the chart, we can see that this area has acted as a resistance level twice before. Given the current consolidation phase, it's possible that the price may bounce off the top of the range zone.
In the coming week, we have high-impact news that could significantly influence price movements. On the daily timeframe, the market is hovering near a key swap zone, where price changes direction multiple times. I anticipate that the price will consolidate until at least the end of this month or the US presidential inauguration. As it stands, the market remains within the December range, and it's likely to continue oscillating between the top and bottom of this range. Overall I look for the selling opportunity at the resistance zone.
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Lingrid | EURUSD bearish MOMENTUM. Selling OPPORTUNITYThe price perfectly fulfilled my last idea. It hit the target. FX:EURUSD continues to make lower lows and lower closes. It formed a long-tailed bar on the weekly timeframe, suggesting that the market may drop below the key level of 1.0000, or at least retest it. On the 4H timeframe, the market closed below the previous lower low at 1.02225. Considering that the price broke and closed below the lows from November and December, I think we might see strong bearish momentum. I expect the market to bounce off the downward trendline, which has been respected multiple times, along with the resistance zone. My goal is support zone around 1.01000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Hellena | GOLD (4H): Long to resistance area of 2717.733(Again).Dear colleagues, I believe that the 2717 level will be reached again, because the five-wave upward movement is not over yet.
I see here the development of wave “3” of higher order and the completion of the correction in wave “2” of medium order. I expect the price to start an upward movement this week.
I do not recommend placing short orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!