Lingrid | GOLD Continues to CONSOLIDATE above the 3000 level Yesterday, OANDA:XAUUSD price moved higher, briefly taking liquidity above the previous day's high at 3035 before pulling back to consolidate. This resembles the price action we observed at the beginning of the month when the price consolidated around the 2900 level, tested the bottom of the consolidation, made a false break, and then moved to higher levels. Given that the price has tested the bottom of the current consolidation zone twice, I anticipate a similar scenario may unfold, where the price could retest the area below the psychological level once more before climbing higher, particularly if a false break occurs. My goal is the resistance zone around 3060
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Lingrid | GOLD price SQUEEZE Signals a Surge AheadOANDA:XAUUSD market has formed a triangle pattern, which is a continuation pattern, and it appears likely to break through the downward trendline. On the 4H timeframe, the price has created long-tailed bars, suggesting bullish pressure that could lead to a retest of the all-time high level. Since the price bounced off the 3000 level twice, I think the market will move higher if it breaks and closes above the triangle pattern, setting up a classic contraction continuation scenario. My goal is resistance zone around 3038
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Lingrid | LINKUSDT short-term BULLISH Momentum in the MARKETThe price perfectly fulfilled my previous idea . It hit the target level. BINANCE:LINKUSDT has gained upward momentum on the 1H timeframe, surging above the 15.00 level and downward trendline. On the daily timeframe, we see a series of four consecutive bullish candles, indicating strong buying pressure. Recent price action suggests the formation of ABC signals, implying that the market is positioning itself for an upward move towards the next resistance level around 17.00. As momentum builds, it is likely to test this key level, which could lead to further price increases unless sudden negative news triggers sell offs. Overall, I expect a pullback followed by a continuation move. My goal is the resistance zone around 16.45
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Lingrid | CADJPY anticipating UPWARD Continuation after PullbackThe price perfectly fulfilled my previous idea . It hit the target. FX:CADJPY market is showing bullish dominance, by the formation of higher highs and higher lows. On the daily timeframe, an inside bar pattern has formed, suggesting a potential consolidation followed by a continuation move since it closed above the 105.000 level. Currently, the price is testing the Monday high, and if it breaks above this level, we can anticipate further upward movement. I expect the price to establish a range around this level before advancing to higher levels from the previous week high and upward trendline. My goal is the resistance zone around 106.300
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Lingrid | USDCAD potential Selling OPPORTUNITY Post-Sell-OffThe price perfectly fulfilled my last idea . It hit the target level. Following the bearish movement, FX:USDCAD made a pullback, and on the daily timeframe, it formed a long-tailed bar that suggests a potential retest of the zone above the 1.4200 level. After the recent drop, the market is now moving sideways, just above the previous day low. If the market breaks and closes below this low, it may retest the support zone below. However, considering that the price action remains within the weekly range, it could continue to oscillate between the upper and lower boundaries. I expect a downward move if the price holds below the upward trendline. My goal is support zone around 1.42615.
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Lingrid | GBPJPY trend CONTINUATION Following a BreakoutThe price perfectly fulfilled my last idea . It hit the TP level. The overall FX:GBPJPY price action is forming an ABC move, with the C point completing around the 196.000 level. Recently, the price broke and closed above both the downward trendline and the support level at 194.000. Currently, it is testing last week's high, which coincides with the psychological level of 195.000. On the daily timeframe, a big bullish candle has formed, indicating bullish dominance. I believe the price may create a range zone at this level before continuing higher and potentially breaking out of the PWH. My goal is resistance zone at 195.750
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Lingrid | TRXUSDT sideways MARKET Movement. Long OpportunityThe price perfectly fulfilled my last idea . It reached the target level. BINANCE:TRXUSDT market recently made a fake break of the previous support level before bouncing back and reaching the upper boundary of the channel. When we zoom out, it's clear that the price has been consolidating for two months. Notably, the market has created a range zone at support level around 0.2200, with the price rebounding from this level multiple times, indicating its importance to the market. I think the price may move upward from this support, retest the trendline, and potentially approach the channel's upper boundary. My goal is resistance zone at 0.2370
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CAD/JPY: Bullish Structure Holds with Breakout PotentialThe CAD/JPY market continues to show bullish strength, forming a clear sequence of higher highs and higher lows. On the daily timeframe, an inside bar pattern has emerged, indicating a period of consolidation that may lead to a bullish continuation, especially with the candle closing above the 105.000 level.
At the moment, the price is testing Monday’s high, and a breakout above this point could trigger further upside. The market may form a range around the current level before continuing its move higher from the previous week’s high and the upward trendline. The next target is the resistance zone around 106.300
Lingrid | GOLD Weekly Price Action ForecastWe had another bullish week, marking the third consecutive week of gains. OANDA:XAUUSD market dropped and tested Tuesday's low, with the weekly candle closing near the 50% weekly range. Despite this, we still have a bullish candle and a higher close above the previous week's high level, demonstrating market dominance. This week, the market cleared above the 3000 level, and the chance of further upward movement seems quite high next week, especially if the market gaps up at the opening.
On the daily timeframe, Friday's candle is bearish; however, it recovered by rebounding and closed near the 50% mark of Friday's range as well. Looking at the price action, the recent pullback is similar to what we saw at the beginning of this month, where price made a 1.70% pullback before continuing to push higher. This time we have a 1.90% pullback, suggesting continuation is expected. We have high-impact news that will influence the price, therefore we should stay vigilant. I think gold could be volatile next week; however, every pullback might present an opportunity to go long as well.
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EUR/USD: Sideways Movement Persists Below Key LevelThe EUR/USD market remains in a consolidation phase just below the November 2024 low. Recently, the price experienced false breakouts beneath both a key support level and last week's low, followed by a strong bullish rebound. This pattern suggests a likelihood of continued sideways movement in the near term.
At present, the price is testing the previous day’s high. If upcoming news does not negatively affect sentiment, the market may attempt a move higher, especially after multiple failed breakdowns of support. However, until a decisive break occurs beyond last week’s range, price action is expected to remain range-bound. The next target lies at the resistance zone around 1.08820
Lingrid | EURUSD trading OPPORTUNITY in Sideways TrendFX:EURUSD market continues to consolidate below the November 2024 low. Recently, the price made a fake breakout of both the recent support level and last week's low. Following a strong bullish move, the price action is likely to move sideways for an extended period. Currently, the price is testing the previous day's high, and if upcoming news doesn't negatively impact the market, we may see a push to higher levels after multiple fake breakouts of the support levels. I expect the market to continue moving sideways until it breaks above or below last week's range. My goal is resistance zone around 1.08820
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Lingrid | BTCUSDT buy POTENTIAL on Short-Term ChartThe price perfectly fulfilled my last idea . BINANCE:BTCUSDT market is showing an upward trend on the 1H timeframe with higher highs and higher lows. Recently, it broke through the downward trendline and extended upwards, currently testing last week's high, where a potential pullback may form. However, when we zoom out, we can see that the price is forming an ABC pattern aimed at the psychological level of 90,000. It is possible that the price could range around this level before moving higher since the markets tend to consolidate around key level before breakout. Unless unexpected events drive the market lower, I think that with the current momentum, the price is likely to retest the area above the 90,000 mark. My goal is resistance zone around 89,000
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STRONG REVERSAL COMMING FROM NEW ATH ALERT!📈 Description:
This is a 2-hour timeframe analysis of Gold, the market is currently consolidating between a strong support zone 📉 and a weekly high resistance level 📈. Two possible breakout scenarios can be expected:
✅ Bullish Scenario: If the price holds the strong zone at 3028 and gains momentum, it may break out above the weekly high 🚀.
❌ Bearish Scenario: If the price breaks below this strong support zone i.e 3028, it could trigger a downward move toward a lower support level 📉.
👀 Traders should watch for breakout confirmations before entering trades! 📊📉📈
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Lingrid | HBARUSDT consolidation Before the ExtensionBINANCE:HBARUSDT price is currently consolidating below the psychological level at 0.2000. On the daily timeframe, it's evident that the price continues to test the support zone around 0.1700, indicating a potential breakdown of that zone and further downward movement. Additionally, the formation of an ABC corrective move suggests that the C wave may complete around the 0.1000 support level. As a result, I anticipate the market will break below this support and continue moving lower. My goal is support zone around 0.1600
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Lingrid | TONUSDT price Deceleration at RESISTANCE ZoneOKX:TONUSDT market surged by 20% following the surprising news that Telegram founder Pavel Durov had regained his passport, allowing him to travel freely. Consequently, the market bounced off the support level and nearly reached the 4.00 resistance zone. However, as it approached this resistance zone, signs indicated a potential pullback; the price has been decelerating and a bearish divergence is evident. Additionally, on the daily timeframe, we observe candles with wicks indicating rejection. Therefore, I expect the market may form a short corrective move toward the support level. My goal is support zone around 3.330
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Lingrid | BTCUSDT price Compression FIRST, Expansion NEXTThe price perfectly fulfilled my last idea . It hit the target level. BINANCE:BTCUSDT market is consolidating above the 80,000 level after breaking below the February low. Recently, a large weekly doji candle has formed, indicating a sideways movement. Currently, the price is trading within this week's range. Looking at the broader picture, we can see that the price action is narrow, and the market is creating a falling wedge pattern. Since the market is consolidating below the downward trendline, I anticipate a breakout above it, which would likely lead to further extension. If the price closes above the last week's high, we could see the formation of a solid inverse head and shoulders pattern in the market. My goal is resistance zone around 88,000
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Lingrid | AUDUSD breaks the UPWARD channel. Potential ShortFX:AUDUSD market broke and closed below the upward channel following a bullish momentum, and the price has also fallen below the swap zone where it previously bounced twice. On the daily timeframe, the market appears bearish, indicating potential further declines due to prevailing bearish dominance. A shift in market structure is evident, with price making lower lows and breaking below previous higher low. Unless upcoming news positively influences the market, I think the price will likely continue to move lower. My goal is support zone around 0.62910
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