Gold Bulls in Control: New ATH Expected SoonAs discussed in Monday's analysis, Gold is likely to reach a new all-time high this week, and I still hold this view.
After a brief dip that corrected last week's gains, the bulls regained control.
At the time of writing, the price stands at 2677, surpassing the local resistance level of 2667 and nearing the previous ATH of 2685.
My strategy remains to buy on dips, and in terms of targets, we could see Gold trading above 2700 in the coming days(if not even today)
Signalsprovider
silver longsilver
long
gold is going badly we will try to compensate
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
Lingrid | NZDCAD short from PSYCHOLOGICAL levelThe price perfectly fulfilled my previous idea. FX:NZDCAD is making lower lows and lower highs, indicating a bearish trend. Recently, the price action showed a pullback from the support level and is currently moving sideways after the bearish momentum. I anticipate that the market may consolidate between the levels of 0.84000 and 0.82500 because the markets usually move sideways after the strong movement. Therefore, I expect the price to bounce off both the psychological level and the downward trendline. My target is support level at 0.82780
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
XAUUSD Potential Up Trend ContinuationWith no high-impact news today, the market is likely to stay in sideways movement until tomorrow. However, sudden developments from the Middle East could introduce volatility, especially for gold. Currently, the market appears choppy, forming a triangle pattern. If the price moves below Friday's low, the triangle may evolve into a bullish flag pattern. Despite the sideways action, the market continues to show bullish signals from both technical and fundamental perspectives. The mid-term target is the resistance zone around 2685
EURUSD Possible further Drop after a small up correctionThe market broke through the 1.1000 round number following the negative NFP data for EURUSD, pushing the price below the September low. There's a strong possibility it could retest the next round number at 1.0900. The weekly candle reflects growing bearish momentum, and zooming out reveals that this level has historically acted as a key support multiple times. If the price is rejected at this resistance zone again, it could signal further bearish movement. The overall outlook remains bearish as long as the price stays below 1.1000. The target is the support level at 1.09050
Lingrid | CADJPY bullish DIVERGENCE: Potential BUYFX:CADJPY made a fake breakout of the previous support level but then bounced off it, taking liquidity below the previous week's low. On the daily timeframe, a long-tailed bar has formed, indicating that bulls are attempting to push the price higher. Additionally, on the 4H timeframe, we see another long-tailed bar, which further signifies buying pressure. There is a bullish divergence present on the current timeframe, suggesting a potential trend continuation. I think IF the market breaks and closes above the 108.500 resistance level, there is a good chance that the price may test the level above the equal high on the left. This would be a strong confirmation of the bullish sentiment in the market. My goal is resistance zone around 109.15
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | ETHUSDT possible LONG opportunity from SUPPORT zoneThe price perfectly fulfilled my previous idea. It hit the target level. The market has formed a double bottom and broke and closed above that pattern. Additionally, it also broke and closed above the previous resistance level at 2650, which had been respected before. Overall, this indicates that the market is making higher lows, reflecting increased buying pressure. I believe that the price may continue to move higher, IF it bounces off the support zone below by rejecting it and forming rejection candles. This would suggest strong buying interest and could further confirm an upward trend. My goal is resistance zone around 2750.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | GOLD Weekly Technical AnalysisOANDA:XAUUSD market pulled back and tested the psychological level of 2600, but it quickly bounced back, regaining strength and forming a long-tailed bar on the weekly chart. This suggests the potential for continued upward movement. The buying pressure demonstrates that gold remains attractive to bulls, supported by central bank and ongoing geopolitical concerns also pushes the market higher.
On the daily timeframe, the market formed a flag pattern that played out effectively, resulting in the creation of the long-tailed bar as it took liquidity below the previous week's low. Last weekly candle indicates that the price may rise toward the 2700 - 2720 range, representing a potential 2% increase, if it can break and close above the previous weekly high. Currently, the 2630 level holds significant importance, having been tested numerous times; it was broken by a huge bearish candle then by a bullish one.
Despite some fluctuations in the market, demand for gold remains solid. While there may be some sideways movement after 3 consecutive bullish months, there are no indications of a drop to lower levels. A significant trend reversal would likely require a drop below the 2550 level. Overall, I anticipate that the price to climb higher, at least towards the all-time high level.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | TONUSDT double BOTTOM at the SUPPORT levelBINANCE:TONUSDT bounced off the psychological level at 5.00, creating a double bottom formation. This level also coincided with the previous week's low. Additionally, several rejection candles formed at this support level on the 4H timeframe, indicating strong buying interest. The price broke above and closed above the trendline, which had served as significant support. A triangle pattern formed, and the market broke through it before pulling back, which can be seen as a liquidity grab. I anticipate that the market to continue to rise by breaking through the channel. My goal is resistance zone around 5.330
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | USDCAD short Trade after RESISTANCE rejectionFX:USDCAD has been moving steadily upward since the beginning of October, making nine consecutive bullish days. The price has reached significant levels on both the weekly and daily timeframes. As it approaches the resistance area, it appears to be running out of steam, with the candles shrinking in size, indicating a loss of momentum. Upon zooming out, we can see that the price tanked from resistance at 1.38500 multiple times. I expect the market to form at least a short-term pullback. If we see a rejection candle, we can expect the price to move lower. However, given that today is packed with CAD news, it's possible that the market will be volatile, leading to significant wicks up and down. My goal is support level at 1.36650
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | WIFUSDT buy Pullback. Long from the SUPPORT zoneBINANCE:WIFUSDT has been consistently making higher highs and higher lows, indicating a bullish sentiment on the 4H timeframe. However, the market began to pull back just below the psychological level of 3.00. Upon examining the daily chart, we can also identify a strong resistance level in this area. Consequently, I believe the market may enter a consolidation phase within the range of 2.50 to 3.00. Correction before extension. I expect the market to retrace towards the support level before moving upwards to test the liquidity above the psychological level. My target is resistance zone at 3.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Alikze »» ENJ | Ascending channel - 4H🔍 Technical analysis: Ascending channel - 4H
- It is moving in an ascending channel in the 4-hour time frame.
- A Double Bottom pattern is formed in the range of the green box by creating higher floors (HL).
Meanwhile, the creation of higher ceilings (HH) can be met with a correction in the 0.14 zones or the bottom of the channel with demand and create a newer ceiling (HH) up to the supply zone.
- Currently, in the middle range of the channel, it can continue its growth with a correction in the range of 0.14 to the supply area.
💎 Alternative scenario:
In addition, if there is a stabilization below the 0.14 candlestick area and if the correction continues up to the specified areas and the green box, there is a possibility of breaking the green box area.
Therefore, if the correction is sharp, the bullish scenario is invalidated and can form a new floor.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
BINANCE:ENAUSDT
GBPJPY → Trade Analysis | SELL SetupGBPJPY s moving to the upper boundary of the ascending channel.
The volatility of the movement has decreased.
The price has reached the resistance level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPJPY
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝