Hellena | DJI (4H): Long to resistance area 40071.Dear Colleagues, in the last forecast the price almost reached the target 41680, but sharply started to decline. This means that the price is in a complex correction (WXY).
I expect that the price has almost finished the downward movement in wave (Y), and will start an upward movement soon.
The level where the price may come to is 38799, but in general I expect an upward movement at least to the area of 40071.
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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 | AUDCAD losing BULLISH momnetum. ShortThe price perfectly fulfilled my last idea. FX:AUDCAD is making higher highs on the 1H. However, it's important to note that there appears to be a decrease in bullish momentum, flattening slope of the upward movement. As the market heads toward the weekly resistance, the upper border of the channel, and the psychological level at 0.9100, it will be essential to watch how price reacts in this area. The price has previously bounced off from this zone, a retest of the support level is likely, especially since the daily timeframe shows the market has reached key resistance. If the market forms a rejection candle, it may indicate a reversal or a deeper correction. My target is support level at 0.90320
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Lingrid | ARBUSDT Rebounds from Historic LOWBINANCE:ARBUSDT has formed a long-tailed bar on the weekly timeframe, which suggests significant buying pressure at the levels below. The market recently bounced off an all-time low, indicating that buyers have stepped in and pushed the price higher. Notably, this price action resembles previous instances where the market rebounded from support level, leading to substantial upward movement, a rise of about 45%. If the market rejects the support level and maintains this buying momentum, we can expect the price to move upwards towards the channel border. Monitoring for confirmation of the support rejection, along with increasing volume, will be key in validating this bullish signal. My target is resistance zone around 0.6766
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Gold Daily Analysis 1H TimeframeHello guys as my previous was 100% accurate in the buy if we see today trade so we have a sell zone liquidity at 2478 and from here we can enter our first trade with small lot then we will wait for a CHOC (change of character) at the point 2468 and we can enter our 2nd trade if it continious so we can aim our sell target to 2453 in any chance after a CHOC market ho uo 40 pips for a retest then for us it will be a golden chance ⭐️ to catch that trade with our third entry with a little big lot size using proper money management and RR ratio our sell take profit target is 2453 I hope this analysis will work out and help you guys love you all peace!
Gold could rise to 2460After a significant drop of nearly 1,000 pips last Monday, gold has established strong support at 2,380 and began to recover mid-week, reaching the 2,430 resistance zone.
The recent pullback from this resistance found support at 2,415—a level that has served as both support and resistance since the beginning of the month. Once again, support has formed higher, this time at 2,420.
At the time of writing, the price is hovering around 2,435, and we could see a clear breakout to the upside in the hours.
My strategy is to buy on dips, and I will remain bullish as long as the price stays above 2,415.
Lingrid | EURUSD pullback from Strong RESISTANCE zoneFX:EURUSD recently surged and broke the previous month's high (PMH). However, it faced strong resistance at the 1.1000 level, leading to a downward push after the initial breakout. Following this impulse move upward, the market has now entered a consolidation phase. The price is trading close to the previous month's high and at this area we can expect a potentially choppy market for the next few days. The formation of a berish long-tailed bar on the weekly timeframe, suggests a selling pressure at this resistance. Keep an eye on how the market reacts around these key level to gauge its next move. My goal is the support level around 1.08650
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Lingrid | BITCOIN false BREAKOUT of the SUPPORT level The price perfectly fulfills my previous idea. It hit target level. BINANCE:BTCUSDT has taken liquidity below July's low and the support level at 50K before breaking through the resistance at 60K. On the weekly timeframe, the market closed bullish with a long wick downward, indicating buying interest, but the presence of a smaller wick upward suggests there was also selling pressure. The market has made approximately a one-third correction of the recent bullish move, and I believe it might enter a short-term accumulation phase around the 60K price level. However, if we see a strong impulse move upward, it could signal further bullish momentum, potentially propelling the price toward the channel boundary. Monitoring price action around the 60K level will be crucial to determine the next directional move. My target is resistance zone at 65400.
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Bitcoin could drop under 50k once moreIn a recent post, I mentioned that Bitcoin could rise and potentially reach a new all-time high (ATH). However, for this to happen, the key support at 63,500 must hold.
At the beginning of the month, the NFP report led to a break below this support, causing the price to tumble below 50,000 in the days that followed. After a typical correction, the price climbed back above 60,000, but it was unable to reclaim the broken support level, indicating that further losses could be on the horizon.
My strategy is to sell any rallies near the 60,000 zone, targeting the recent low below 50,000.
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.