LygridTrading
OANDA:XAUUSD is currently consolidating near $3,310 after a decisive breakdown below the ascending trendline, signaling a shift in the short-term structure from bullish to bearish. This breakdown was accompanied by strong bearish momentum, indicating that buyers have temporarily lost control of the market. After the initial drop, the price is now attempting to...
After a strong bullish run, BTCUSDT is now showing clear signs of weakness near the resistance zone around 109,600–112,000. Price action has formed a cluster of rejection candles at the top, failing to break above this key level – signaling that selling pressure is gaining control. The current structure suggests a potential trend reversal, especially as the...
Hello dear traders! Gold prices continued to decline against the US Dollar (USD) on Friday, falling below the previous psychological support level, which is now resistance, at 3,350 USD. The main reason was that the US Dollar gained some positive momentum as the market leaned toward the Fed maintaining its current policy in July following the May report, causing...
Great to see all traders again in today’s gold price discussion at the end of the trading session. LyngridTrading here! Yesterday, gold dropped sharply, with the metal falling by 600 pips during the US session. However, by this morning, it quickly regained its upward momentum, supported by buying pressure around the 3,340 USD support zone. Specifically, gold...
Dear friends, To begin this post, I want you to understand why I want to connect with the global TradingView community. Simply put, I want to share the value I have and listen to more perspectives from all of you. This helps build a stronger, more united community. And what about you. What do you think of OANDA:XAUUSD hovering around 3,370 USD? Let’s...