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GOLD - Price can turn around and start decline to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined to mirror line, thereby breaking $2020 support level, which coincided with support area. After this, price started to move up between this line and soon broke support level one more time. Soon, Gold declined below mirror line, but then price made upward impulse to $2155 level, breaking this line again. Next, price broke this level and started to trades in flat, where later reached mirror line one more time. But then Gold turned around and a little declined, after which a not long time ago started to move up. Now, in my mind, price can reach top part of flat and then bounce down to $2140 support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
GOLD → Range trading. What is the importance of the 2144 area?FX:XAUUSD is trading inside the global range, forming a small flat inside. Consolidation continues and at the moment there is no reason for the price to leave the 2195-2144 channel. On D1 and H4 we see a sideways channel, a range. The market is clearly bullish, but at the moment the price is standing still. On the left side of the chart we see local liquidity zones, which the market maker will gradually reach. But, the most interesting thing is that the main gestalt is not closed yet: the strong support at 2144 has not been tested yet, and neither has the liquidity in this zone. On H1 we see an upward movement. The target of such a move could be the 2180-2185 area, or range resistance with a subsequent decline to targets below. A standard trading situation inside the range is being formed. Resistance levels: 2186, 2180, 2195 Support levels: 2166, 2150, 2144 Within the mentioned flat, the price is trading between the zones, levels, forming consolidation. There is an important area inside the range, which has not been tested yet, hence, the market may head from the resistance to the indicated liquidity zone below COMEX:GC1! TVC:DXY COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
45
EURUSD → Resistance pressure on the bearish trend FX:EURUSD is testing the support of the range formed inside the bearish trend. There is resistance pressure in the market. Bostic ( Fed ) stated that he now expects only one interest rate cut this year, thus this comment can be read as a hawkish attitude of the regulator. Bostic is often aggressive in his comments after Powell's speech The dollar index are in a bullish phase, which has a negative impact on the euro. On H4, the price is bouncing off the support and may test the nearest resistance before further declining on the trend. Resistance levels: 1.08597, 1.08975 Support levels: 1.07958, 1.07030 Technically, against the background of bearish trend, the resistance may affect the price accordingly, which may lead to a retest of the support with a subsequent breakout and decline. Regards R. Linda!
Short
by RLinda
3
GOLD → Trading within the range between levels FX:XAUUSD is forming a correction after a false breakdown of the resistance of the range. Against the backdrop of a strengthening dollar index, pressure from resistance appears in gold. The market is starting to bet that the Fed will not cut rates this year. At the same time Bostic (Fed) said he now expects only one Fed rate cut this year following Powell's comments about a pledged 0.75% cut in 2024. Gold on D1 in the 2195, 2148 range. The candlestick setup is bearish and most likely inclined to see the decline continue. The target in this case is the area of 2150-2145. On H1, the market is forming pressure from sellers on the background of strengthening dollar index. Resistance levels: 2172, 2177 Support levels: 2166, 2156, 2150, 2144 Technically, within the range gold may test the liquidity area 2150-2145 as it is a tidbit for both market maker and traders at the moment TVC:DXY COMEX:GC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
12
HelenP. I Euro can break support level, exiting of consolidationHi folks today I'm prepared for you Euro analytics. Some time ago price rebounded from the trend line and rose to the 1.0800 support level, which coincided with the support zone and soon broke this level, after which it started to trades in consolidation. In this pattern price some time traded near the support level until it reached the trend line, after which EUR rebounded and started to rise to the 1.0935 resistance level, which coincided with the resistance zone and top part of the consolidation. After this movement, the Euro broke the resistance level and a few moments traded in the resistance zone, after which turned around and fell back to range. Price declined to the trend line, broke this line, and fell below, but later it made movement back to the resistance level, after which the Euro made impulse down to the support level, where continues to trades near to this day. As well, the price one more time breaks the trend line and I expect that the Euro will break the support level and make a retest in the support zone. After this, the price can rebound and continue to decline, therefore I set my target at the 1.0745 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
BITCOIN - Price can continue to move up to top part of flatHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price traded below $68700 resistance level, which coincided with resistance area. Soon, BTC broke this level, formed a rectangle, and later turned around from $73850 points and started to decline. In a short time, price declined lower $68700 level, breaking it, and started to trades in flat, where fell to $62500 level. After this, price turned around and rose to resistance line, after which bounced back and recently started to rise again. A few moments ago, Bitcoin reached resistance line, broke it, and now trades very close to this line. In my mind, BTC can make a small movement down and then continue to rise to $68700 level in flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
GOLD → Retest of liquidity area before further growth FX:XAUUSD corrects after testing $2222. News on Thursday shook the market after Powell's dovish statement on Wednesday, which spurred a false breakdown and a 2.5% fall Yesterday the market met a bullish wave of news for the US market: Initial Jobless Claims down, PMI up, overall this is a locally positive scenario, but today at 13:30 Powell speaks, who can probably remind some of the things he said on Wednesday. Technically, gold is forming a retest of the 2166 support, which prepares us for a continuation of the decline that could happen before the news to test the strong liquidity area. But, Powell's speech may refresh traders' memory again. In this case, the market may resume the growth phase again, as the general fundamental background for gold is favorable for further growth. Resistance levels: 2172, 2183 Support levels: 2166, 2152, 2144 Now on H1-H4 a range is forming and price is heading towards support - a classic trading strategy inside a range is to trade from its boundaries. Pay attention to today's speech of the Fed Head. His words can both cheer you up and shock you ;) CAPITALCOM:DXY CAPITALCOM:GOLD COMEX:GC1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
12
GOLD → New Horizons. Price opens a new rangeFX:XAUUSD is getting a good medium-term signal on Powell's words yesterday. Metal is trampling its way into new horizons and probing new highs. Today the market is waiting for Initial Jobless Claims and PMI. M1 timeframe is pointing us to the approximate medium term potential which is capped at $2380-2400, price has entered a new bullish range. Yesterday's news from Powell gives the market the realization that the overall situation is improving and the time when the dollar will start to slacken on the back of rate cuts is getting closer. On the background of the news, investors continue to buy gold even more, as well as central banks of many leading countries of the world, which only favorably influences the price. Resistance levels: 2212, 2222 Support levels: 2200, 2195, 2175 Technically, the gold may test the support before rising further. The trend is strongly bullish. The liquidity area at 2195 plays an important role at the moment on the background of today's news, which is published at 12:30 GMT TVC:DXY COMEX:GC1! CAPITALCOM:GOLD Regards R. Linda!
FX:XAUUSDLong
by RLinda
31
GOLD → Waiting for the news. What are the odds of a fall ↓ ?FX:XAUUSD is trading under resistance pressure. The market is still forming a downward correction channel after a strong rally. Ahead of important news that will determine the medium-term outlook. The price is testing the correction resistance, but at the same time sellers are still holding the market back. Buyers do not let the price go beyond 2145-2150, thus a bearish pattern like a descending triangle is formed on the chart. The market still has a chance to break the support and this set-up has a high probability. The news is coming and everyone is waiting for what Powell has to say about the rate and inflation. His words may determine the medium-term outlook for the market. Resistance levels: 2160, 2163 Support levels: 2152, 2144, 2125 I am still inclined to believe that we have a fall ahead of us (globally - false breakdown of 2145-2150). Before that, on the background of news, the price may retest the resistance. The main prospective target is the price decline on the background of strengthening of the dollar index. Regards R. Linda!
FX:XAUUSDShort
by RLinda
22
GOLD → Correction + bearish set-up. What to expect from XAU?FX:XAUUSD is being held very tightly within the downward correction channel. The fundamental background on the market is weak, at this time the dollar is growing, which in general negatively affects the price of metal. Set-up on H4 shows us a strong resistance on the market. In general, this is due to the negative fundamental factor because of the economic news, which generally supports the dollar index. There is a pattern forming on the chart that could break the support formed in December 2023 (2145-2150) In this case a false breakout could occur. Statistically, the strongest moves occur after a false breakout. A breakout and consolidation below 2145-2150 may initiate a strong decline to the liquidity areas indicated on the chart. Resistance levels: 2156, SMA Support levels: 2144, 2125, 2100, 2075 I expect a retest of 2145-2150 with a bounce. If the price quickly returns to this support, the chances of a breakout will then increase. Fundamentally and technically, the gold market is showing weakness, so we should expect a negative scenario at the moment TVC:GOLD COMEX:GC1! MCX:GOLD1! TVC:DXY Regards R. Linda!
FX:XAUUSDShort
by RLinda
14
AUDUSD → The Bears continue to dominate. Waiting for the fall FX:AUDUSD continues to form a downtrend in the medium term. There is no way the Australian dollar can change the trend against the backdrop of a consistently strong US dollar. Global and local trends coincide and have a downward trend. The dollar index continues to trade on the wave of positive economic news. Most likely in the future the currency pair will continue its decline. On H4 we are interested in the level of 0.6535. Consolidation of the price below this zone will form the potential for further decline. Medium-term targets in this case will be 0.6443 and 0.6352. Resistance levels: 0.6535 Support levels: 0.6443 The bearish trend formation is likely to continue. The dollar is strong and is not going to give up its positions, which generally has a negative impact on the currency pair. Regards R. Linda!
Short
by RLinda
1
GBPJPY → The bullish trend may continue for a long time. Why?OANDA:GBPJPY has been forming a bullish trend for 4 years. This trend may continue its growth as the national currency of Japan is not going to strengthen. On W1 we see a clear trend within the global range. The target in the medium and long term could be 195.844. On H1 there is a beautiful price channel and flat. Within the flat price is trading between levels, earlier there was formed a capture of liquidity from the support at 188.83 (false breakout), which in this case formed a sufficient potential for further growth, as the key liquidity, which is now interested in the market, is located above 191.33. Resistance levels: 190.08, 191.33 Support levels: 188.83, 187.96 In the near future we expect a breakthrough of resistance at 190.08 with further consolidation of the price above this area, which will form the potential for growth to the target Regards R. Linda!
Long
by RLinda
6
EURUSD → Weak fundamental background and trend change FX:EURUSD is testing the local channel support. The probability of a breakout attempt is quite high, as the currency pair is trading on a negative fundamental background. The dollar is strengthening after a wave of positive news, at the same time EURUSD is hitting a strong resistance at 1.0949 on D1. A bearish candlestick is being formed with the session closing at the low point. Based on the candlestick pattern on Thursday, we can assume that the negative fundamental background is favorable for further decline, and the market is not finished moving yet. Consolidation below 1.08975 and breakout of 1.0880 will form a potential for further fall. The zones of 1.07958 and 1.0724 could become a target Support levels: 1.0880 Resistance levels: 1.08975 I expect a retest of resistance followed by a breakout of support. The market is trying to change the local trend and with a high probability it can do it Regards R. Linda!
Short
by RLinda
5
Ethereum can rebound up from support line to resistance lineHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price some days ago entered to range, where it first declined to the resistance level, which coincided with the bottom part and resistance area, after which ETH turned around and started to rise. Later, the price rose, after which made correction back to the 3720 level, and at once rebounded up to the top part of the range. After this ETH turned around and started to decline back to the 3720 level, and when it reached this level, the price broke it, thereby exiting from the range and continuing to decline in a downward channel. Some time the price trades near the resistance level, but later it rebounded and little declined, after which the price rose to the resistance line of the channel. Then Ethereum rebounded from this line and in a short time declined to the support line, where at the moment, the price continues to trades near. So, I think that ETH can fall to the support line again and then turn around and start to move up to the resistance line of the downward channel. For this reason, I set my target at the 3480 level, which coincided with the resistance line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
BNBUSDT - Price can fall little more and then bounce up to $562Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price has grown in rising channel, where it reached resistance line, after which it made correction. After correction, BNB bounced up from support line to resistance level, which coincided with resistance area. Soon, BNB broke this level, exited from channel, and started to trades in flat, where it two times reached top pattern. Later, price turned around and in a short time declined below $562 level and also soon broke it, thereby exiting from flat too. Also then, BNB continued to fall and now I think that Binance Coin can fall a little more and then bounce up to $562 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
GOLD → The correction continues. Test of strong support FX:XAUUSD continues to form correction. Price has been breaking through support since the open and is testing the key liquidity area formed on Dec. 4 $2,145 - $2,150 Overall, the price is not ready to go above the made high. Yes, there was an earlier breakout of the resistance level from December 2023, but there seems to be pressure from the resistance side of the market, this could be due to a strong seller or still no buyer. The candlestick setup indicates that the market is getting ready to go back beyond 2145-2150 and head towards lower zones like 2125, 2100, 2075. On H1, a bounce is forming within the descending channel, the price may test the moving average zone or even the resistance zone of the channel before resuming the decline. Resistance levels: 2156, 2162, 2172 Support levels: 2144, 2125 I expect a retest of resistance or moving averages after which the correction will resume. But the breakthrough of 2145-2150 may turn into a change of the local trend TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
4
GOLD → Setting and background foreshadowing the decline FX:XAUUSD is updating the global maximum. The distribution stops. The market goes into correction state. But, what is also interesting, a setup is forming on the chart, foreshadowing a support breakout. Let's briefly discuss the current situation in gold, without a long rant. The upcoming week is full of news. FED & FOMC meetings and Powell's speech are the ones to pay attention to, as inflation, interest rate and other nuances that determine the medium-term outlook may be discussed. Technically, gold is entering a correction phase. If we take a closer look at H1, we can see a descending triangle pattern. The character of the pattern is "support breakout, reversal and decline". This pattern can be interpreted as the presence of a strong seller or the absence of a buyer. Resistance levels: 2160, 2166, 2173 Support levels: 2155, 2147, 2100 The market is waiting for a correction, which is evidenced by the fundamental background, technical analysis and candlestick patterns. There is a high probability that the support may be broken with the subsequent correction towards the mentioned liquidity areas CAPITALCOM:DXY MCX:GOLD1! COMEX:GC1! TVC:GOLD Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
GOLD → Retest of resistance before further decline FX:XAUUSD continues to trade within the counter-trend correction channel. Another resistance retest is being formed, and the market is under pressure from the resistance. Gold has a neutral-negative fundamental background due to a wave of positive news in the US market. The dollar is strengthening a bit, which generally forms a resistance pressure on the gold. At the same time GOLD-ETF sell-offs continue. Technically, on H1 the price is testing the resistance of the descending channel, the fundamental background is negative and most likely, the decline may continue from the upper boundary of the channel. The market maker may form a false breakdown of resistance before further decline. Resistance levels: 2175 Support levels: 2144, 2125 There are no reasons for growth continuation. Funamental and technical factors indicate a high probability of further decline. There is no news today, the market should be more or less calm. COMEX:GC1! COMEX_MINI:MGC1! NCDEX:GOLD TVC:DXY Regards R. Linda!
FX:XAUUSDShort
by RLinda
14
GOLD - Price can fall to support area and then bounce up from itHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to flat, where it in a short time reached $2055 level, which coincided with top part of flat. After this, Gold at once bounced and declined to bottom part of flat, where later XAU turned around and started to grow. In a short time price rose back to $2055 level, entered to pennant, and later made strong upward impulse. Price broke $2055 level, exited from flat, and soon reached $2155 level, which coincided with support area. Soon, XAU broke this level and rose to resistance line of pennant, but recently price bounced down, exiting from this pattern. So, now I think Gold can decline to support area and then bounce up to $2200 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
GOLD → Rally halted, price preparing for correction FX:XAUUSD is in the correction phase. A range between 2195 and 2145 is forming. On the local timeframe, the expected correction range is formed, and at this time the price is testing the psychological resistance level. The growth of gold stops. The price does not reach 2200. Obchms are declining, price is forming a consolidation or even a trading range. On H1 the price broke the support of the local ascending channel, which may start the correction to 2144. Another retest of the resistance zone or a false breakdown before further decline is possible. Below 2144 there is a liquidity area formed, which is of interest to the market and the price may test this area in the near future. Today at 12:30 GMT we are waiting for news that may give us a medium-term potential. Resistance levels: 2175, 2185, 2195. Support levels: 2157, 2144 Before the news, the price may test the resistance, but it would be logical to see further correction at these liquidity areas TVC:DXY TVC:GOLD NCDEX:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
9
USDCHF → Retest of a previously broken trend FX:USDCHF is forming a correction after breaking the support of the uptrend. The dollar is in an unstable situation and in a phase of decline, which may favor the CHF, in which case the currency pair may decline. Globally - bearish trend. The resistance retest is formed and the price is not ready to renew the maximum yet and breaks the structure of the pre-breakdown consolidation. A local range below the key level is being formed. On H1 the price is testing the previously broken flat support, most likely the price may go flat and test the channel boundary after which the decline may resume. The target is the global flat support. Resistance levels: 0.87830, channel boundary, 0.88758 Support levels: 0.87280, 0.85800 I expect that the retest of resistance will be in the form of a false breakdown after which the decline of the currency pair may continue. Regards R. Linda!
Short
by RLinda
2
GOLD → High readiness for correctionFX:XAUUSD is consolidating above 2175, but at the same time a descending triangle is forming. Theoretically, price should break support, which will form a false break of 2175. On D1, volumes are declining, price is stopping after a strong rally. On H1, support 2175-2175 is formed and price has been squeezing towards support for a few hours, which increases the chances of a support breakout. But! If buyers do hold this area, the price may test the local high or 2200 before further declines. The dollar index is forming a correction from support, which is giving a corresponding reaction in the gold market as well. A descending triangle is forming on H1. A break of the support at 2175 will give an impulse to the lower levels. Resistance levels: 2185, 2195, 2200 Support levels: 2175, 2161, 2144 I expect correction after the false breakdown of 2175. Consolidation of the price below the level will give confirmation that the market is ready to correct TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDShort
by RLinda
20