Get started

A-flat

EURUSD → False resistance breakout. Decline to 1.075?EURUSD is testing range resistance and forming a false breakout with further confirmation of the boundary. The bears are strong and are not letting the price beyond 1.0884 yet. On Thursday and Friday strong and important news are published. Traders are interested in US GDP and PCE. There is a high probability to see data that could be bullish for the dollar in the current circumstances. As for EURUSD - trading inside the range may continue. Technically, I am waiting for a bounce from the local trend support and a retest of the resistance before a further decline. Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 False break of resistance is a confirmation that the price is not ready to go up yet. A breakdown of the scenario is possible, if the price breaks through and consolidates above 1.0884, but there are no reasons for that. We expect a breakout of 1.0836 with the purpose of further fall. Regards R. Linda!
Short
by RLinda
2
GOLD → Consolidation before distribution. $2,400 or $2,300?FX:XAUUSD after a false breakdown of the support of the range is forming a correction, but within the upward consolidation channel. The fundamental background is still negative. There is no strong news in the next two days, so the fundamental background remains the same. There is no strong buyer on the market yet and thus, gold may continue its downward movement if it breaks through the support area: the rising line or the approximate area of 2340. A break of the local uptrending support line will move the market into the realization phase, which will be a continuation of the decline. The structure may be broken if the price rises and consolidates above 2354. In this case, the price may head towards 2374. Resistance levels: 2354, 2358, 2370 Support levels: 2340, 2335, 2325 I expect that with high probability the decline may continue. But in the phase of waiting for strong news (Thursday and Friday), the market may gather liquidity. Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
GOLD → Correction after strong sell-offs. What's next?FX:XAUUSD is trading in the range of 2335-2397. Bulls are trying to keep the price from falling, countering the market in the 2330-2340 area. A rebound may reach local liquidity zones. At the moment the market is bearish but also volatile. Any news could have a strong impact on the dolar and gold. In the mid-term, since after a false break of support a rebound is forming, which is developing within a possible fourth wave, this movement may reach the local liquidity areas 2354, 2368 before a possible further fall. It is worth paying attention to the nearest resistance areas and any market reaction in the form of weakness may give a corresponding reaction - a decline. Resistance levels: 2354, 2368, 2374 Support levels: 2335 Today is a holiday in the USA and the market volatility may be low. A correction is forming, the purpose of which is to collect liquidity. The fall may continue from local reversal zones. Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
GOLD → There is no big buyer in the market. Moving to 2300?FX:XAUUSD continues to update lows amid a bearish wave based on fundamental (economic) reasons. The market after a pullback may be willing to continue falling. On D1 the outlook and situation is in the hands of bears. There is no big buyer on the market, who could turn the market around (not yet). Accordingly, a correction is forming due to liquidity captured by the false breakdown relative to 2335. Within the counter-trend correction, the price may test the density zone of 2354 before further declines. A pre-breakdown consolidation or a quick retest of 2335 will form the potential for further decline. Resistance levels: 2354, 2374 Support levels: 2335, 2306 False breakdown and stop from 2335 is most likely temporary. Keep an eye on local resistances, a false breakdown could be a motivation for sellers. Regards R. Linda!
FX:XAUUSDShort
by RLinda
4
GBPUSD → A false breakout draws a pin bar. Sellers are winning FX:GBPUSD is forming a test of the resistance level at 1.271. There is a struggle for the level during the week and apparently the sellers are winning (pinbar is formed and consolidation under the level). Technically, the downtrend was broken earlier, but there was no confirmation of the boundaries and confirmation of the trend change, so the area of 1.271 may become the zero point for the beginning of the correction. The currency pair on the background of fundamentally strong dollar may go down to 1.2664 with the subsequent breakout and fall to 1.257. Overall, the environment is unstable due to high inflation and regulators' decisions. Resistance levels: 1.271, 1.28 Support levels: 1.2664, 1.257 I expect the beginning of correction to the support area, although the bearish channel was broken earlier, but there are no strong bulls in the market yet. Regards R. Linda!
Short
by RLinda
10
GOLD → The mood has shifted to bearish. A correction?FX:XAUUSD is forming a bearish wave, within which it is declining from 2400 to 2350. The price is testing strong support amid the changing sentiment. Within a bullish trend, after testing the high of 2450, the market catches up with a correction wave based on fundamentals. The market is caught by a wave of sell-offs, which can be continued after a pullback and retest of local areas of liquidity. From 2354 we expect a rebound to the above-mentioned areas and further we should follow the price reaction to the liquidity areas. Initial Jobless Claims and Purchasing Managers' Index are ahead. Traders are neutral towards the dollar, but amid the general policy, the dollar index may get support, which may have a peculiar effect on the gold, until the market finds new reasons to rise. Resistance levels: 2374, 2383, 2397 Support levels: 2354, 2336, 2306 Technically and fundamentally the market is still bullish, but a correction is forming within the uptrend, which may take a little longer. Regards R. Linda!
FX:XAUUSD
by RLinda
13
USDCHF → False breakdown gives bullish momentum ↑FX:USDCHF is forming a false breakdown of range support and uptrend, which opens the market to buy potential. CHF is weakening stronger than the dollar and this could support the uptrend. On D1, the price tested the MA-50 ascending average with a false breakdown, as well as a strong support area at 0.900. Liquidity capture and candlestick set-up form the price reversal and bullish momentum, which, from the point of view of trading inside the range, can lead the price to the upper boundary - 0.9216 Resistance levels: 0.910, 0.915, 0.9216 Support levels: 0.9075, 0.900 A break through the nearest zone 0.910 will accelerate the price strengthening. The bullish trend may continue. Regards R. Linda!
Long
by RLinda
9
BITCOIN - Price can bounce down to $65700, exiting from flatHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price broke $62800 level, which coincided with support area, but later started to grow in rising channel. In this channel, BTC in a short time rose to $62800 level, but at once made correction move to support line. Soon, price turned around and made upward impulse, breaking $62800 level, and continued to grow in another rising channel. Later Bitcoin reached $69200 level, which coincided with one more support area, and soon broke this level. Price exited from rising channel and started to trades in flat, where at the moment it continues to trades. So, I think Bitcoin can make small move up and then bounce down to $65700, exiting from flat and breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
6
GOLD → Traders don't know what to do. Struggle for 2417FX:XAUUSD is stopping and forming a consolidation between 2400-2450, but at the moment the consolidation resembles a descending triangle. What's going on? The price breaks the local ascending support line in the correction phase, which makes traders panic (some start selling, others start actively buying). But the candlestick setup suggests that the buyer is still in the game. The market maker may shake down to liquidate traders. A retest of 2407-2400-2397 (ascending support line) is possible before further growth. The trend is bullish ( locally and globally ), while the market is waiting for the FOMC speech, which will be held today at 18:00GMT Resistance levels: 2417, 2426 Support levels: 2406, 2400 FOMC comments may warm up the crowd. Gold traders are in neutral stance for now and forming a range due to lack of understanding of the local environment. Consolidation above 2417 will renew the bullish potential. Regards R. Linda!
FX:XAUUSDLong
by RLinda
23
GOLD → Fighting for levels. When do we go to 2500?FX:XAUUSD is forming a correction to the liquidity area after ATH update. To continue the growth the market needs to get confirmation from the bulls. The price still looks quite confident. A corrective wave is being formed, confirming the end of the impulse bullish wave and the market's readiness to go for a fifth, which in general determines the medium-term prospects for us. The strong support area is the zones: 2417, 2400. Most likely, before further growth, the market may test these liquidity zones, but, a good signal and confirmation of readiness to go up will be the closing and consolidation of the price above 2417 and 2431. Support levels: 2417, 2497, 2397 Resistance levels: 2431, 2437, 2450 Now there is a struggle between traders for strong levels, fundamentally and technically the bulls have the advantage, it is necessary to wait for confirmation on the chart, in order to take some measures for trading. Regards R. Linda!
FX:XAUUSDLong
by RLinda
9
BLURUSDT → Trend break and positive fundamental background BINANCE:BLURUSDT breaks the trend resistance and forms a retest of the upper flat boundary, which will keep the bulls from strong growth for some time. A pullback is possible before further growth The cryptocurrency market is reviving on the back of bitcoin rally as well as Ethereum rally due to positive news. As for BLUR: The coin is breaking resistance, but ahead of it is a strong area 0.4367-7375 - the upper boundary of the pullback or flat, previously there was a strong trend and bears are quite actively defending this zone. A small pullback or consolidation may be formed, the market needs to gather liquidity to overcome this area. Support levels: 0.36 Resistance levels: 0.4367, 0.4375 The market is forming a trend change signal, but we need to wait for its confirmation: consolidation above 0.4367. This may cause a rally to 0.6 - 0.7. Regards R. Linda!
Long
by RLinda
2
GOLD → Are the bulls ready to break through 2430 and go ↑ ? OANDA:XAUUSD on the background of weak dollar and favorable fundamental background realizes the accumulated potential after breaking through resistance. The price is testing the global resistance of 2431. The market is bullish again, which was supported by economic news, mainly related to inflation. Technically, the gold is again interested in strong buyers after the correction phase, which ended at the moment of the beginning of the realization of the bullish pattern, as well as the confirmation of the bulls. In general, this movement can be continued, as the general background is favorable for the gold market In the coming week traders are interested in such news as: - Powell's speech on Monday - FOMC meeting minutes on Tuesday - Initial Jobless Claims on Thursday Resistance levels: 2417, 2431 Support levels: 2400, 2375 Technically, the price may test the ATH on Monday, but a bounce or a false breakdown may be formed afterwards, which will lead to a small correction. A quick retest of 2431 could lead to a breakout and further growth Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
11
GOLD - Price can bounce down from resistance area to $2340Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to grow inside rising channel, where it soon reached support level, which coincided with support area. Soon, XAU broke this level, made retest, and rose to $2285 level, making fake breakout, after which exited from channel also. Next, Gold started to trades inside flat, where it firstly fell to $2420 level, after which started to grow. In a short time, Gold rose to resistance level, which coincided with top part of flat, and tried to break this level, but failed. Now, price continued to trades near this level and I think that price can enter to resistance area and then bounce down to $2340 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
GOLD → The realization phase is taking shape. Target 2450?FX:XAUUSD is strengthening well on the background of weakening dollar index, related to fundamental reasons (news on inflation). Gold's strengthening may continue, but after a correction. Bulls are interested in 2378-2350 area. The main task is to take the defense above the key liquidity and support zones. Confirmation of the end of the correction phase on H4-D1 is forming and the market is moving into the bullish phase, forming a strong realization in the form of distribution. Practically, we should wait for support retest and consolidation above the level with the aim to continue growth towards 2400-2450. Today at 12:30pm Initial Jobless Claims is published, analysts are expecting a decline in the index, which could be a bullish scenario, but actual data above 219K could weaken the dollar, while below it could strengthen. Resistance levels: 2397, 2400 Support levels: 2378, 2352 The local correction phase may be stopped near the key levels, but it all depends on the news, if they confirm the general fundamental background, the gold growth will continue, otherwise, the local correction will drag down to 2350. Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
USDCAD → Weak dollar. Currency pair in the correction phase FX:USDCAD is declining on the back of a weak dollar index and breaking the support of the descending triangle, which generally allows bears to dominate the market. The price may go down to 0.355 The uptrend is not broken, a correction is forming after a retest of resistance. A descending triangle is forming on the chart as the dollar index is starting to show weakness related to the fundamentals. Most likely, from 1.36328 the price may head towards the trend support from which a rebound may follow with high probability. Resistance levels: 1.36328, 1.37 Support levels: 1.3547 I expect the bearish momentum to continue as the sellers are strong at the moment. The global trend is not broken, the market is developing a correction phase. Regards R. Linda!
Short
by RLinda
6
GOLD → Will the bullish sentiment persist after the news?FX:XAUUSD is growing and testing local descending resistance. Growth is associated with the decline in the dollar index on the background of Powell's comments. Ahead of the news on inflation... Technically, on H4 the price overcomes the correction phase and returns to the bullish rut, testing the local maximum. Bulls are focused on consolidation above 2350. If this can be done on the background of the news, 2400-2500 is ahead. Traders are waiting for the inflation report, which may be ambiguous like PPI. A slight weakening of the situation may weaken the dollar, and gold will react appropriately. Resistance levels: 2378, 2400, 2418 Support levels: 2352, 2336, 2328 The mood of traders is bullish, which can generally determine the medium-term outlook for us. But inflation can both strengthen this bullish mood and weaken it. Trade carefully! Regards R. Linda!
FX:XAUUSDLong
by RLinda
11
GOLD → How can the price react to the NEWS on inflation?FX:XAUUSD earlier returned to the range after a false breakdown of resistance. The market is now fading as it is in the waiting phase for Powell's speech as well as the rest of the inflation news. Traders are waiting for PPI ( ECONOMICS:USPPIMM ) today as well as tomorrow's CPI ( ECONOMICS:USIRYY ) . Earlier, the market discussed the interest rate cut as well as inflation, which continues to remain at a rather high level, which does not please the Fed. Traders are expecting inflation to drop from 3.5 to 3.4. This is possible, but it is still very high relative to what Powell, who will also speak today, is expecting. Gold may react strongly to the news as economic factors are unpredictable. It will be necessary to follow the actual data and not to trade before the news. Resistance levels: 2352, 2363, 2378 Support levels: 2328, 2306, 2295 Fundamentally it is still very bad, inflation is high, rate cuts are not expected, in general this scenario lays further strengthening of the dollar. In such a case, gold may continue to correct to the lows. Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
EURUSD → Retest of downtrend resistance amid weak $FX:EURUSD is heading towards trend resistance with interest. This is also supported by the weak dollar, which is standing still. But, the currency pair is still in a bearish trend Buyers are trying to strengthen the euro. On D1 a consolidation format of movement is formed. In this case, the pair may test the trend resistance, but it will be difficult to break it the first time, because the dollar will continue to rise in price for some time due to the actions of regulators, which will affect the euro. Resistance levels: 1.0802, 1.0864 Support levels: 1.0736, 1.0703 At the moment there is a probability of a retest of the resistance area, but the bears can give strong resistance to the buyers' interests, which in general can be reflected as a pullback from the upper boundary of the trend. Regards R. Linda!
Short
by RLinda
9
ETHEREUM - Price can start to grow from support level in flatHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to resistance level, which coincided with resistance area. Then price broke this level and rose to resistance line of channel, after which it bounced and started to decline. In a short time, ETH declined to support line of channel, breaking $3105 level again, and soon exited from rising channel too. After this, price started to trades inside flat, where it some time traded near top part but later declined to support level. Ethereum some time traded close to this level and then bounced up, but a not long time ago it fell back. So, I think ETH can decline to support level and then bounce up to $3025 inside flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
GOLD → Price moves back into range. Waiting for a test of 2328FX:XAUUSD returns to the range after a false breakdown of the liquidity zone. A strong sell-off phase is forming and price is heading towards a key support and liquidity area. On local timeframes, reversal patterns cause price to test downside resistance and confirm its presence. False breakout provokes sell-offs towards 2328, this area is key for traders. The market maker is interested in a retest of the liquidity zone, relative to which a false breakout and growth towards range resistance can take place. In general, the market is still neutral-negative in the local perspective, accordingly, it is acceptable to consider both buying and selling intraday. Resistance levels: 2352, 2378 Support levels: 2328, 2306 The correction will end only after breaking through the descending resistance (area 2365-2370), but at the moment the market is still in the correction phase, which is developing within the 4 wave. Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
BNBUSDT - Prise can make small move up and then start to fallHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price reached support level, which coincided with support zone, and then at once bounced down. Also, price started to trades inside wedge, where it made soon upward impulse from support line to $581 level. Next, price broke this level and continued to move up to resistance line of wedge, after this it bounced down. Price declined to support area, after which made upward move and started to trades inside flat, exiting from wedge as well. In flat, BNB broke support line and later declined to support level, after which started to move up. In my mind, Binance Coin can rise a little more and then start to decline to $581 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
GOLD → The bulls are back, the market is recovering. Is it 2400?FX:XAUUSD is testing 2378. For two weeks traders fought for the 2300 area and the bulls won. Favorable fundamental background and technical prerequisites played into our hands. Earlier we discussed with you the formation of the correction and the formation of the bullish pattern "descending wedge". The breakout of the resistance of the wedge confirmed the end of the correction, after fixing the price above 2300 the market allowed us to get an impulse of almost 700 pips and test the area of 2378. At the moment the market is still bullish. The favorable fundamental and technical background, together with the fall of the dollar index continues to motivate buyers. After updating the local high of 2378, a stop and correction is formed. The price may reach 2350-2340 before continuing its way up. Resistance levels: 2378, 2400, 2417, 2431 Support levels: 2350, 2340, 2327, 2316 2350 plays an important role as it divides the chart into bullish and bearish area. A false breakout is possible, but in general we should watch the price reaction to the liquidity area. Also, the zone of 0.382 and 0.5 Fibo is important. The market is bullish and it is worth prioritizing long positions Regards R. Linda!
FX:XAUUSDLong
by RLinda
12