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A-flat

GOLD → Strong bears have come in. price is making new lows NCDEX:GOLD after NFP is updating 2-week low and preparing to decline further as fundamentally, we notice a reversal of market sentiment. On D1 the TVC:DXY is forming a reversal setup and another retest of the key level. Against the backdrop of positive NFP, the index could strengthen quite strongly within the medium-term outlook. In the COMEX:GC1! market, there is still a huge market imbalance in favor of buyers, whose number began to increase since the beginning of the conflict in the Middle East. A final break of the 1994 support and further price decline towards 1984 is expected in the near future. But before that the market may test the local highs (resistance). Moving averages indicate a strong bearish trend. Resistance levels: 2000, 2004, 2007 Support levels: 1991, 1984, 1965 Fundamentally and technically gold is going down. There is no strong news today, but the market may test the nearest resistance to capture liquidity before falling further. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
17
BTCUSD → How fast will the BITCOIN reach 50K and then what?COINBASE:BTCUSD continues to rally. At a time when many were waiting for a correction from 40K, the flagship is strengthening to the next level and preparing for a further breakout. Fundamentally, bitcoin is backed by quite strong factors. Basically, the entire surge of interest is triggered by the influx of applications for the spot BTC-ETF. With each passing day, the market is getting signals of further strengthening fundamentals, both in terms of the underlying fundamentals and by getting closer to the date when the SEC will make a decisive move: U.S. regulators are becoming more loyal to ETF approval SEC and funds are moving on to key technical details in the discussion The expected Fed rate cuts are also favorable to flagging capital inflows based on fundamental fundamentals. capital inflows based on fundamentals. etc. BTC is currently forming a local level of 44490 . False breakdown does not lead to a strong fall, the coin continues to form a pre-breakdown consolidation. Another retest of resistance will lead to a breakout and further growth towards the upper boundary of the range. Based on the clusters, in BTC , an important resistance area is located around the $ 47360 level, while the 37K level is an area of significant support. From a technical perspective, strong support is at 38K and the key resistance delimiting this range is 48.2K . It is worth paying attention to the local resistance zone at 44500 . The price temporarily stops in front of the level, but the potential is still strong enough to continue rising. A breakout and consolidation above the level will give good bullish leverage. Support levels: 42900, 20600 Resistance levels: 44500, 48234, 51000 Technically and fundamentally bitcoin shows excellent bullish potential. Therefore, we expect the growth to continue after the breakthrough of the mentioned level. And the approval of BTC-ETF dispute requests will give an inflow of huge potential and capital into the crypto market. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
18
GOLD → NFP ahead. Will the sell-off continue? OANDA:XAUUSD continues to form a local bearish channel after updating the high to 2150 and strong sell-offs to the current area. There is still a huge imbalance in the market and the price could go even lower to settle the situation. NFP could perfectly develop the expected scenario I have been telling you about since the sell-off. Expect the data at 13:30 GMT. The Initial Jobless Claims report was released yesterday with positive data for the dollar. This could be a hint that NFP will hit the planned 180K , maybe more , instead of the last 150K . More bullish data relative to expected data will shake up the market. The dollar may strengthen, which will have a positive impact on gold. Gold made a false breakout of 2038 resistance and bearish channel and continues to trade within the downside range. The target support levels are a potential target. But before the news, volatility will be very sluggish. The market is saving the potential for realization. Support levels: 2027, 2025, 2022, 2007 Resistance levels: 2033, 2035, 2038 News can be unpredictable, try to trade carefully before the news. We are expecting a more positive NFP , a rising dollar and gold falling to the previously mentioned targets, but anything can happen OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
45
GOLD - Price can make correction and then bounce to $2050Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price bounced from support line and rose to $1995 support level, which coincided with support area. In a short time price broke this level and then corrected, after which it bounced up to resistance area. But at once Gold declined below, and then it made strong upward impulse to $2145 points, breaking $2050 level. Later price fell to this level, broke it, and then support line too, after this Gold started to trades inside flat. Inside flat price declined to support area, where it continues to trades to this days and I think that Gold can correct. After correction price can start to move up to $2050 resistance level, which coincides with top part of flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
8
EURUSD → Bullish NFP figures for USD may drop EURFX:EURUSD is declining and testing the local minimum on the background of strengthening of the dollar. The price is retesting MA-200 , which only increases the chances of further decline. Today, at 13:30 GMT we will meet the NFP data, to which the market reacts quite strongly. In general, analysts expect an improvement for the dollar, as 180K is expected relative to the previous 150K . After the publication of yesterday's Initial Jobless Claims, the reality is closer that the market could see NFP 180K , if not more, as the overall market situation is improving and the fundamentals support this. EURUSD may react with a fall to the possible strengthening of the dollar, but before the fall the price may test a local high, for example 1.08170. Overall, the chart clearly shows the approximate potential. A false breakdown of resistance of the ascending channel opens the possibility to see a sell-off towards trend support. Support levels: 1.0760 Resistance levels: 1.0800, 1.08170, channel resistance In general, bullish news is expected for the US market, which may weaken the euro and the currency pair may fall. But this is news and no one knows in advance what can happen, we only try to see the scenario with a higher chance of realization FX:EURUSD TVC:EXY TVC:DXY Regards R. Linda!
Short
by RLinda
4
ADAUSDT → Cup with Handle before distribution BINANCE:ADAUSDT is forming a breakout of the key pattern resistance, but we have not seen a corresponding reaction yet. The price is updating the 6-month high, but we did not wait for the distribution. Hopes are fueled by the formation of the "Cup with handle" pattern and the Golden Cross of MA200 & MA50 A reversal pattern "Cup with handle" is forming in relation to the limit resistance area at 0.3807. A false break of resistance forms a correction and consolidation near the key area, which peculiarly reminds us of the key pattern Fundamentally, the cryptocurrency market is mainly waiting for results regarding ETF applications that the SEC is reluctant to review. Approval of applications for spot ETFs will greatly increase the inflow of funds and market capitalization On the chart, the support at 0.3529 - 0.3500 is important for us. Within the framework of the forming pattern and correction, the price may test this area with a false breakout, which will begin to form a bullish potential, because according to statistics, the strongest movements occur after a false breakout. Resistance levels: 0.3807, 0.3850 Support levels: 0.3529, 0.3490 I expect a support retest before distribution. A strong impulse can start after the breakout of the locational downside resistance of the pattern "Cup with handle" CRYPTOCAP:TOTAL COINBASE:BTCUSD Regards R. Linda!
Long
by RLinda
7
JASMY → Consolidation may move into distribution BINANCE:JASMYUSDT is moving to the phase of realization of accumulated potential. On the background of signal from moving averages the market before resistance forms pre-breakdown consolidation. As a result - breakout of the global trend resistance. If you pay attention to the COINBASE:BTCUSD chart, the CRYPTOCAP:TOTAL chart (Total Cryptocurrency Market Capitalization), you can see that against the background of the general crypto hype JASMY is quite inferior to the leading assets. At the moment, the coin is entering the phase of realization of the accumulated potential and against the background of a rather large gap, the coin can show a good, let's say "low start" and form a huge momentum. At the moment our task is to wait for the price to consolidate above the previously broken channel resistance. Consolidation and forging of the bullish potential above 0.0060 will open us the opportunity to enter the market from a relatively safe position. Moving averages are supporting the market. Support levels: 0.0060, 0.005025 Resistance levels: 0.006575, 0.00796 The market is beginning to show prerequisites for bullish dynamics. Price consolidation in the new range will give us a good potential. Regards R. Linda!
Long
by RLinda
6
GOLD → The bears are moving towards imbalance OANDA:XAUUSD continues to update lows, testing new zones, but at the same time, as part of the correction, the price confirms the boundaries of the forming descending price channel. On D1 it is obvious that the decline in gold will continue, as there is still a huge imbalance at the expense of buyers. At the moment we are interested in the support area of 2022, which may be broken after another retest. In this case the decline will continue to 2009 and then to 1984. The Dollar Index is forming a correction, but even if the decline starts, gold may not react to the dollar and will continue to move towards its targets. On the chart we see a bearish channel, a bounce from resistance and another retest of support, the sellers are strong at the moment. At the same time the market is waiting for the news at 13:15 ADP Nonfarm EC, don't miss it, but before the news reduce the risks. Support levels: 2022, 2010, 2007 Resistance levels: 2035 I expect the continuation of the descending channel formation, in this case, the support may be broken soon and the price will head towards the mentioned target TVC:DXY OANDA:XAUUSD COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
15
BITCOIN - After strong movement up, price can make correctionHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price reached support level, which coincided with support area, broke it, and started to rise in flat also. After this movement, BTC corrected to support area, where it at once bounced and in a short time rose to top part of flat. Then Bitcoin reapeted movement down and reached support line, after which it started to move up near this line. Later price exited from flat and then rose until to one more support level, which coincided with support area. Soon, BTC broke $41250 support level and rose higher, but a not long time ago it started to decline. So, I think that Bitcoin can continue to decline to $41250 support level, which coincided with support area too. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
6
ETHEREUM - Price can continue to grow to $2330 in rising channelHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Recently price bounced from $2000 level, which coincided with support area, but soon it around down and started to fall. Ethereum declined below $2000 level, and then made upward impulse back, and also started to trades inside flat. In flat price rose to $2125 level, and then started to fall to $2000 level, after which ETH bounced up and later exited from flat. Then price started to move up in rising channel, where it rose until to resistance line of channel, breaking $2125 level. But a few time ago, price bounced from resistance line and fell to support line of channel, where it continues to trades now. Possibly Ethereum can correct to support line again and then bounce up to $2330 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
GOLD → Global Highs Update. What's next?OANDA:XAUUSD , on the back of the residual potential from last week, is forming a rally from the opening session and testing a new global high of 2150, after which we saw the strongest sell-off. Yesterday we looked at what could happen in gold. But no one expected an update of the highs to 2150. In any case a conglomeration of factors is important for us: Retest of global range resistance (W1, M1) Area 2069-2070. Huge sell-off after the retest of 2150. The market sold off all the upside. Distribution since early November. No potential, no energy and no volume. Update high was on no volume, on the back of hyped up price (pure market manipulation) Most likely, after the market calms down after this burst of activity, price will start testing the 2070-2069 area. I still stick to my scenario - false breakdown and further correction. Key level: 2069.8 - 2070. Support levels: 2059.65, 2049,6, 2035.3 It is important to wait for the market to calm down. A calm market may show a clearer picture for further prospects. We are waiting for a correction. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
34
EURUSD → A retest of support will show further potential FX:EURUSD is forming a correction phase, within which it aims to test the support of the forming range. There are key nuances that suggest a further bullish trend, but there are also those that hint at a possible medium-term decline. The market is laying further TVC:DXY weakness amid interest rate cuts from the Fed. EURUSD is currently in correction on the background of bullish trend. Key support area: 1.0840-1.0830. The market is likely to test this area in the format of a false breakdown, as there is a strong support zone in this area. Consolidation above this area will give a potential for buying. It is also worth paying attention to the fact that below the support is MA-200, which can also favorably affect the market recovery. But, on D1 the market is not reacting to the previously formed false support breakout. If the price continues to form a squeeze to the support at 1.0844 - 1.0830, we should expect a breakout attempt with a phase of further decline to 1.08 - 1.07. Support levels: 1.0844, 1.0830, 1.0777 Resistance levels: 1.08875, 1.0965 A retest of the support area will show further potential. False breakout will give the opportunity to buy, and the breakout and consolidation of the price below the area will return the price to the channel. Regards R. Linda!
Long
by RLinda
17
EURO - Price can fall to support level and try to break itHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price bounced from $1.0760 level, which coincided with support area, and started to fall in falling channel. In channel, Euro made two fake breakout, first of resistance line and second of $1.0490 support level, after which it started to rise. Then price exited from channel and started to trades in flat, where it some time traded and reached support line. After this, Euro made strong upward impulse to $1.1020 points, thereby breaking $1.0760 level and exiting from flat. But recently Euro made downward impulse below support line, breaking it. In my mind, price can fall to $1.0760 level, make a little movement up, and then decline to $1.0620, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
GOLD - After exiting from rising channel, price can start fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to flat, where it first declined below support area, but at once backed up, making fake breakout. Next, Gold a little rose and then in a short time fell lower support area again, thereby exiting from flat and breaking $1975 After this, price started to grow in rising channel, where it rose higher than $1975 level, breaking it again and making retest. Then Gold continued to move up to $2040 level, which coincided with support area and soon broke it. As well recently, price bounced from this level and exited from channel, where it continued to trades near resistance line. In my mind, Gold can make a little movement up and then start to fall to $2040 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
GOLD → Price in range, correction may go lower OANDA:XAUUSD is forming another range of 2050 - 2038. Retest of resistance failed to renew the maximum, thus the market may begin to form a correction to support. The TVC:DXY has been strengthening since yesterday on the back of positive US GDP data. The expectation was 4.9, the actual data: 5.2, which is positive for the dollar. But the controversial situation here is that a more positive GDP has a greater impact not on the pricing of the dollar, but on the Fed's stance. Hence, with bullish data, Powell is getting closer to initiating policy easing and rate cuts. Since gold is in a range and already testing the support at 2038, it seems that the correction phase can be stopped either at this level or test areas lower, for example: 0.382 fibo, 2035, 0.5 fibo or global trend support. A strong rally ends with a correction and it is hard to say where this correction will stop. Support levels: 2037.7, 2035, 2030, 2022 Resistance levels: 2050, 2052, 2059 There are important news today, it is worth paying attention to the Initial Jobless Claims, even relatively good news for the dollar (related to inflation) can weaken its price, as the market is waiting for news related to monetary policy. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
34
GBPUSD → False breakdown leads to correction before retest FX:GBPUSD reaches the previously mentioned target of 1.2726, a false breakdown of the liquidity area is formed and apparently a correction will be formed before the retest. The TVC:DXY opens with a small counter-trend correction from the opening, which has a corresponding effect on the Forex market. In all probability, the index will test the previously broken resistance: 102.77, 103.06. The outlook is bearish. The pound sterlnigov will form a small correction after a false breakdown of resistance. The nearest support that can be tested before is in the area of 1.2640 - 1.2620. Today the market expects the publication of the US GDP, in November the index rose to 4.9% against 2.1 in the previous period. Analysts expect that the index may remain unchanged at 4.9. This is the broadest indicator of economic activity and the main indicator of the state of the economy, so this fundamental factor will have a medium and long-term impact on the market. Support levels: 1.2640, 1.2620, 1.2560 Resistance levels: 1.2726 I expect correction after a false breakdown. Retest of the support may form another bullish potential before further growth. Regards R. Linda!
Long
by RLinda
4
USDJPY → JPY strengthening. What is the importance of 149.7?FX:USDJPY is testing resistance ( old support ) on the background of correction and trend change and is apparently preparing for further decline, following the TVC:DXY , which is also weakening on the background of fundamental policy. On D1 we see the global high renewal, but against the background of the dollar index weakening after a long strengthening and the introduction of measures to combat the weak Yen, the Japanese authorities get a small, but the result - the national currency rate strengthens for almost 10 days in a row. From the point of view of technical analysis: on D1 a double top is formed and the extreme bullish maneuver ends in the zone of 151.72, after which the market enters the correction phase. On the background of retest (bounce), the price is testing one of the strong levels: 149.7. The market feels a strong limit zone at 0.5 Fibo, which it cannot break through and opens the session of the new trading week with a slight decline. Further decline may continue either from 0.5 fibo (rebound) or at the breakout of 0.382 fibo. The market is bearish, as evidenced by the crossover of moving averages. Resistance levels: 0.5 fibo, 149.7, 150.0. Support levels: 0.382 fibo, 148.8. I expect further decline. It can happen either on a bounce from 0.5 fibo (149.7) or on a breakout and price consolidation below 0.382 fibo. Further targets: 148, 147, 146. Regards R. Linda!
Short
by RLinda
14
GOLD → Retest of previously broken support is possible OANDA:XAUUSD has been forging a bullish momentum since the opening of the session and updated its global highs to $2018. The market under the pressure of increased interest, weak dollar and fundamental factor is likely to continue its growth. In the next few days, no important news that could change the situation is expected, therefore, the favorable fundamental background that supports the market may push the price even higher. If we look at the TVC:DXY , the dollar has room to fall, as the dollar has not reached its target yet and it is still a long way away. Gold is moving out of the range and the resistance at 2010 is now a support. There is a high probability that the price can still test this support area before rising further. The moving averages are supporting the bull market and the price is going to reach one of the important targets: 2022 Support levels: 2010, 2004 Resistance levels: 2018, 2022 I expect that the local momentum may pause to retest the support. The market may head towards the nearest level from below for a retest before rising further. Targets are indicated on the chart. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
16
Binance Coin can exit from triangle and then fall to 225 levelHello traders, I want share with you my opinion about Biance Coin. By observing the chart, we can see that the price some days ago started to trades in a big range, where it first made a correction to 237 current resistance level. After this, the price rebounded and rose to the top part of the range, which coincided with the 256 resistance level and seller zone, but at once fell back. Then BNB some time traded near the 237 level and later made a strong upward impulse higher than the 256 level with the seller zone. Also price exited from range, and then it entered to triangle, in which it started to decline and in a short time fell until to support line, thereby breaking the 256 and 237 levels. After this movement, BNB rebounded from the support line of the triangle and tied to back up, but failed and now it trades near the resistance area. Possibly, Binance Coin can enter to resistance area, thereby exiting from the triangle and then the price starts to decline. So, I set my target at the 225 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
GOLD → A weakening dollar boosts the XAUOANDA:XAUUSD gained +1.1% over the past week. The market is quite strong and the end of the trading week shows a bullish mood and several indications that the growth may continue as the asset has not reached its target yet. The week ahead is full of important fundamental aspects. On Wednesday, Thursday and Friday important news will be released, here are the ones to pay attention to: - GDP (QoQ - CPI, Core PCE, Initial Jobless Claims - ISM Manifacturing, Fed Chair Powell Speaks The trend seems to be shifting towards inflation improving, the dollar is easing a bit, but the Fed will not cut rates yet, Powell will not make a major move at this stage when there is no fundamental anchoring yet and the market is just showing a reaction. The TVC:DXY on W1 is in a range, after a false breakdown of resistance the asset is heading towards support, the fundamentals support this decline. Gold on the other hand in its case is headed for a test of its range, the key level at the moment is 2010. Earlier, the price consolidated above the key support 1984, against which there was a struggle for several weeks, and also, the micro rally is triggered by the consolidation above 1993. The market is strong and on the background of the bullish trend is actively capturing important resistance levels. From the beginning of the opening trading session the local resistance at 2003.6 plays an important role, if this area is broken, the price will head towards 2010, then we should expect the price reaction to this area. The market is in the phase of realization of the bullish potential after the formation of a reversal set-up, bounce from the global trend support and false breakdown of MA200. The breakout of 2010, test of 2025 - 2048 may become the target of such realization. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
23
GBPUSD → Waiting for a breakthrough of 1.2560FX:GBPUSD after breaking the resistance of the ascending channel leads to a retest of the line in the format of a false breakout, indicating that the market is ready to continue its growth. The TVC:DXY forms a false breakout of resistance and on the peculiar fundamental background opens Friday with a slight fall, which appropriately affects the strengthening of the Pound Sterling. There is an important resistance level for the currency pair on D1: 1.2559 - 1.2560. The price is slowly and confidently approaching this area after a small pullback, which forms the third retest. The probability of resistance breakout increases with each test. The chance of this is also increased by the exit from the previously formed channel and the formation of pre-breakout consolidation near the key resistance. The strategy is simple: the breakthrough of resistance will be and price fixation on M5-M15 above the level will open the possibility to enter the market. (Or on a pullback (after the breakout) and on a test of 1.2560 as support. Resistance levels: 1.2560 Support levels: 1.2525, 1.25000 I expect that the next retest of the mentioned resistance will lead to the expected breakout with the subsequent price growth towards 1.2726. Regards R. Linda!
Long
by RLinda
8
EURO - Price can rise a little more and then start to declineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to trades in rising channel, where it first broke $1.0600 support level and fell below support area. Soon price backed up and even rose to resistance line of channel, breaking $1.0600 level again. But then Euro fell back, some time traded below this level, and then made strong upward impulse to resistance level. Thereby price exited from channel and later it broke $1.0860 level, which coincided with support area. Also, Euro started to trades in flat, where it continues to trades to this day and I think that price can reach top part of flat. After this, price can start to decline to $1.0830 support area, thereby breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1