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🥇GOLD - Target 1900. Possible pullback from resistance GOLD is actively strengthening. At the moment the cost is 1890 and this is not the limit for today's session. We are interested in the mentioned resistance, will gold be able to reach it? TA on the high timeframe: 1) Both gold and the dollar are strengthening, but how long will this tandem be accompanied by an overall direction? 2) There is no important news today, but gold is supported by the fundamentals and will continue to rise further TA on the low timeframe: 1) Price has updated the high from 1885 to 1890. Target 1901 2) A pullback from 1900 is likely to follow before further upside. 3) Our task is to find strong support levels so that it is safe for SL to buy. Key resistance📈: 1901 Key support📉: 1885, 1877
OANDA:XAUUSDLong
by Gold-Tech
20
GOLD → The market is targeting 0.618 fibo ($1895) OANDA:XAUUSD is entering the empty range from 1885 to 1915. The only level the market will still be able to interact with, before reaching the 1915 target, is in the 1895 area - a strong liquidity area Today we see a break of the resistance at 1885 after a small retest. A momentum is formed, which tells us about a further target in the form of 1895 resistance, formed back in June 2023. It is worth paying attention to this area, because here is also 0.618 Fibo, which is an important level for the market. Since there are no important areas of resistance and liquidity in the whole range of 1885 - 1915 except this zone, it is here that some struggle on the market may take place and a correction to the support may be formed before further growth. The market now has a strong fundamental component (economic news, crisis and war) - all this increases the interest to the metal, but it should be understood that the market cannot grow all the time, sometimes it will fall (correction). SMA 1H - strong support, and 4H - MA-200 will be tested in the medium term (in the area of 0.618 fibo) Support levels: 1885 Resistance levels: 1895, local ascending line, SMA200 I expect continuation of growth to the mentioned resistance area from which a correction to support may follow before further growth to 1915 OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! CAPITALCOM:US500 TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
26
EURCAD → A symmetrical triangle can be broken through FX:EURCAD is in consolidation of the "symmetrical triangle" format. When one or another line (resistance or support) is broken, an impulse may be formed This pattern, indicated on the chart, does not have a clear further direction, as it is a consolidation and the price breakout of one of the borders of the figure will determine for us the further direction in the short term. Earlier the resistance of the descending channel was broken, most likely, the imbalance, which the market maker seeks to eliminate, is above the zone 1.4663, but before further growth the market should form a consolidation. Support at 1.4369 or 1.424 may be tested before rising. If the price breaks the resistance at 1.446 soon, further movement will become obvious. Moving averages are pointing to a near-term burst of activity. Support levels: 1.4369 Resistance levels: 1.446 In the long term, I expect growth. But, before the growth there may be a local fall and support retest. A breakthrough of 1.446 will be a buy signal. A breakout of 1.4369 will be a sell signal. Regards R. Linda!
Long
by RLinda
10
GOLD → Strong bullish trend feels no resistance OANDA:XAUUSD does not react to the nuances of technical analysis and is actively growing. But, the growth is accompanied by a consolidation moment, which can become a lever for further rsot. Even against the background of the trend, the price is able to accumulate potential The breakthrough of resistance 1877.6 is formed and the price aspires to the important level for the medium-term perspective - 1885. Most likely, with the current fundamental features, the level will be broken in the near future, but before that a correction or a retest of the support before further growth may follow. There are a number of important news for the US market today. Worth paying attention to: Core CPI, CPI, Initial Jobless Claims. Lately there is more news about inflation stabilization, but it is not enough for the medium and long term. In any case, this is more positive news for the market. For gold, this is a positive nuance as the TVC:DXY will continue on a localized downward course Resistance levels: 1885, rising line Support levels: 1878.6, 1877,6, 1872.7 In the long term, I expect a correction from 1885 and the formation of a retest back to the level for further breakout of the resistance zone COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:GC1! CAPITALCOM:US500 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
25
🥇GOLD - The bull market is ready to strengthen further GOLD continues its upward path. The price breaks through 1877 and consolidates above the level, which gives the market new upside potential to 1900 TA on the high timeframe: 1) The dollar index is in a falling phase, which gives gold upside potential 2) Gold failed to reach an important target and thus will continue its rise TA on low timeframe: 1) Breakout of 1877 and consolidation above the level gives us a signal 2) Potential for a new high is forming. 3) I am waiting for growth and reaching 1900 in the medium term. Key support📉: 1877 Key resistance📈: 1885, 1890, 1900
OANDA:XAUUSDLong
by Gold-Tech
16
🥇GOLD - Range resistance is the target Gold updates the high to 1874. Yesterday I pointed out the bullish pattern - the market is in the realization phase and gives us a 150pips rise, but we haven't reached the target yet TA on the high timeframe: 1) Strong bullish trend continues. Against the background of the crisis in the world, the interest in gold is only increasing 2) The medium-term target has not been reached yet. The growth will continue TA on the low timeframe: 1) A small pullback may follow before jumping to 1877.7. 2) After reaching 1877.7, I expect a false breakdown followed by a decline, most likely to the support of the mentioned range - 1857. 3) Short-term target is 1877, then 1857. And what will happen next, we will follow the price reaction to these zones. Key resistance📈: 1877.7 Key support📉: 1866, 1857
OANDA:XAUUSDLong
by Gold-Tech
3
💱USDJPY - Symmetrical triangle may continue the price growth USDJPY is forming a pre-breakdown consolidation in the format of a symmetrical triangle. If the resistance of the figure is broken, the price will fly to 149.65 TA on the high timeframe: 1) Strong bullish trend 2) A bullish reaction to the trend support will be formed TA on the low timeframe: 1) Symmetrical triangle - consolidation of potential before its realization 2) on the background of the bullish trend resistance 148.9 may be broken soon, which will form an impulse and further growth to 149.65. 3) I expect growth and continuation of the uptrend Key support📉: 148.6 Key resistance📈: triangle line, 148.9
Long
by Gold-Tech
1
GOLD → The market is aimed at resistance retest OANDA:XAUUSD enters the 1857-1877 range, consolidates above the support and makes a new jump. Yesterday I talked about strong fundamentals, relative to technical analysis and what we see is a breakout of said resistance. Today PPI - one of the inflation indicators is published and at 18:00 GMT FOMC Meeting Minutes - most likely the information trend of previous periods will be preserved. At the same time TVC:DXY is in the phase of correction to the support area, the publication of bullish news for the dollar may resume further growth of the index, which will partly affect the gold. In the nearest future the market may test the resistance of 1877, after which the price may roll back to the support. In the long term, the market may trade inside the sideways range to determine the further scenario, but it should be understood that gold is bought up during the war. In the absence of further escalation of the conflict, the price may decline, but not significantly: the longer-term factor - expectations of the end of the Fed rate hike cycle - is also having an impact. Resistance levels: 1874, 1877.5 Support levels: 1857.7 In the future, I expect a retest of resistance and subsequent rebound with further forging of the sideways range OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD TVC:DXY CAPITALCOM:US500 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
47
USDJPY → A retest of trend support. What could go wrong?FX:USDJPY is forming a correction to trend support amid the corrective movement of DXY (Dollar Index). Logically, on an uptrend, support should push price up, but what could go wrong? On the daily timeframe TVC:DXY is forming a correction to an important support, the reaction could be bullish, thus USDJPY will start to form a rise to resistance. At the moment the fundamental part is quite complicated, with the Fed's tough stance, the dollar is forming a correction under the influence of other levers. So, we will start from the technical analysis. The currency pair is heading towards the uptrend support, consolidation near this area is confusing and increases the chances of further support breakout. A sell signal (counter-trend strategy) will be the consolidation of the price below the uptrend support line, after its breakout. And the buy signal (trend strategy) will be a false break of the support line. Resistance levels: 148.9 Support levels: 148,46 The situation is complicated by the fundamentals. From a technical point of view, the price can form a trend growth, but we need to wait for a signal. The setup may break, and in this case the target will be 147.38. Watch the reaction of DXY and USDJPY price to the trend support. Regards R. Linda!
Long
by RLinda
16
🥇GOLD - A reversal pattern. Key level 1857GOLD is forming a reversal pattern that changes the local trend. At the moment, for the market to continue the growth scenario, we are interested in the level of 1857.7. If gold can hold this level, we will see the realization of the pattern and growth to 1877 and to 1901. TA on the high timeframe: 1) Price inside the range 1875 - 1815. But resistance has not been reached yet. 1875 area is the actual target at the moment 2) A strong pullback is being formed, the target of which may be the area of 1885-1890. TA on low timeframe: 1) A reversal pattern " Cup with a handle" is being formed. Exit beyond the resistance of the local consolidation will give us growth and realization of the setup. 2) Flat support retest of 1857 is forming. 3) I am waiting for price consolidation above. It is necessary to confirm that the market is ready for growth. Key support📉: 1855-1854, 1845 Key resistance📈: 1866, 1873, 1877
OANDA:XAUUSDLong
by Gold-Tech
14
💱GBPUSD - The market is preparing for a resistance breakout GBPUSD is forming a breakout of local resistance and a retest of the key resistance. A technical pullback may be formed, but the market is ready for growth. We expect a breakout of 1.2269 and growth to the far frontier TA on the high timeframe: 1) On D1, the market is overcoming the resistance at 1.22246, thus breaking through the base of the reversal set-up and forming pattern realization. 2) On H4 another resistance retest is formed a few days later. High chance of a breakout TA on the low timeframe: 1) A triangular consolidation is formed within the local ascending channel 2) Price breaks the consolidation resistance 3) The level may be broken on retest of the key resistance. There will be a potential for growth Key resistance📈: 1.2269 Key support📉: 1.2215
Long
by Gold-Tech
11
🥇GOLD - The market may strengthen the price GOLD has been rising since the opening. The reason is the conflict in the Middle East and the fundamental factors of last week. Consolidation is forming and most likely the price may test the support before further growth. TA on the timeframe: 1) The reason for the rise today is the geopolitical factor. And as we know, in all crisis situations there is a growing interest in gold. 2) False breakout of strong 0.5 fibo level. FB may be followed by strong growth TA on the low timeframe: 1) Price is consolidating in a narrow range. Most likely a strong impulse may be followed by a retest of 0.5 fibo support 2) At the moment people still do not know what to do and are preparing to buy gold, but before further growth the market can fool the player and take out stoplosses, which are below 1846. 3) waiting for a rise to 1878 Key support📉: 1846, 1840 Key resistance📈: 1853
OANDA:XAUUSDLong
by Gold-Tech
20
💱NZDUSD - A retest of 0.59852 could break the level NZDUSD is approaching resistance within consolidation. After a false breakdown a signal is formed that the level may be broken on retest. Target 0.60500 TA on high timeframe: 1) We do not see a fall after the support breakout 2) Buyers are holding back the price and may return to the global range 3) market is interested in 0.60500 area due to imbalance TA on the low timeframe: 1) A retest of 0.60438 is forming 2) If the level is broken, an impulse may be formed. 3) I am waiting for the breakout and growth to 0.60500. Key resistance📈: 0.59852 Key support📉: 0.59600
Long
by Gold-Tech
6
XTZUSDT → Breaking resistance, entering a new rangeBINANCE:XTZUSDT tried to break the support at 0.708 and let the price go lower, but at some point the market held the area, forming a local bottom. After a false break of support, the price breaks consolidation resistance At the moment the market is testing the possibility of transition from the consolidation phase to the phase of realization of the accumulated potential, which can be accompanied by distributive growth. The price fixing above 0.708 level will confirm the entry into the range (new corridor) and in this case Tezos/TetherUS will open for itself the way to the setup resistance. The 3-4 month accumulation in the coin can give us a pretty good medium-term potential, within which the market can hit targets such as: 0.921 and 1.259. The price is breaking MA-50 and aims to test MA-200. Support levels: 0.708, 0.633 Resistance levels: 0.742, 0.921 In the long term, I expect the bulls to consolidate the market above 0.708 and form a distribution towards 0.921 Regards R. Linda!
Long
by RLinda
10
GOLD → New reasons for price movementOANDA:XAUUSD has been forming a small gap since the opening of the session (the situation may differ at different brokers) and essentially continues the move from Friday's fundamental leverage There was quite a lot of news over the past weekend, including a serious conflict in the middle east. Adding to the bullish narrative in the TVC:DXY is another geopolitical factor, the reaction can be seen in the chart below left. The gold market has continued to rally since Friday, but surprisingly following the USD, but there is a reason for this. Since gold, according to most people, is the ideal defense against international instability, the geopolitical factor can raise the prices of this asset, in addition, gold is at favorable levels for buying (not to be confused with short-term trading). From the technical point of view we are interested in the area of 1857 - 1846. The market is forming a consolidation before moving in one direction or another. The price is squeezed between the broken MA-200 and the descending resistance. A breakout of one of the boundaries will provide momentum. (The trading strategy can develop according to two scenarios: resistance breakout or false breakout) Support levels: 1846.3 Resistance levels: 1857.7 The descending resistance line and 1857.7 level will be important for buying. 1846.3 level will be important for selling. Consolidation above or below these levels will form the potential for a move in one direction or the other OANDA:XAUUSD OANDA:XAGUSD COMEX_MINI:MGC1! COMEX:SI1! COMEX:GC1! TVC:DXY CAPITALCOM:US500 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
26
GBPJPY → Bearish reaction to trend resistance FX:GBPJPY is forming a retest of the descending channel resistance, forming a post facto logical reaction to the mentioned zone. At the moment, the downtrend is playing a relevant role Fundamentally, we are living a very unstable time. Geopolitics has been sounding too much lately. Fund after a small bullish correction gives signals to further weakening on the background of strengthening of the TVC:DXY , which also negatively affects the currency pair analyzed by us. The rebound from the resistance zone is formed and the price returns under the level of 181.96. Consolidation of the price below this area will form a bearish potential, which can quickly bring the price down to 179.46 or 177.4. Bears are showing strength at the moment. The price is between the moving averages, consolidation may last for some time, but in the long term continue the realization of the previously formed bearish signal. Support levels: 180.9, 179,46 Resistance levels: 181.96 In the long term, I expect the rate to continue to decline towards these targets. Regards R. Linda!
Short
by RLinda
16
GOLD → Bounce off support. How long will it last?OANDA:XAUUSD forms a false breakout of support late Friday, after which the market buys out the entire decline and forms an almost bullish takeover, closing Friday above Monday's close and the entire weekly consolidation The euphoria from the NFP (negative news for the dollar), may not last that long, and after a small technical correction, the main movement may continue. There are several reasons for this. The main fundamental background for the dollar index is bullish, Powell (FED) is not going to lose momentum yet, as in every address there are always references to the rising inflation and the tight market, which they are trying to fight . By the way, there are several important news items being published this week. Worth paying attention to: PPI (Mom), FOMC Meeting Minutes GDP, Core CPI, CPI, Initial Jobless Claims The TVC:DXY is forming a correction. The previously broken resistance at 105.272 may be tested soon. Most likely from this level, based on the global fundamental background, the growth may continue, but first we need to wait for the fundamentals of the coming week and a retest of the level from a technical point of view. Regarding gold. From a technical point of view, the market has not reached the mentioned target. I am interested in the 1809 level, below which there is a huge pool of liquidity that beckons market managers. Gold, even with increased liquidity on the news, does not reach this area and reverses. Friday's candle forms the preconditions for the local growth to continue on Monday ( it is worth paying attention to the level of 1829-1830, which can be bought against ). The nearest target for local maneuver is the level of 1856. But in the medium term, I continue to wait for further decline, especially to the level of 1809 and 1800, as the US monetary policy is still tight to reduce the cost of production, so after a small pullback, the growth of the dollar and the fall of gold may continue OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! TVC:DXY CAPITALCOM:US500 COMEX_MINI:MGC1! COMEX:SI1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
34
BAKEUSDT → Breaking through resistance opens up the potential BINANCE:BAKEUSDT is trying to move into the phase of realization of accumulated potential. A consolidation above the 0.1421 level will be a good starting point. If we break through the resistance of the range, we can get a gorgeous bullish potential (targets are indicated on the chart) BINANCE:BTCUSD shows good dynamics for the medium term. The price after the false breakdown of resistance does not fall and there are prerequisites for a possible strengthening of the price to 30000, which will give a great kick in the butt to altcoins if the total capitalization increases. From a fundamental point of view, the cryptocurrency is still turbulent and there is not much bullish news (strong news). But bitcoin is showing strength relative to the SP500 ( CAPITALCOM:US500 ) - and that's good for us. In terms of technical analysis BAKE: the price breaks the resistance of the annual descending wedge and we get a signal for further strengthening of the price. In the nearest future the market may test the previously broken level of 0.1421 and if the bulls successfully consolidate the position, the price may give a start towards 0.2339 and 0.2840. Moving averages indicate consolidation and show a hint of something interesting. Support levels: previously broken wedge boundary, 0.1421, 0.1161. Resistance levels: 0.1580, 0.1882, 0.2339. Since we see the breakout of the resistance of the figure, in the long term I expect the formation of the realization of the accumulated potential in the form of a bullish impulse to 0.2339, 0.2840. Regards R. Linda!
Long
by RLinda
21
GOLD → Consolidation ahead of #NFP. What to expect?OANDA:XAUUSD has been consolidating for 4 days. The formation is directed to realization at the moment of #NFP publication. The market was in a downtrend for a long time, after which it went into a narrow consolidation, there were no pullbacks at all in the last two weeks Today, at 12:30 GMT NonFarm Payrolls & Unemployment Rate (Sep.) will be published. This is quite important news for short-term forex market pricing. The impact is on the dollar, and from it already on gold. On the chart we see the formation of a long 4-day consolidation in the range of 1828 - 1815. On the daily chart, the maximum decrease in volatility over the last 2 weeks is forming. The consolidation is starting to form a pre-breakout character as this range is forming near trend support and near the key level of 1809-1807. Hence, based on the negative fundamental background and the formation of a pre-breakout consolidation, there is every chance of a support breakout and further decline towards both 1800 and 1775. But there is always a BUT. News is an unpredictable nuance. Negative news for TVC:DXY can give a bullish surge for gold and vice versa. The nuances are shown on the d1 chart. On D1 SMAs are in the phase of signal realization Support levels: 1815.3, 1812, 1807 Resistance levels: 1828, channel border It is difficult to expect something concrete from the news. In the short term there may be a retest of these resistance areas, but in the medium term I continue to wait for the fall OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
41
EURUSD → Resistance Retest. Waiting for NFPFX:EURUSD is retesting the trend resistance. The liquidity area may be tested before the publication of NonFarm Payrolls, which will form a surge in volumes At the moment, from a fundamental point of view, EUR will weaken further as USD ( TVC:DXY ) is in a strong bullish trend amid tight monetary policy. Today's data will not change the fundamental background much, but it may affect it relatively. From the technical analysis point of view, I am waiting for a retest of the trend resistance, possibly the price may strengthen to 1.0635, but with a medium-term downside prospect. The price is consolidating above MA-50 (on H4), most likely in the near future, before the surge of volumes, the market may go a little deeper (up). Local volume accumulation is above 1.057 and 1.0585. Support levels: 1.05000, 1.0459 Resistance levels: upper channel boundary, 1.057 and 1.0585. I am waiting for a retest of the resistance area followed by a medium-term decline to 1.05000 or 1.035 Regards R. Linda!
Short
by RLinda
13