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A-flat

GOLD → It's a tricky situation. High chance to FB ↘︎OANDA:XAUUSD is moving out of the downside range, but at the same time the DXY reverses and forms a retest of 105.00. The DXY fundamentals are better and there is a higher probability of further dollar gains than gold Note the small chart below (Dollar Index). An important level is marked and we see the price retesting the resistance within one week - a high chance for a breakout and further gains. Gold thus goes beyond the resistance, a correction is formed and if the price does not show a bullish impulse relative to the level of 1916, then we should expect gold to return to the boundaries of the descending range, which will be a false breakout. In this case, the cost of the metal will start to decline again. The market will pick up this maneuver and due to the received liquidity at the false breakout the price may show a strong bearish impulse. But! there is a possibility of a breakout. For this price needs to strengthen above 1916 and above 1919, only then gold can go to 1928. Support levels: 1916.7 Resistance levels: 1919.6 In priority I expect a false breakout of the channel resistance on H1 with the subsequent decline on the background of the dollar strengthening. But there is also a probability of confirmation of resistance breakout with further growth. We follow the price reaction to the mentioned zones. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
21
GOLD → Market declines in steps - a strong hint OANDA:XAUUSD is moving in steps, gradually updating local lows, which speaks about the current trend. After another resistance retest, which failed, the price returns to the support and under the market pressure breaks the line On the senior timeframe a sideways range is formed and the price is approaching the decisive support, a rebound before the breakout may follow. On the local timeframe we see the breakout of another support line and the price decline to 1905 (at the time of writing the review). Most likely, gold seeks to test the liquidity area below the key low of 1903.8. (False breakout is possible). From this area the market is likely to form a correction to 1908 or to 1912 with the subsequent decline on the background of the downtrend and reaching again 1903 or even to 1889 in the medium term. TVC:DXY does not give preconditions to fall yet and may continue its growth, for which XAU is preparing. Support levels: 1903.8 Resistance levels: 1908.4, 1912.8 I expect a retest of support, but the market will not break this level at the first time, but will form a rebound before a further fall. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
23
EURUSD → The market is forming limit resistanceFX:EURUSD is testing the resistance of the current trend channel, but cannot break this area. While the TVC:DXY is correcting, the currency pair is forming consolidation The dollar index is declining after the retest of 105.00, most likely the area of 104.00 will give a new impulse, therefore, the forex market will give a corresponding reaction. If the dollar strengthens, the euro will weaken. At the moment we see a retest of trend resistance, the market is forming a limit resistance area at 1.0765 and pushing the price away. The bears are showing their strength at the moment. An important support before the momentum formation is 1.0705, if this line is broken, the market may give a strong impulse. Resistance levels: 1.0765, upper boundary of the channel Support levels: 1.0705 I expect the currency pair to continue to decline, but if the dollar index breaks 104 and heads towards 103, eurusd may try to break the resistance. Regards R. Linda!
Short
by RLinda
11
GBPUSD → Countertrend correction before the fallFX:GBPUSD is forming a local reversal setup, while the dollar, from the opening of the session, is starting to form a correction On the chart below, I pointed out the "double bottom" pattern, which has overcome the base of the pattern. The important level for us is 1.2511. If the bulls hold this area, the price may strengthen to 1.26065. The dollar index has been forming a decline and correction since the opening of the session, which appropriately affects the GBP. But again, we see only local movements, it is not worth talking about a global change of trend now, as everything remains the same. The dollar index has a strong bullish trend, while GBPUSD is changing from an uptrend to a downtrend. The price may soon test MA-50, then MA-200, which may form a false breakout of resistance. Support levels: 1.24868, 1.23725 Resistance levels: 1.26065 I expect a correction to the nearest resistance before a further fall. Regards R. Linda!
Short
by RLinda
6
BTCUSD → False breakout of a strong support area BITSTAMP:BTCUSD demonstrates the formation of a sideways flat within the framework of fundamental instability and global uptrend On the chart we see an ascending channel and the formation of a fairly wide sideways range with a width of $6,000. On the W1 timeframe I have outlined a strong support line, which in turn has multiple confirmations of its presence. The flagman is now forming a reaction after a false break of the 25401 support (which I mentioned). We see a strong strengthening to the resistance 26700. And this resistance level separates us from the classic flat price growth. It turns out that at the moment the price is squeezed between 26700-25400 and a breakout of one of these borders can form an impulse in one direction or another. The fundamental part of the cryptocurrency market is mainly waiting for some key data from the US Federal Reserve or data from the SEC, but so far everything is still unclear. Support levels: 25401, 24900 Resistance levels: 26700 I expect a retest of 26700 in the near future. I would like to see a breakout of this line as we have a strong accumulation, but at the moment the market is weak. We have to watch the price reaction to these zones. BITSTAMP:BTCUSD BINANCE:BTCUSDT TVC:DXY CRYPTOCAP:TOTAL CME:BTC1! Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
16
🥇GOLD - Retest of resistance before further decline Gold breaks down and updates the local minimum within the descending price channel. The global trend after the correction continues. TA on the high timeframe: 1) Breakout of local support at 1916 confirms our action and market sentiment 2) The market is in a global downtrend. We should pay attention to strong resistance levels for further sales TA on the low timeframe: 1) Price forms a new low at 1907 2) counter-trend correction is forming from 1907. The market may soon test the previously broken support line at 1916.7 3) Since the trend is downward, this level will be ideal for further selling. 4) It is also worth paying attention to the support at 1907. If this line is broken, the market will also go down. Key resistance📈: 1916.7 Key support📉: 1907, 1903
OANDA:XAUUSDShort
by Gold-Tech
14
GOLD → The trend formation continues. Support retest OANDA:XAUUSD failed to break the resistance of the local descending channel on H1 as the price is trapped inside the global bearish trend on D1. The TVC:DXY correction is failing to yield much as gold is also weakening On yesterday's decline the market is forming a local support level at 1908.4. From the opening of the new session we see a retest of this area without any strong counter-trend pullback. It is clear that the bears are strong at the moment, as evidenced by the futures volumes. The market is in a downtrend, earlier there was a retest of 1916.7, the next target may be the support area (liquidity area) 1903, but from this area, as 1903 is a strong enough support area, a rebound may follow and form a flat or consolidation before a further maneuver. Within the flat, the price may reach resistance. Support levels: 1908. 1903 Resistance levels: 1916, trend line I expect a retest of 1908 with a subsequent breakout and testing of 1903. From 1903 a rebound to local resistance is possible before further fall. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
25
🥇GOLD - continuation of the fall after the support break Gold is forming global and local trends in one direction - downward. After rebounding from the current resistance, the price forms a retest of the support. TA on the high timeframe: 1) Moving averages in a fairly wide range indicate to us the formation of a downward movement 2) A bearish trend is forming within the descending channel 3) The liquidity area on the support side has not been reached yet, after a small pullback the target will be reached TA on the low timeframe: 1) The actual pattern is a descending price channel, which has been forming since the end of August 2) At the moment the price is flat, the key support of the pattern is the area of 1916. 3) A retest is being formed, we are waiting for pre-breakdown consolidation with further possibility of support breakout and decline to 1903. Key resistance📈: 1926.100 Key support📉: 1916.775
OANDA:XAUUSDShort
by Gold-Tech
14
💱EURUSD - Downtrend pressureEURUSD is preparing for further decline. After the resistance retest, the price declines again and performs a pre-breakdown retest of the support at 1.0707 TA on the high timeframe: 1) Strong downtrend 2) The liquidity area on the support side will not withstand another retest. Buyers are weak 3) Medium-term target is 1.06350 TA on low timeframe: 1) A resistance retest will force the price to bounce downwards 2) The market is still unable to break the trend resistance and make a new high. 3) A break of 1.0707 support is expected in the long term with a further decline to 1.0635. Key support📉: 1.0707 Key resistance📈: 1.0759
Short
by Gold-Tech
9
GOLD → Bearish leverage continues to drive the market OANDA:XAUUSD is retesting the resistance of the newly formed descending price channel. A rebound and a retest of the 7-day flat support is formed In the near future, the price may test the flat support at 1916.7 and form a rebound. The rebound may be small, for example, to 1924 to retest the trend resistance. After that the price may continue its fall, breaking the marked support. Globally, the price is in a downtrend. A symmetrical triangle is clearly formed on the d1 chart and we have fundamental prerequisites that the price may break the support at 1902 and head far down. The local situation is simpler. Since the local trend intraday can change several times, our task is to look for key levels to find a good opportunity to open trades Support levels: 1916.7 Resistance levels: 1924 The medium-term outlook is bearish. Most likely, gold may update both local and global minimums on the background of strong strengthening of the dollar ( TVC:DXY ). Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
22
GOLD → Resistance retest in correction phaseOANDA:XAUUSD is strengthening on Monday and is testing flat resistance with a false breakdown. Consolidation below 1928 is forming. The growth of gold is based on the fall of the dollar index before reaching a strong resistance On the chart, we see a flat formation after breaking the ascending channel support. Yesterday I pointed out that the TVC:DXY is in a strong bullish trend, but since the price is near strong resistance, a bounce down may follow before further gains, which is what we are actually seeing. As far as XAU is concerned, I am waiting for a fall after a false breakdown of resistance. Before the fall we are held back by the level of 1926. The target in this case will be the support at 1916 BUT, if the dollar continues to fall, gold will break 1928, and will reach 1939, also the price can test MA-200. On the global timeframe the preconditions for further fall are developing. Support levels: 1926, 1916 Resistance levels: 1928 I expect gold to decline in priority, but it should be understood that the scenario may break down based on external factors. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
21
GBPCAD → £ is weakening. Currency pair breaks support FX:GBPCAD breaks trend support and breaks flat support on the background of weakening pound sterling. A retest of the strong support area is formed. The main currency of the UK is also declining to a 3-month low The price breaks the support of the ascending price channel and forms an impulse. The market is forming an attempt to change the trend. In the near future the price may form a trend correction to the nearest resistance levels before further falling. The backdrop of the strengthening dollar is strongly affecting the entire forex market. DXY continues to update global highs, which provokes the weakening of world currencies. The level of 1.70345 and 1.7060 plays an important role for us. A retest of these areas could send the price far down. The moving averages are changing direction. Support levels: 1.70345 Resistance levels: 1.7087 I expect the fall to continue after a slight consolidation under the uptrend support. Regards R. Linda!
Short
by RLinda
12
🥇 GOLD - False breakdown in a bear market Gold continues to trade within the bearish channel. A retest of the resistance area is being formed, against the background of the bearish trend there is a high chance of further decline TA on the high timeframe 1) Downward price channel 2) false breakout 3) Current trend is bearish 4) no update of highs, the price tends downward TA on the low timeframe: 1) Retest of support area, if price fails to break 1930, further decline will begin 2) Gold is forming a flat. False break of flat resistance is a strong signal 3) A fall to 1916 is possible, a small bounce before a further impulse that could hit the target 1903. Key support: 1916 Key resistance: 1926
OANDA:XAUUSDShort
by Gold-Tech
2
INDUDINDBK - Triangle breakout / flat formationElliott Wave Analysis:- View 1:- Triangle was formed and breakout happened and waiting for the retracement. Once retracement took place we can enter into the trade with safe trade setup with Stop loss @ 1396 . target 1:-1500 target2:-1575 View 2:- There is a Flat formation in 4the Wave. expanding flat is getting into picture. Wave B crossed wave A and waiting for the C wave to get retraced. According to C wave we can decide whether it is an Expanding flat or Running flat. we have to wait for retracement. For Triangle Setup :- aggressive buyer can enter the trade right now with same stop loss. Conservative trader can wait for retracement. I'm not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
NSE:INDUSINDBK
by n0m0ret0ss
3
GOLD, to continue the bearish waveLast Thursday, gold price attempted to make a correction towards the $1930 PER ounce but was quickly rejected by the EMA-200/100 on the 4Hr time frame at $1929.814 which signifies that the bears are still in control in that region. Last Friday, the price declines to 1919.085 at the time of market closure whereby the last two 4Hr candles closed below the trendline support that has been holding the bulls since 21st August 2023. As long as the candles are closing below that trendline support signals the potential continuation of the bears movement down to the next significant level (1903). Important news coming up this week which can alter the direction of the gold market so keep your eyes on the news on Wednesday to Friday. DXY has for the next consecutive 8 weeks been a bullish swing that could put more selling pressure on gold. Wednesday: CPI Thursday: PPI, retail sales and unemployment claims Friday: Empire State Manufacturing Index and Prelim UoM Consumer Sentiment. Resistance: 1925 Support: 1907, 1903, 1896
OANDA:XAUUSDShort
by AbeikuGlobal_FX
1
🥇GOLD - U-turn. A retest of the support could break it Gold makes an unsuccessful attempt to break the resistance of the bearish channel. it is at the moment of the retest that the dollar starts to strengthen, which makes gold fall after the retest of the resistance. The FED is still sticking to continue to be hawkish on the dollar, which can have a bad effect on gold TA on the high timeframe: 1) DXY breaks resistance and tests the 105 area. Possible correction before further rise 2) Gold retests and forms a candle that suggests a quick sell-off of the upside, which will negatively affect gold pricing on Monday and Tuesday TA on the low timeframe: 1) The chart is showing weak buying power 2) A retest of support at 1914 is forming, a breakout could result in strong momentum to 1887 or 1860 Key support📉: 1914 Key resistance📈: 1927, 1942
OANDA:XAUUSDShort
by Gold-Tech
10
GOLD → False breakdown and retest give mid-term targetsOANDA:XAUUSD is forming a signal that gives us insight into further medium-term potential. The market is trading within a descending price channel. Strong TVC:DXY continues to put pressure on the XAU price There is quite a lot of news published in the coming week. It is worth paying your attention to the following: 13.09: Core CPI CPI (MoM) & (YoY) 14.09: Core Retail Sales Initial Jobless Claims PPI On the global timeframe we see a broad sideways flat formation. At the moment there is a potential for a decline towards 1800 in the medium term, and even towards 1700 or 1600 in the long term - standard trading strategies determine the trading potential within the flat. On the daily timeframe we see a false breakdown of the descending channel resistance. After two bearish candles the market forms a shakeout and a retest of the trend resistance, but a new signal is formed - a candlestick pattern with a long candle, which is also a prerequisite for a red market. Local support level is 1915, in the first half of the trading week the market may test this area with a high probability of further breakout and realization of accumulated potential for further decline to the lower boundary of the channel or flat CAPITALCOM:GOLD VELOCITY:GOLD CAPITALCOM:DXY FOREXCOM:XAUUSD COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
16
Bitcoin - Secret patterns for professional traders! The price of Bitcoin is forming a head and shoulders pattern inside this descending parallel channel! Both of these patterns are bearish, so the probability of going down is really high at this moment. To become bullish, Bitcoin needs to invalidate both patterns. Then we can think about a long position, but at this moment, not at all! You probably want to trade with a trend, and the trend is bearish on this particular timeframe. But in the immediate short term, we could go up to form the right shoulder of the major pattern; of course, that would be an excellent opportunity to short bitcoin at a great price! Where is the profit target for the big short? I already market it on the chart, and it's between 23064 and 22853 because it is the POC of the previous expanding triangle + 1:1 FIB extension (wave 3 -> 4). As per my Elliott Wave analysis, last week we printed a new impulse wave, which is very clear and visible. Everything in confluence suggests that we are bearish, and continuation of the downtrend is extremely likely and almost definitely a guarantee. Sooner or later, we will break the support of 25k.  This is my outlook on BTC for this month; do not forget to let me know in the comment section what you think about it and if you are prepared for another crash. I need to know your opinion! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
91
🥇GOLD - Market tests resistance area by false breakout Gold is forming a local downtrend. Which is relevant after the break of the ascending channel in early September. The realization of a strong sell signal is forming on D1 TA on the high timeframe: 1) Everything is stable. False break of resistance sends the price down 2) Potential: falling to 1900 after correction. TA on the low timeframe: 1) Price in bearish trend 2) A retest of 1926 prevents the price from updating the local high 3) Consolidation is forming below 1926 after a false breakdown 4) Bears are consolidating their positions on the background of a weak buyer Key resistance📈: 1926 Key support📉: 1916 and 1903
OANDA:XAUUSDShort
by Gold-Tech
13
💱USDJPY - Market aims for 150 on weak yenUSDJPY on the senior timeframes aims to test the global resistance level of 2022. The Japanese yen is weakening strongly against the backdrop of a strengthening dollar. TA on the high timeframe: 1) A break of 144.897 sends the price to 148.86 2) A small rebound from this level is possible with further growth to 152.0 in the medium term. TA on the low timeframe: 1) the market acquires a strong support area: 146.56. A rebound and a retest of the next level 147.4 is being formed 2) If the second level is broken, the market will get a target of 147.87. 3) But! A rebound to 146.56 with further growth is possible. Key support📉: 146.56 Key resistance📈: 147.4
Long
by Gold-Tech
8
GOLD → Trend correction after breaking trend support OANDA:XAUUSD , after breaking trend support, forms a small correction and stops its fall around 1916. A trend bounce is forming and the price is testing an important resistance Globally, gold is forming a global bearish price channel on the D1 chart, but on the dev timeframe we can also identify a sideways flat in the format of a symmetrical triangle. A breakthrough of one of the figura borders will form the strongest impulse to one side or the other. Locally, on H1, the price may soon test not only the resistance level, but also one of the local highs marked by the red dot. At the moment we are considering a scenario of further decline from one of the mentioned resistance levels, as the price is forging and realizing a global bearish set-up - a decline after a false resistance of the descending channel. Support levels: 1923.8, 1916 Resistance levels: 1926, 1932 I expect a retest of the resistance area before a further fall. The retest may be formed by a false breakout OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! CAPITALCOM:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
15
TLMUSDT → Double bottom breaks resistance BINANCE:TLMUSDT is forming a double bottom on the chart. The market enters the phase of pattern realization, and also begins to use the previously accumulated energy BITSTAMP:BTCUSD momentarily stops its fall near the area of 26000 and stands still for a long time. Yesterday the flagship formed an impulse based on fundamental factors, which provoked a bullish movement on the altcoin market. The double bottom is entering the realization phase, the price breaks the resistance of the descending wedge and forms consolidation. It is important for us to wait for the price to finally consolidate above the pattern resistance and form a bullish potential. Support Levels: Pattern Resistance, 0.00936 Resistance levels: 0.01142, 0.01227. I expect the growth to continue, if the bulls can hold the price. Medium-term target is 0.01515. BINANCE:TLMUSD BINANCE:TLMUSDT BINANCE:BTCUSD BINANCE:BTCUSDT Regards R. Linda!
Long
by RLinda
12