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Ascending Channel

GOLD → Gold not ready to fall? What's going on?FX:XAUUSD is forming a local bottom and is not ready to continue falling. The price is breaking through the downward resistance amid a weakening dollar and a complicated fundamental backdrop. At the beginning of the week, the price of gold stabilized above $3,250 as investors returned to defensive assets due to ongoing uncertainty surrounding US trade agreements with China and Japan, as well as growing geopolitical tensions in the Middle East and Ukraine. The weakness of the dollar ahead of the Fed meeting and declining expectations of a rate cut are also supporting demand for gold. The focus remains on US trade news and the possible hawkish tone of the Fed this week. Technically, the price is testing the bottom of the range as resistance. If there is no reaction to the false breakout and the price continues to storm 3268, then a breakout and consolidation above the level will allow it to strengthen to 3292-3314. Resistance levels: 3269, 3294, 3314 Support levels: 3243, 3222, 3204 The price is forming a second retest of 3269 since the session opened. Buyers are testing resistance for a breakout. If the bulls break 3269 and consolidate above 3270, the chances for growth will be good. I do not rule out the possibility of a retest of the liquidity zone at 3243 before growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13
GOLD → An amazing recovery. Up to 3400?FX:XAUUSD continues to strengthen, testing resistance in the range, with buyers not giving up. The price breaks through the flat line and enters the buying zone; everything depends on the bulls... Gold is rising for the second day in a row amid a weak dollar, increased demand for safe assets, and escalating conflicts in the Middle East and Eastern Europe. Market nerves are being stoked by trade risks and instability in Asia, while investors await the Fed's decisions and Powell's speech. GOLD is breaking out of its neutral range. Focus on 3369 and local resistance at 3381. The fundamental backdrop is favorable for gold. If buyers hold their ground above the indicated levels, the price may continue to rise. Resistance levels: 3369, 3381, 3408 Support levels: 3352 (0.5f), 3330 I do not rule out the possibility of a retest of the local liquidity zone (long squeeze) at 3352 (0.5f) before continuing to rise. But at the moment, the focus is on 3369-3370, which are key levels (currently acting as support). Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
4
BITCOIN → Correction to the risk zone. Rise or fall?BINANCE:BTCUSDT has updated its local maximum to 97,900, the market structure is quite positive, but still depends on the fundamental background and the behavior of the S&P 500. The fundamental reasons that influenced the growth are the improvement in the tariff situation in the US and relations with China. Bitcoin's growth strengthened as the SP500 index rose, with which it has a fairly high correlation. In the second half of this week, the price broke out of the two-week consolidation, breaking through the resistance level of 95,500 and updating the local maximum. A correction is forming within the local upward channel. 95,000 is the liquidity and risk zone. That is, if the bulls hold their defense above 95K during the retest, Bitcoin will continue to grow in the short and medium term. Otherwise, a break of 95K could trigger a drop to 92K-88K. Resistance levels: 97,425, 99,475 Support levels: 95,500, 92,000 All eyes are on the 95.5K support level, below which a huge liquidity pool has formed. Growth may be influenced by a retest (false breakout of support) and an imbalance of forces in the market. But we need to be careful, as the market will react to economic data. BUT! A return of prices to the selling zone (below 95000 - 95500) and the inability to continue growth could trigger a correction and liquidation. Best regards, R. Linda!
Long
by RLinda
24
VIRTUALUSDT → Rebound from resistance. Trend break, U-turn?BINANCE:VIRTUALUSDT.P is pausing within an uptrend and forming a range within which signals of a possible reversal and decline are appearing. Bitcoin is pausing its rally and moving into correction. This is a negative development for altcoins, which will not grow without the flagship. VIRTUAL is consolidating, but pressure is building in the market (as can be seen from the cascade of resistance levels within the range). Another prerequisite for a breakdown of the market structure is a downward exit from the upward channel (a break of the trend support). Another retest of support at 1.581 could trigger a breakout and a fall. There is a fairly free zone below, and the nearest target is located in the 1.178 zone. Resistance levels: 1.72, 1.829 Support levels: 1.581, 1.416, 1.178 Focus on the current range of 1.581 - 1.829. The chart shows that the price continues to storm and test support, which is an important signal against the backdrop of a broken uptrend. A break of support at 1.581 and consolidation below this level could trigger liquidation and a fall to the fvg zone or the liquidity zone at 1.178. Best regards, R. Linda!
Short
by RLinda
2
Gold Rally Running Out of Steam? PRZ May Trigger Drop!Gold ( OANDA:XAUUSD ) has hit the targets as I shared with you in yesterday's idae . Will this uptrend of the past 5-6 days continue? Gold seems to have broken through the Resistance zone($3,387-$3,357) and has been moving in an Ascending Channel for the past 5 days . In terms of Elliott Wave theory , Gold appears to be completing microwave 5 of the main wave 3 . The end of the main wave 3 can be at the Potential Reversal Zone(PRZ) . Also, expect to see a clear Regular Divergence(RD-) between Consecutive Peaks at the Resistance zone($3,434-$3,406) . I expect Gold to start declining from the Potential Reversal Zone(PRZ) and at least to the lower line of the ascending channel . This analysis is against the main trend, so pay more attention to money management . Note: If Gold touches $3,448(Stop Loss(SL)), we can expect more pumps. Note: If Gold falls below $3,342, we can expect a deeper decline than expected. Gold Analyze ( XAUUSD ), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
3
USDJPY → Price in range, retest of resistanceFX:USDJPY is emerging from local consolidation in hopes of seeing economic data that could support the dollar. The target for this movement could be the liquidity zone at 144.00. The currency pair is trading within a neutral range of 144.14 - 141.64. However, a local consolidation has formed within the range, from which the price has broken out. The main task for the bulls is to hold the defense above 142.75, in which case we will be able to catch the price distribution to the upper border of the global range of 144.14. News ahead, positive data may strengthen the dollar, which will accordingly affect USDJPY, but there is strong resistance at 144.14, whose liquidity pool may trigger a downward rebound. The trend is neutral. Resistance levels: 143.9, 144.14 Support levels: 142.75, 141.98 There are no reasons to exit the global range. Over the past two weeks, this will be the first retest of the 144.14 zone, which in general only increases the chances of a false breakout and correction. Best regards, R. Linda!
by RLinda
8
FARTCOIN → Moving into the realisation phase. A rally?BINANCE:FARTCOINUSDT.P has entered the buying zone, or the realization phase, after breaking through the resistance of the ascending triangle. The altcoin is within an upward trend. Bitcoin continues to consolidate ahead of a possible rise. FARTCOIN has entered the buy zone at this time. The realization of Bitcoin could trigger continued growth in altcoins FARTCOIN is entering the realization phase after consolidating within an uptrend and an ascending triangle. The coin looks quite positive overall, but a retest of 1.2100 may form before growth. Resistance levels: 1.2933 Support levels: 1.0719, 1.0632 There is significant resistance ahead on D1, and a small correction to the nearest liquidity zone at 1.2097 may form. However, consolidation against 1.2933 is expected before a breakout and continued growth. Best regards, R. Linda!
Long
by RLinda
4
GOLD → Consolidation ahead of news. What to expect?FX:XAUUSD is consolidating. Focus on 3370 - 3269. Economic data is expected tomorrow, and gold is likely to trade within the consolidation range for several days. Optimism about US trade talks with key partners boosted risk appetite and supported the dollar. The US Treasury Secretary reported progress with India, while President Trump softened his rhetoric on China, which also strengthened the dollar. At the same time, traders took a wait-and-see stance ahead of the release of US GDP data for the first quarter. If the figures turn out to be weak, gold could rise sharply as a safe-haven asset. Thus, the gold market remains sensitive to trade news and macro data, especially against the backdrop of rebalancing at the end of April. At the moment, as part of the current momentum and correction, I expect prices to recover from the 0.5 - 0.7 Fibonacci zone. Gold may test 3323-3325 before resuming its correction within the consolidation. Resistance levels: 3323, 3352, 3370 Support levels: 3290, 3270 Traders are waiting for a resolution in the tariff dispute as well as economic data due tomorrow. However, while the price is consolidating, I expect a rebound from support. BUT! If the price continues to squeeze towards any boundary, with priority to support, then the chances of a breakout from the consolidation base may increase. Best regards, R. Linda!
FX:XAUUSD
by RLinda
14
BITCOIN → Consolidation or reversal? Why is $ 95000 important?BINANCE:BTCUSD held up quite strongly during the tariff war and largely weathered the storm, while the stock market and indices were in free fall. The improvement in the fundamental situation has once again heightened interest in the asset among traders and investors. Earlier, I pointed out that against the backdrop of falling markets (due to Trump's policies and tariff wars), Bitcoin is holding up fairly well. It cannot be compared to gold, which maintains its status as a safe haven, but overall it has stayed out of the 73K risk zone. Countries are continuing negotiations in the US, which generally points to an improvement in the trade situation, but all attention remains on relations between China and the US, and a resolution may be close. Technically, on the daily/weekly timeframe, the price has broken through the trend resistance and the asset has moved from the sell zone to the buy zone, which in general only increases interest in the flagship. Bitcoin is stuck in the 95K-92K range. A false breakout of resistance provokes a correction, and now we need to monitor the price and see where the correction will stop. This will show us important support that could become the basis for consolidation. Resistance levels: 95K, 100K, 102.5K Support levels: 93.5, 92.9, 92, 91K To break through 95K and continue growing, Bitcoin must form consolidation. There is none at the moment, and a correction and halt may indicate the approximate boundaries of consolidation. However, the focus is on 95 - 93.5 - 92K. If the price manages to stay within the local boundaries and continues to storm the 95K resistance, we will have a chance for a breakthrough and continued growth to 100K. Otherwise, Bitcoin may form a deeper correction, for example to 91-88K Best regards, R. Linda!
Long
by RLinda
24
EURUSD → Accumulation of liquidity before continued growthFX:EURUSD currency pair is forming a trading range within a global and local uptrend. Before continuing its growth, the market may form a false breakout. Against the backdrop of the falling dollar, the euro is strengthening and has gained 13% over the past four months, which is a fairly significant growth indicator for the currency pair. Fundamentally, the US is trying to achieve a rapid reduction in interest rates, which may continue to support the euro... Technically, the price is consolidating against the backdrop of a global and local uptrend. A correction is forming towards the support zone, where there is a fairly large pool of liquidity... Resistance levels: 1.1392, 1.1439, 1.1481 Support levels: 1.130, 1.127 The price is heading towards support, namely, the market is interested in liquidity below 1.13 - 1.127, which must be tested in order to build up potential before the bullish trend possibly continues. Best regards, R. Linda!
Long
by RLinda
4
GOLD → False breakdown and change of mood...FX:XAUUSD is strengthening after a false breakdown of support at 3288, with the change in fundamental sentiment due to US statements on the tariff war also providing support for the price. On Thursday, gold rose from a weekly low of $3,260, supported by a weaker dollar and renewed concerns about US trade negotiations with China and Japan. Optimism about tariff cuts quickly faded after denials from the White House. Weak US business activity data is fueling talk of a possible Fed policy easing, which is also supporting gold. The markets remain focused on trade news and Trump's statements. Technically, gold could reach the liquidity cluster at 3314 and continue to rise towards strong resistance at 3370. Resistance levels: 3342, 3370, 3387 Support levels: 3314, 3288, 3270 Below 3314 and below 3288, a liquidity pool has formed, which the market is likely to test before continuing its growth. It is too early to talk about a resumption of a strong rally, as the situation between the US and China is complicated, as are the negotiations on the situation in Eastern Europe, which seem to be moving towards talks, but every time something goes wrong... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
16
BTC Pumped Hard – Is It Time for a Pullback to Fill CME GAP!?Bitcoin ( BINANCE:BTCUSDT ) started pumping after the pullback, as I expected in my previous post , I hope you were able to take profits. Bitcoin is trading in the upper areas of the Heavy Resistance zone ($95,000-$88,500) , near the Resistance lines and the upper line of the ascending channel . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . From the Elliott Wave theory perspective , it seems that Bitcoin has completed the main wave 3 and we can expect the completion of the main wave 4 today . I expect Bitcoin to correct in the next few hours and drop to the targets I have specified on the chart and fill the CME Gap($93,465-$91,415) . Cumulative Short Liquidation Leverage: $95,700-$94,542 Cumulative Long Liquidation Leverage: $92,666-$91,415 Cumulative Long Liquidation Leverage: $90,276-$89,160 Note: If Bitcoin can break the upper line of the ascending channel, we should wait for the next pump. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
38
GOLD → Reversal or correction? What to do now?FX:XAUUSD reaching the psychological high of $3500 has entered the correction phase, which was also influenced by a slight easing of the tariff conflict between the U.S. and China.... After falling without reaching the zone of interest 3288, the gold price is strengthening at the beginning of the European session, expecting PMI data from the U.S.. Earlier, the metal reached a record of $3,500, but rolled back amid hopes for an easing of the trade war with China and words of the US Treasury Secretary about a possible “détente”. The dollar recovered as part of the correction, but investors doubt Trump's predictability, gold at this time begins a correction. In the center of attention is the PMI index from S&P Global: its results may affect expectations for Fed Funds rates and give a new direction to the market. Resistance levels: 3340, 3360, 3366 Support levels: 3317, 3288 Technically gold is in correction and confirms the bearish structure. But any unexpected statement by Trump may attract aggressive buying. Nevertheless, we should now consider a possible decline from 3340 - 3360 - 3366. Buying could be considered on a retest of support or a close above 3370. Regards R. Linda!
FX:XAUUSDShort
by RLinda
17
EURAUD → False breakdown as part of a bullish trend correctionFX:EURAUD amid the global bullish trend is forming a correction to the trading range support. Bulls are trying to hold the 1.775 zone The currency pair is in a wide range, in consolidation. Relative to the lower boundary of the range, the price makes a false breakdown and liquidity capture, which may lead to a correction to 0.5 of the range, or to resistance Price consolidation above 1.775 and formation of local reversal pattern may affect further growth (global trend is bullish, locally - correction). The fundamental background is unstable, but the dollar index is still in correction after a strong fall.... Resistance levels: 1.7855, 1.7987 Support levels: 1.775, 1.7695 If the bulls hold the defense above the key support - the lower boundary of the trading range, the currency price may bounce up and head for the liquidity accumulated above the resistance.... Regards R. Linda!
Long
by RLinda
4
GBPUSD → A false breakout can trigger a correction FX:GBPUSD is strengthening as part of the rally associated with the fall in the dollar index, but there is a technically strong resistance zone ahead that could trigger a correction... The dollar index, due to US politics, desire for lower interest rates, tariff war, continues its decline, giving an advantage to the currency pairs of the main basket. Against this background, the pound sterling is strengthening and is ready to test the key resistance at the moment: 1.343. The huge pool of liquidity, accumulated behind this area may not let the price up at the first time. The last test and confirmation of this level was half a year ago. Resistance levels: 1.343 Support levels: 1.3292, 1.3207 A sharp approach to resistance, a false breakout without the possibility of growth continuation and consolidation below the resistance 1.3430 may provoke a correction in the imbalance zone or liquidity 1.3292. Regards R. Linda!
Short
by RLinda
10
GOLD → Correction after reaching 3500. What's next?FX:XAUUSD updates high to $3,500 amid Trump's attacks on the Fed, we are still in the aggressive trend phase. North train makes a small stop which may give us a chance to trade... Investors are fleeing to safe-haven assets amid an escalating US-China trade war and Trump's verbal attacks on Fed chief Powell. Trump is blaming the Fed for the slowing economy and demanding immediate rate cuts, which is undermining confidence in the dollar and boosting demand for gold. 3500 is a psychologically important target and once it is reached, traders have moved to profit-taking, which could lead to a small correction... Resistance levels: 3475, 3500 Support levels: 3441, 3408, 3385 As part of the correction, the price may test 3440, or 3410. The trend is aggressively bullish and sales should not be considered. The ideal scenario would be liquidity capture relative to 3410 and rebound or continuation of growth, as the fundamental background is on the side of gold.... Regards R. Linda!
FX:XAUUSDLong
by RLinda
27
GOLD → The rally continues. Waiting for correction to tradeFX:XAUUSD supported by the weakness of the dollar and increased trade tensions between the U.S. and China continues to renew highs. At the moment the market is testing 3400... After Friday's pullback caused by profit taking, the demand for gold rose again - investors are looking for protection amid the threat of recession in the U.S. and instability in the markets. Additional pressure on the dollar is exerted by the threat to the independence of the Fed, after statements about the possible resignation of Jerome Powell. It is not worth buying at the highs. Technically, against the background of the uptrend, the market can take a break in the form of a pullback. A bounce from support or a false breakdown of the liquidity zone may provide a good opportunity to enter the market Resistance levels: 3400, 3410, 3430 Support levels: 3369, 3357, 3344 Undoubtedly, based on the overall fundamental situation, gold is absorbing capital as a safe haven and can continue its growth for a long time. But we should keep an eye on the situation between the US and China, as well as in Eastern Europe. Any de-escalation of the conflict may lead to a correction. For trading now it is worth waiting for a correction to the above mentioned support levels to find a trading opportunity. Regards R. Linda!
FX:XAUUSDLong
by RLinda
33
GOLD → Recovery after the FB of 0.5 fibo. What's next?FX:XAUUSD on Thursday tests 0.5 fibo, which I outlined to you on April 17, forms a false breakdown and recovers amid unstable geopolitical relations in the world. Price may continue its northward run. The dollar continues to fall. The fundamental background depends on the relationship between the US and China as well as economic data especially after Powell's speech. The weekly session closes close to support, the decline may continue. Gold after the shakeout is heading back north. Based on the fundamental background, the price may continue to rise. There are three days of downtime ahead as traders rest. Fundamentally, anything can happen over the weekend, however, technically, the emphasis is on intermediate levels. The trend is still strong and bullish Resistance levels: 3332, 3344, 3357 Support levels: 3313, 3288, 3284 If nothing supernatural happens over the weekend, gold in the Asian session may bounce off the nearest resistance and test trend support before continuing the uptrend. If there are any critical changes in the mood of countries/politicians then I will update the situation Regards R. Linda!
FX:XAUUSDLong
by RLinda
15
ALCHUSDT → Rally to the liquidity zone. False breakout?BINANCE:ALCHUSDT.P is one of not many coins that looks strong amid the bearish cryptocurrency market. But how long will this energy last? There is strong resistance ahead.... A local pre-breakdown consolidation relative to the intraday level is forming. In general, this is the state of the market, ready to continue its growth within the distribution. Thus, the breakout of 0.1590 resistance will provoke the continuation of growth up to the liquidity zone at 0.177. But already at 0.177, due to the fact that it is an important and strong intermediate resistance level, we should expect a false breakout and a pullback, for example, to 0.159 or 0.5 fibo. Resistance levels: 0.159, 0.177, 0.23 Support levels: 0.1516, 0.5 fibo The distribution is already 53% since the breakout of the consolidation resistance. By the time the resistance is approached, it will be 77% and the market may use up all the accumulated potential, so liquidity above 0.177 is likely to stop the upward rally and turn the coin down. Regards R. Linda!
Short
by RLinda
5
GOLD → Correction to support. What's next?FX:XAUUSD updates a new high to 3357. A correction is forming after Powell's speech. On the background of the bullish trend it is worth looking for stronger support levels Gold halted gains at $3,358 as traders take profits and assess the implications of Trump's tariff policy.Gold's gains on the week were driven by the escalating trade war between the US and China, fears of a US recession and a flight from risk assets. However, cautious rhetoric from Fed chief Powell and positive signals from trade talks with Japan temporarily curbed further gains in gold. But the level of risks and possible escalation of the conflict is still at a high level. It is too early to talk about the trend change. At the moment the correction to liquidity zones is forming on the background of the bullish trend. The focus is on 3296, 0.5 fibo. The price may bounce from these levels. Resistance levels: 3344, 3457 Support levels: 3320, 3296, 3275 The correction after Powell's speech may be quickly exhausted if the politicians from China and the US fuel the conflict. But any hints of negotiations and tariff cuts could be taken very positively by the market, which could lead to a reversal of the local trend. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
GOLD → If you didn't catch the train, what should you do?FX:XAUUSD in a rally. Running into a train that is already in motion is prohibited due to the lack of ability to calculate risks. Ahead of the news, a correction is possible, which will allow us to find a place to trade Gold continues to update an all-time high on the back of expectations of retail sales in the US and the speech of Fed chief Powell. Price growth was supported by strong data from China, increased demand for “protective assets” due to geopolitical tensions and trade risks between the U.S. and China. Additional support was provided by forecasts of gold price growth from ANZ to $3,600 by the end of the year Technically, the psychological zones of interest 3325 - 3350 are ahead, from which a correction may form. The ideal scenario is to wait for a correction to local or intermediate support levels and only there look for an entry point. Resistance levels: 3318, 3335, 3350 Support levels: 3275, 3265, 3244 On the background of a strong bull market it is worth using as a productive strategy to trade on the breakdown of resistance in order to continue growth, but in this case we need to wait for consolidation, we do not have it. Or wait for correction, support retest and only then consider buying. Regards R. Linda!
FX:XAUUSDLong
by RLinda
18