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Ascending Channel

🥇GOLD - Forming a breakout pattern and growth continuationGold amid a rally halt after a breakout of the global downtrend forms a pattern of breakout and continued upside. TA on the high timeframe: 1) After the breakout and trend change, the price stops and forms consolidation. The absence of a fall will be regarded as the readiness of the market to continue growth 2) Consolidation is formed near 1960 TA on the low timeframe: 1) against the background of stopping the rally, the price forms a flag 2) The bullish pattern will start its realization after the price breaks the resistance of the figures. In this case the instrument will get a new potential 3) The important zone for us is 1959-1963. The price going beyond it can form an impulse of 1% and reach the area of 1980 Key support📉: 1953 Key resistance📈: 1959, 1963
OANDA:XAUUSDLong
by Gold-Tech
25
🥇GOLD - Stopping can lead to corrections and declinesGold stops after an active rally. The price is testing 1963 and forming a double top. Consolidation after resistance breakout may lead to correction. TA on the high timeframe: 1) Gold is still unable to pass through the resistance of 1963, a bearish candle and a stop is formed on D1. The candle closes below the opening of the previous candle. 2) Price stops after the rally. The next phase begins and the price may form a correction TA on the low timeframe: 1) gold is up between 1963 and 1953. The range formed is holding back the price. 2) The potential accumulated earlier can push the price up even further, but it should be realized that gold will not grow continuously. A pullback and trapping a certain part of traders is needed 3) The priority is to expect a pullback before further strengthening Key support📉: 1953, 1949, 1938 Key resistance📈: 1963
OANDA:XAUUSDShort
by Gold-Tech
9
GOLD → Active strengthening, retest of a previously broken lineOANDA:XAUUSD has been strengthening during the last two weeks. The signal for this was a false break of support 1907, formed back in March 2022. The price is approaching strong resistance and its growth is starting to slow down. What's next? Gold is strengthening towards the 1963-1965 area, with a key resistance line close by, which is the previously broken trend support. On Friday, gold draws a false break of one of the local resistances and forms a bearish candle. The session in the first half of the week could be bearish, but for now there are signs that the upside will continue. Although the Fed is still aggressive, but their policy is not considered as tough as before among traders, speculators and investors. The dollar has weakened quite a bit and continues to fall. The index has broken through a key support area and has entered a range within which it could fall to 95 and even 90, which would be a strong enough momentum for gold to strengthen further to 2000, 2050 and even 2100. There are several important news releases this week and it is worth paying attention to expectations and the general fundamental background before they are released, as harsh statements can have a strong impact on the price. From a technical analysis point of view, a strong resistance may be followed by a technical pullback before a further rise. Globally, the situation is neutral and looks even more bearish than bullish, but against the backdrop of the dollar may draw some conclusions. Regards R. Linda!
OANDA:XAUUSD
by RLinda
15
GOLD → Waiting for correction after false breakout OANDA:XAUUSD is breaking uptrend resistance, which confirms a definitive trend change amid a weakening dollar. But what happens at the level of 1960? The mentioned level forms a prolonged consolidation. The market is trying to make up its mind after the rally, but it is necessary for the market to form a correction or consolidation in a more neutral zone, for example between 1960 and 1940. If the price forms a correction after the rally and a false break of resistance, it will form a flat with approximate boundaries: 1960 - 1940. The correction may start when the local support 1955.5 is broken, in this case the price will head to the upper boundary of the channel or to the level of 1940. A correction after a rally is a predictable reaction in the gold market. In the next few hours the breakout of 1960 is not worth waiting for, the price needs to replenish liquidity. A retest of MA50 is forming, if the support is broken, the price will give an impulse downward. Support levels: MA-50, 1955, 5 Resistance levels: 1960 I expect correction before further growth. The price is not ready to break the resistance of 1960, before that it is necessary to test the moving average. Regards R. Linda!
OANDA:XAUUSD
by RLinda
19
XTZ - Channeling A Way Through Resistance XTZ, as with the rest of the market, is running due to the court catalysts that i've been posting about all month. 🫡 Recently, after the sell off, the price action has been forming a channel uptrend. I will publish this on the 4 hour and one day so that the price action is easier to track. In the near term, price is likely to see some profit taking over the next 4-12 hours, and then we'll likely rebound from the support platform to retest the resistance.
COINBASE:XTZUSD
by SpektreSignal
GOLD → Resistance breakout is directed towards a trend changeOANDA:XAUUSD is finally confirming a trend change. The price passes through a key liquidity area and forms a strong momentum. What's happening? Pay attention to the D1 chart below. The price is breaking the trend resistance. A rather interesting picture is developing in which gold is gaining upside potential towards 2000. The price is testing the resistance at 1959. Probably, the price can form a correction to the previously broken boundary and the chance for this is quite high. But with a strong consolidation of the price above the level of 1959, a bullish impulse to 1970 or even to 1981 will be formed. The Fed is talking about rate hikes and aggressive policy, but at the same time inflation is showing a green signal and is starting to weaken from 4% to 3%. Investors and analysts are not expecting a long-term complication of the situation, the dollar is likely to continue to weaken. The moving averages show a strong support area. There is strong resistance at 1967 ahead. It is worth paying attention to it. Resistance levels: 1959, 1970, 1981 Support levels: 1955, 1945, previously broken channel boundary. I expect consolidation relative to 1959. The market needs to decide on the potential. A correction is possible from the level, but if the bulls hold the area of the key level, the growth will continue. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
25
XLM Long Idea In the realm of crypto, Stellar claims its throne, XLM shines bright, a trade strategy to own. Fibs and channels, a flamboyant affair, Unleashing gains, with a confident flair. With parallel channels, we set the stage, A path to follow, as profits engage. Fibonacci's charm, in the 0.786 zone, Where the lower trendline beckons us to own. Stellar's dance of triumph, a sight to behold, As it touches that level, a story unfolds. Outrageous gains, like fireworks ignite, In this trading game, we'll bask in delight. So let's embrace the XLM trade, With strategy and style, we'll make the grade. Fibs and channels, our guiding light, As Stellar's potential soars to new heights. But let's not forget, in this thrilling quest, To be mindful of risks, and trade with finesse. With calculated moves and passion in place, We'll conquer the markets, with grace and embrace. potential targers tp1 0.0955 tp2 0.1070 tp3 0.1205 DONT FORGET TO SET SL below 0.074
Long
by DepecheGST
4
💱EURAUD - Break of triangle support gives a signal EURAUD failed to break through the resistance at 1.65000. Having formed a false breakdown, the price falls and breaks the support of the ascending triangle, thus opening a red carpet for itself TA on the high timeframe: 1) Price in range. From resistance, price may reach support in the medium term 2) Weakness on the buy side will lead to a quick test of support TA on the low timeframe: 1) a break of triangle support is a strong signal 2) Price breaks 1.6364 and heads towards 1.61868. 3) A retest of resistance is likely to follow. Key support📉: 1.62500, 1.60961 Key resistance📈: 1.63640
Short
by Gold-Tech
1
MASKUSDT → Tandem signal: resistance breakout and SMA crossing BINANCE:MASKUSDT is forming a correction in the format of a descending wedge. A rather strong consolidation is forming at the base of the uptrend under the resistance of the wedge. What to expect from the price? The coin breaks through the formed descending resistance and begins to form a bullish impulse. Since the bullish signal is formed at the base of the trend, the price demonstrates a rather weighty potential of 70-120% We have a tandem signal: moving averages crossover + wedge resistance breakout. Altcoins have recently improved dynamics and are starting to show good results, which suggests that the cryptocurrency market may come to life in the medium term. Support levels: 3,335, trend support, previously broken wedge boundary Resistance levels: 3,650 I expect a retest of the 3.650 level followed by a breakout. The buy signal is quite strong and there is a high probability that the coin will show bullish dynamics and rise to 4.840 or 6.00. Regards, R. Linda!
Long
by RLinda
10
GOLD → Difficult situation: price drop or breakthrough? OANDA:XAUUSD is forming a local ascending channel, at the moment it is too early to talk about global strengthening and change of the global channel, as it needs good reasons for that. What is happening? The dollar index is breaking the support and testing the next one. The dollar may strengthen a bit, which will provoke the gold to fall, but apparently the dollar is in a different mood and the price may break 101 and go lower. In this case we will have to watch the 1933-1939 area on the gold chart. A breakout of 1933 and consolidation (or pattern) relative to the level may form a sell signal and the price will show us a fall. Or another scenario may develop on the chart. In this case, if a bounce from 1933 is formed, we will wait for consolidation near 1938-1939 and an attempt to break the resistance. A breakout of 1938-1939 resistance will form an attempt to change the global trend and in this case, against the backdrop of the falling dollar, gold may quite confidently change the global trend and the price will begin its strengthening towards 1950-2000. Support levels: 1933, MA-50 Resistance levels: 1938-1939, channel resistance I expect that gold is now in a difficult situation, while the Fed is aggressively pursuing its policy, the dollar is still weakening. There may be an increase in volatility, keep an eye on these levels. Good luck in trading! Regards R. Linda!
OANDA:XAUUSD
by RLinda
24
🥇GOLD - False break of channel resistance Gold is breaking through global channel resistance, but is also bumping into a strong horizontal level. TA on the high timeframe: 1) The trend is still bearish, price is under strong resistance 2) Price is discovering a new range. But if price consolidates below 1930, a bearish potential will form TA on the low timeframe: 1) A bullish wedge is forming. A breakout of the figure's boundaries will form a strong impulse 2) The price inside the ascending price channel makes a false breakdown of resistance 3) The price after the false breakdown may form a correction to the support. 4) Breakout of 1938.915 will give a buy entry point Breakout of 1930 will give a sell entry point Key support📉: 1930 Key resistance📈: 1938.915
OANDA:XAUUSDShort
by Gold-Tech
16
GOLD → A retest of resistance could turn into a breakoutOANDA:XAUUSD is strengthening within a bullish counter-trend correction. The price is testing a strong resistance area, but at the same time there are signals that may allow the price to break the resistance. On the daily timeframe we observe interesting things: the correctional wave reaches the level of 0.618 fibo of the third wave and also tests the area of 0.382 fibo of the global movement. Most likely, a rather strong rebound may follow from this area. Earlier we observed a breakout of the global trend support. At the moment the price is forming counter-trend correction to the level of 1939, which plays a key role. If this resistance is broken, the price may strengthen to the previously broken line or to the area of 0.382 Fibo (1967). The situation on the market may change dramatically when the resistance of the upward correction is broken. We are watching the price reaction to the mentioned area. Resistance levels: 0.5 fibo, 1938, channel resistance Support levels: 1924, 1920, 1912 I expect the price to test the breakout of the channel resistance. At the moment bears are still strong and they can push the price down, but with the breakout and consolidation of the price above the level there will be a chance to see a strong impulse to 1959. Regards R. Linda!
OANDA:XAUUSD
by RLinda
19
MATICUSDT → Breakout figure and an attempt to change the trend BINANCE:MATICUSDT breaks through the resistance of the key figure and opens a new bullish potential. If the nearest resistance is broken through, the price can form a strong momentum. Earlier we saw an attempt of strengthening, which smoothly changed from an ascending price channel to a bearish wedge. The latter figure is quite capable of breaking the trend and changing it, for this in our case, the price needs to pass through the resistance of 0.7440. Recently cryptocurrencies, both bitcoins and altcoins, start to recover, and there are even some fundamental reasons for that. The moving averages act as resistance, but at the moment the MA-50 is being tested and in case of a breakout the 31% range will open, which is quite an interesting prospect for us. Support levels: 0.6500 Resistance levels: MA-50, 0.7440 I expect consolidation near resistance, followed by a breakout and bullish momentum. The medium-term target is 0.9700. Regards, R. Linda!
MLong
by RLinda
14
💱EURCAD - Waiting for a false breakthrough EURCAD is breaking the channel resistance, but there is no the reaction that everyone is waiting for. A bottom has formed on d1 and a counter-trend movement is starting to form. TA on the high timeframe: 1) Price breaks the resistance at 1.45120, but there is no impulse, which should happen when breaking the resistance 2) The same flat is formed. The price may return to it when falling below 1.45120. TA on the low timeframe: 1) Price breaks the resistance of the local bullish channel, there is no impulse and a strong consolidation is formed above the resistance. If price goes down and passes 1.45430, forms consolidation below the level, correction to 1.44250 will begin 2) Actual resistance retest may end up as a false breakdown. A change of trend is out of the question, a downward correction may be formed. 3) BUT! If 1.45630 is broken through and consolidation is formed above the level, the price will be able to continue rising to 1.46300. Key resistance📈: 1.45630 Key support📉: 1.45430
Short
by Gold-Tech
9
Get Ready for a Golden Ride! Buy Signal on Gold Daily Chart 📈The bullish setup on Gold is sparking excitement as price follows a clear Elliott Wave pattern. With the fourth point of the wave in place, it's time to buckle up for the next wave, which could potentially take us to around the 2200 mark. Adding to the bullish sentiment, Gold has been oscillating within an ascending channel in recent weeks, providing further confirmation for this setup. Notably, the RSI indicator is signaling an oversold condition while maintaining an overall uptrend, suggesting an impending bullish impulse. Let's ride the wave and make the most of this glittering market trend! Feel free to share your toughts in the comments section, follow me for updates and dont forget to press the like button if you think this insight was helpful✨🚀💰
TVC:GOLD
by Thomas_Zito
6
GOLD → The price is standing still. What's going on? OANDA:XAUUSD continues to stand still and form a consolidation within the 1938 - 1912 sideways range. The rebound to resistance is likely to continue in the format of a bounce to support. On the daily and weekly chart there is a consolidation in the red zone, after the breakdown of the key support levels. Most likely an energy buildup is forming before the rally in one direction or the other. In order for the counter-trend correction to be recognized as a trend change, the price has to break the resistance 1935-1939. In this case the market will start to form a strengthening of the price and a bullish trend will start to form. At the moment within the counter-trend correction you should wait for the decline from the resistance 1933, or the retest to 1920 (1912) with further breakout and decline to the global minimum. Support levels: 1920, 1212 Resistance levels: 1933, 1935, 1939 I expect a local rise followed by a fall - since that is how the price behaves inside the range. The Fed is still aggressive policy and most likely, the market has decided to rest a bit before the further movement. Regards R.Linda!
OANDA:XAUUSDShort
by RLinda
32
GBPUSD → What kind of reaction could there be to resistance? FX:GBPUSD continues to form an uptrend, but at the same time the price is hitting a strong resistance area. We are waiting for the price to react to the area, which will determine the further direction. A retest of the level 1.28484 will tell us that the market will prepare to strengthen after breaking through resistance, but a consolation below the level will signal further decline to 1.26900. In an uptrend, the price could test the resistance again in the near future. The dollar is in a range and a decline towards support will give the currency pair a jump to break through resistance. The pound might continue to strengthen in the mid-term based on a more positive fundamental background than the dollar. Support levels: 1.27267, 1.26800 Resistance levels: 1.28484 I expect an attempted retest to the resistance, which may give a further signal. It is necessary to monitor the price reaction to the upper limit of the range. It may be followed by a pullback before further growth. Regards R.Linda!
by RLinda
15
BTCUSD → FB before the breakout, waiting for the retest BITSTAMP:BTCUSD is testing strong resistance at 30575, but a false-break of the level tells us that the price is not ready to grow (at the moment). It might form a pullback or flat pattern below the level before rebounding further Globally, we have a bullish trend, the price is getting stronger. The rally is followed by a consolidation and a pullback, after which the cycle repeats again. The price is gradually renewing its highs. Fundamentals are getting stronger amid a surge of activity and some positive investor interest news. The moving averages on the D1 show us a bullish trend, the same is true for the weekly chart. The price forms a range after breaking through 25000. The range boundary is 30285 - 25000. I would not expect in the medium term a decline to 25000, most likely the price may form a consolidation between 30000-28500, after which the price will continue to form resistance retests for a breakout. Support levels: 29800, 28500 Resistance levels: 30575 I expect a consolidation or a technical pullback after a rally. Bitcoin is not highly susceptible to technical analysis, but it is excellent on fundamentals. Fundamental background is more inclined to a positive trend. In the medium term, I expect growth after the breakout of 30575. Sincerely R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
6
EURUSD → Fundamental and TA diverge. What's next? FX:EURUSD has been declining all week. The correction continues to the lower boundary of the uptrend, and after a false breakdown of support the market responds with a bullish reaction. The daily timeframe is turning a triple top, but everything is ambiguous. Price is in a global fleet. Within a local uptrend, a false break of channel support increases liquidity and the market builds bullish volumes, against the news this reaction may be temporary. If the wedge resistance is broken, a consolidation above the line can be formed, followed by an impulse towards the key resistance. The Fed is not going to give up and is increasingly saying that rates will either be kept or increased in the medium term, in which case the currency pair may show us a bearish mood. Support levels: 1.08485 Resistance levels: the upper boundary of the wedge, 1.0945, 1.1000 I expect an attempt to break through the resistance of the wedge. If it succeeds, the price may head towards 1.0945 within the channel. But if the consolidation in the wedge continues, there will be a chance to break through the trend support. Regards R. Linda!
by RLinda
10
🥇GOLD - Inside the range price breaks support Gold is testing the resistance area of the global trend and breaking the local support. A rebound from 0.382 could reach the retest area and then the downside phase could activate. TA on high timeframe: 1) Price is testing the liquidity area of the global downtrend channel 2) The liquidity zone 1939-1935 is not reached, most likely a market maker trap may follow TA on the low timeframe: 1) A breakout of uptrend channel support forms 2) The price tests 0.382 Fibo and starts to form a pullback. There is a chance of the retest of the channel support or the level of 1932. 3) The price may also strengthen to 0.618 Fibo before declining further 4) The global TA says about the priority of further falling. 5) I think the local correction will end soon 6) The price may stay in the 1932-1910 range all week Key resistance📈: 1932, 1939. Key support📉: 1921, 1910
OANDA:XAUUSDShort
by Gold-Tech
14