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Distribution

GOLD → The realization phase continues. What are the targets?FX:XAUUSD in the phase of realizing the accumulated potential updates ATH to 2714 and is in no hurry to give up, movements can be continued... Gold feels support from the Chinese markets after positive hints from the People's Bank of China revived hope for stimulating the economy. Also from the European side - the ECB cut its key rate, in anticipation of another, fourth cut in December... Strong data from the US on Thursday pointed to a solid economic outlook, but this failed to change the odds of a 0.25% rate cut by the US Fed in November. In addition, the gold price found fresh demand amid escalating geopolitical tensions between Iran and Israel (Hamas leader eliminated) Resistance levels: 2711.7, 2715, 2720 Support levels: 2702, 2696, 2689 Technically, gold continues its bull run once again. The chart indicates key support areas that may be of interest before further rally. A correction has been forming since the opening of the European session, but price is quickly returning to ATH. If the bulls hold the defense above 2711, the growth will continue without a pullback. Targets are indicated on the chart Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
5
EURUSD → Active sale. Emphasis on 1.0900FX:EURUSD continues to update lows since the fundamental background and uptrend change. Price is descending in a calm and progressive manner, which generally indicates the strength of the trend... A strong drop from the distribution phase without any pullbacks is an indicator of a strong trend. There is a key liquidity zone ahead, which could form a surge in volume and liquidity that could lead to a small correction. For example to 1.095 - 0.7 fibo. On the Daily chart we see the realization of a failed breakout (false breakout), a strong distribution is formed. The liquidity at 1.077 - 1.067 may become the target of such a movement Resistance levels: 1.095, 1.100 Support levels: 1.089, 1.077 There is no news until Wednesday, so the fundamental background remains the same. The market may stop and go into consolidation, but with a high probability the fall after the breakthrough of 1.089 will continue... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
10
DOGS → Double bottom favors resistance breakoutBINANCE:DOGSUSDT is forming a double bottom followed by a breakout of trend resistance. Quite a promising situation, provided the bulls hold their defenses above 0.00081. After the listing, the coin flies to the moon due to the dump, but after the appearance of a strong seller or lack of interest from the buyer, against the background of weakening support of Pavel Durov arrested in France, a market phase change to a “dump” is formed. Technically, a double bottom is formed on 4H, followed by the renewal of local lows and the breakout of trend resistance, which indicates the formation of a market bottom. At the moment, the cryptocurrency market shows bullish dynamics, which can affect DOGS accordingly Resistance levels: 0.000885, 0.000938 Support levels: 0.00081 After the dump the coin has good chances to show already adequate realization. If the bulls keep the defense above 0.00081, we will have chances to get on the train to the north, to the targets 0.00096, 0.001, 0.00117 Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGSUSDT ;) Regards R. Linda!
Long
by RLinda
1
GOLD → Will the rally end with a FB? 2670 - liquidity...FX:XAUUSD is growing together with the dollar, the correlation cooled down after the change of fundamental background. The range of 2670 - 2600 is being formed. The metal is rallying to resistance for liquidity. Geopolitical issues. High tensions in the Middle East as well as rising tensions in East Asia between China and Taiwan are worrying investors looking for safe havens. Last week showed not so good economic data for gold. The dollar rose very strongly during that time. But gold gold traders were most likely paying attention to the dovish remarks by Fed policymakers about lowering interest rates.... Technically gold is in a sideways range and is testing liquidity above 2660. The bears are likely to give a not so warm welcome.... Resistance levels: 2663, 2670, 2685 Support levels: 2650, 2637, 2623 Strong movement from the bottom of the range reaches its upper boundary. Technically, the price has no potential to break through the strong range resistance. A false breakout is possible, the purpose of which may be to capture liquidity, followed by a decline. The situation may be broken by unexpected geopolitical or economic news, but at the moment there is no such news Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
BITCOIN → The rally is manipulation. U-turn and down to 52K?BINANCE:BTCUSDT confirms the bearish market structure. After the 59K retest, the price rallies 7%. There is no technical or fundamental explanation for this market manipulation: $6K down, $ 4K up, $5K down, $ 4K up within the last two weeks... Bitcoin is still trading within a sideways range of 65K - 52K. The last resistance retest ended in a false breakdown and a price drop of 11% to 59K. Also, the local change of the market character (price confirms the downtrend) to bearish and formation of the downtrend channel (I remind about the downtrend on D1-W1) plays an important role. Emphasis on resistance 63400, 64130, 65000, possible retest or false breakdown followed by downside realization as we still have not reached the key liquidity zones.... Resistance levels: 63400, 64130 Support levels: 61320, 59000 The price is testing the resistance zone as part of the rally. There is no accumulation or technical potential to overcome this area for further growth. Within the bearish trend, the buyer does not show dominant signs and with high probability it will be stopped in the key zone. A reversal and decline to the lower zone of the sideways range is possible... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
Short
by RLinda
120
GOLD → Consolidation in correction phase ahead of news...FX:XAUUSD is in correction phase, but before important news a consolidation is formed due to fear and unpredictability factor. Analysts are expecting a decline in inflation, but what will happen in fact? A bull run or a dump? Markets are pricing in an 81% chance of a 0.25% interest rate cut in November. But yesterday's minutes showed that most officials supported an excessive 0.5% rate cut to balance inflation confidence and labor market concerns. Ahead of CPI, Initial Jobless Claims ... If CPI shows stronger data, the question among regulators will be in a different vein of “should we cut 0.25?” which will only reinforce the dollar's rally and markets will continue a solid correction. A larger decline in CPI could revive hopes of an excessive Fed rate cut in November, triggering a correction in the US dollar. Gold could experience a fresh influx of funds..... Resistance levels: 2623, 2627, 2637 Support levels: 2605, 2600, 2585 Technically gold is in correction and the pressure from bears continues. In the mid (short) term, I expect a retest of resistance at 2623 (a false breakdown is possible) followed by a decline to 2600-2585. It is not excluded that the news may have an opposite effect... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
29
EURUSD → The triple top is in the 1.1200 zone. Falling?FX:EURUSD is facing strong resistance forming a reversal pattern relative to the 1.1200 sideways range boundary. The bulls are not yet able to continue the trend. The dollar is bouncing.... On the back of unpredictable economic data confirming the problems in the US economy (manufacturing, banking sector), the markets are rebounding. DXY strengthens after the market held 100.0 support. EURUSD reverses course amid sentiment changes. Price forms a triple top reversal pattern and faces a strong sell-off, within which breaks trend support. In the short-term, we may catch a correction to the imbalance zone (with the aim of retesting the previously broken channel boundary), after which the decline may continue to 1.100, 1.095, 1.089. Resistance levels: 1.11, 1.1125, 1.115 Support levels: 1.107, 1.104, 1.100 ADP NonFarm ahead and before the news, the market may quiet down and form a correction. In case of EURUSD, the zone of interest is 1.11 - 1.113. The fall may resume from these zones.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
2
BITCOIN → False breakout of $ 65,000. What's next ↓ ?BINANCE:BTCUSD entered a strong buying zone (above 65K), but the bulls failed to realize the potential. The price returned in the channel boundaries, eliminating the positively-minded... A false breakout is forming relative to 65K. After the liquidation and strong impulse, a small correction is formed, directed to the imbalance zone. The retest may end with the bears holding the defense below 65K, in this case the price may start a gradual decline due to the lack of opportunity to break through 65K (in this case the all-time favorite pattern “Head and Shoulders” may form here). The focus is on the support 62745, below which an ogrom pool of liquidity is formed, if the price enters this zone, the market may spill down.... The global range of 65K - 55K is still relevant. It is not excluded that the resistance can be broken quickly, but for the moment the fight for 65K is still going on... Bears will be able to confirm their victory provided the price consolidates below 62800. Resistance levels: 65K, 66K Support levels: 62745, 61320 As the fight for 65K continues, the bulls may make another attempt on the background of the retest. If they will be able to consolidate above the 65-66K zone, the price will head to the global resistance - 68-69K, where a more serious, fierce struggle will develop... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Short
by RLinda
12
DOGE → Another manipulation or growth? What to expect next?BINANCE:DOGEUSDT in the distribution phase is aiming for a strong resistance at 0.11546. The global and local trend is bearish and there are no hints of breaking it yet. A contrend rally is forming.... On H4, the sideways range plays a relevant role. The last time we tested 0.11546 at the moment of its formation - exactly 1 month ago. There is no potential for breaking the level and further growth on the background of such a strong movement. The most probable scenario in this case is a rebound or a false breakdown, which may lead to a correction. BUT! The structure may be broken if there is no pullback or the coin will start to form consolidation near 0.11546 with further signs of resistance retest and readiness to go higher.... Resistance levels: 0.11546 Support levels: 0.11099, 0.107, 0.103 DOGE does not enjoy any strong interest from traders due to the high level of manipulation by big players. At the moment, on the background of the global bearish trend it is worth looking for strong resistance levels with the purpose of catching bounces Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGEUSDT ;) Regards R. Linda!
Short
by RLinda
9
GOLD → The safe asset continues to be bullrun ↑FX:XAUUSD does not react properly to the growth of the dollar. The metal continues to renew highs and seeks upward. There is no resistance ahead and the geopolitical backdrop is blowing a favorable wind.... Gold is holding near an all-time high as buyers refuse to give up amid recent Fed comments, China's stimulus (China's Central Bank today announced an unprecedented blitz of support for the economy) and escalating geopolitical tensions in the Middle East. China is the world's top consumer of the yellow metal The gold price tends to benefit from geopolitical tensions due to its traditional safe-haven status. Also, the Fed will continue to hint at another 0.5% rate cut Resistance levels: 2634, 2640 Support levels: 2623, 2614, 2602 The general background hints at an active continuation of the growth. If gold will consolidate above the maximum of the previous day, then in the mid (short) term we should consider the continuation of growth to 2650-2660-2675. It is not excluded that there may be a correction before further growth due to the approaching important news... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
21
GOLD → Is it worth going up against knives? No trading history.. FX:XAUUSD continues to renew its high without any strong pullbacks. Buyers continue to behave quite aggressively before strong news. But everywhere there are risks and BUT!!! There is a lot of news ahead before the important Fed meeting on interest rates, where they are likely to be cut. The question of “by how much” remains open, as weaker data (25 basis points) could trigger an unexpected reaction in the market that could lead to a correction.... But before that we have to face retail sales, CPI, FOMC.... Volatility will be elevated in the week ahead.... BUT! For intraday trading right now, there is such a problem as lack of history. You need to build a strategy from the general technical and fundamental background, as well as from local levels and key zones. BUT! The market is strongly bullish and before the news there can be both profit-taking and continuation of the rally.... Resistance levels: 2588, 2600, 2610 Support levels: 2577, 2573, 2563 The local range 2588 - 2577 is being formed. Before the news, traders may go into a consolidation phase, but we should keep an eye on the dollar, if it starts its downward flight, gold will react accordingly. Accordingly, a breakout of the local range boundaries may trigger a move to one side or the other. REMEMBER! The market is bullish! Selling without proper reasons is the same as going against knives! Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
25
GOLD → Liquidity is a magnet. Getting ready to test 2475FX:XAUUSD like the TVC:DXY is going up, only the currency has a reason, and gold forms this movement based on manipulation. The price is at a strong resistance and a double top, which forms the prerequisites for a decline towards 2490-2475. The dollar is strengthening on the background of a weak report on the U.S. labor market, as well as due to the Asian market, where fears of a slowdown in the Chinese economy are growing, despite the fact that traders expect lower interest rates next week. The theme of a “hard landing” for the U.S. economy is still on a high tone.... The reason for gold's rise since the beginning of the trading session on Monday is behind the decline in US Treasury bond yields All eyes are still on the US inflation data due to be released on Wednesday... There is no reason for the price to move out of the range, accordingly, gold will continue to form a sideways (neutral) market direction. Resistance levels: 2507, 2516 Support levels: 2500, 2494, 2484, 2475 Technically, the price is bouncing off 0.5 fibo, forming a double top with no opportunity to reach the upper boundary of the range as there is no interest for MM. The key liquidity is hidden in the lower part of the range, where, most likely, the price will seek in the near future on the background of the dollar growth Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
29
LTC → Price exit from accumulation ↑BINANCE:LTCUSDT is coming out of accumulation, breaking the structure of the “descending wedge” pattern - a rather strong bullish pattern. Price is still pinned by resistance, but the bulls have a chance... Globally, there is no trend in the market. The price is in a sideways movement between 114.0 - 56.0, which I consider a positive reason for a possible rise, as the price moves between the levels in a range. But we have prerequisites for possible growth (consolidation above MA-50, break of the wedge resistance), theoretically the price can head towards the resistance of the global range. Emphasis on the area of 0.5 fibo - 67.8. If the bulls successfully manage to keep the defense above the mentioned zones, in the mid-term the coin can show a good realization towards 76.9 - 88.6. Resistance levels: 67.8, 76.9 Support levels: descending line, MA-50, 0.5 Fibo Perhaps the primary retest of 67.8 will not bring success and the price may form a small correction, but the gradual return of the price to the retest will increase the chances of a breakout. A fixing above the level will be a good signal for growth! Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:LTCUSDT ;) Regards R. Linda!
Long
by RLinda
5
GOLD → Risk zone! One step away from a prolonged correctionFX:XAUUSD is trading in the lower half of the key range. The price failed to hold above 2493, the market is spilling back to support. But, there are nuances pointing to both a rebound and a possible fall..... The trend is still bullish. The price is entering the risk zone of 2470 - 2480. If the bulls do not keep the price above this zone, we should expect a prolonged correction. But, there are Initial Jobless Claims and NFP report ahead, which traders are waiting for so much. The economic nuances can both strengthen local movements and revive the global trend. On H1 the price is strongly declining to the support, such a fast movement is fraught with a rebound, which can bring the price back to 2493 - 2500 and this is probably the key movement. But there is a but everywhere! It is hard to tell from the volumes that the buyer is ready for any action. False breakout and consolidation above 2477 may affect the growth. Resistance levels: 2493, 2500 Support levels: 2477, 2473, 2450 But the fall is not excluded. If there is no reaction to the 2477-2473 zone in the form of a rebound, and gold starts to consolidate near the support, then we should consider a decline, the key target of which could be the 2450 zone and the trend line on D1. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSD
by RLinda
16
BITCOIN → Manipulative ShortSqueeze. When to prepare for growth?BINANCE:BTCUSD is not falling below 50K, which is expected by many. The flagship continues to consolidate ( which has been going on for half a year now ) and accumulate potential at the expense of some traders or another, mostly at the expense of sellers. Why am I being positive? . In the second half of August, BTC tried to move into the realization phase and headed towards 70K, but ran into a block of limit orders ( resistance ) at 65K - MM is not ready to let the price go. Having formed a double top, the price returns to the range confirming the fact of false breakdown and liquidation, as a consequence of such actions MM has an interest - liquidity from below ( for this reason I am waiting for initial decline with subsequent growth ). The chart above shows the key zones and possible scenarios to pay attention to when forming your strategy There is no constructive reason for the formed fall and therefore this movement can be considered purely manipulative, the purpose of which may be to buy up the asset through panic selling as well as prolonged accumulation before realization. Resistance levels: 59600, 60500 Support levels: 58700, 57900, 57736, 56078 . The market is still strong but in a range. Any attempts to sell-off are aggressively bought out by whales ( liquidity withdrawal ). On W1-M1 a stop is forming after a strong rally, which is considered as a controlled consolidation within the bull cycle, which is far from ending. The high probability scenario of that technical nuance is an upward distribution of accumulation. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
Long
by RLinda
42