GOLD → Consolidation. One step away from distribution...FX:XAUUSD is faltering a bit due to high risks before the news. In the moment a strong impulse can be formed. The price is consolidating in the local range. Earlier, the price broke the local upward support....
Traders are consolidating in anticipation of economic data. Volatility is decreasing, speculators are not ready to take risks yet, all attention is focused on PMI, Powell's speech on Thursday and NFP on Friday... A rebound in US dollar demand early Tuesday kept gold buyers on the back foot. China's ongoing economic problems and the threat of global tariffs from Trump, geopolitical tensions in eastern Europe and escalating conflict in the Middle East continue to weigh on investor sentiment.
The future direction of the gold price is likely to depend on upcoming employment data and its impact on expectations of a Fed rate cut
Resistance levels: 2660, 2655
Support levels: 2634, 2618, 2605
Since there is no even direction on the market and the price is inside the channel, we will consider trading from its borders. Therefore, a false break of the key resistance may provoke a fall to the support of the range.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
FLAG
BITCOIN → The market is getting ready to pass 100K. New targets?BINANCE:BTCUSD after a strong rally is consolidating without the possibility to form a deep correction, which indicates that the coin is ready to update the highs and go higher, for example, to 100-105-110K.
Despite the fact that bitcoin is losing its dominance in the market and it is possible to say that the alt season is open, the flagship of the cryptocurrency market has a huge potential to continue the rally. At the very least, the market is interested in reaching 100K, from which we are one step away.
Fundamentally: whales continue to accumulate the asset, buying up at every opportunity. Trump with his policies on cryptocurrencies is still a strong driver for the flagship and the cryptocurrency market as a whole...
Technically: The recent local correction is just a trap to gather liquidity before further growth. Pullbacks are now attracting large institutional buyers
Resistance levels: 99K, 100K
Support levels: 94.7K, 91.25K, 89.2K
An ascending triangle can be seen on the chart, which can be interpreted as a buyer's interest in breaking the resistance. The bulls continue to put pressure on the market.
Trigger 99K. If this zone is broken, bitcoin could go to 105K
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;)
Regards R. Linda!
GOLD → Interest in metal is growingFX:XAUUSD on the background of support from the dollar correction updates local maximums and aspires to the liquidity zone. Reduced liquidity due to the holiday weekend in the West also plays its role on the markets
Gold holds within the boundaries of the local ascending channel on the background of restrained dynamics of the US dollar, mainly due to the data on inflation... Dovish sentiment regarding further Fed policy actions continues to support the gold price, which is not a subject of interest.
There is growing interest in gold as a hedge asset on the back of the exalized conflict in Syria, as well as in Eastern Europe.
Technically, the emphasis is on the channel borders, as well as on the resistance of 2677 and 2690. A sharp approach of the price to these zones may provoke a pullback.
Resistance levels: 2667, 2677, 2690
Support levels: 2660, 2654
If the bears hold 2660, the gold may correct to the channel support. But at the moment the price is heading towards the resistance. Keep an eye on these levels!
Regards R. Linda!
NZDUSD → False breakdown of a double bottom. But...FX:NZDUSD is forming a local reversal pattern on the background of the dollar correction. It is too early to talk about a change of trend, but we can get a correction with the purpose of retesting the liquidity zone
On the daily timeframe earlier a false breakdown of the double bottom was made, the price was not let down and in a few days began to buy out on the background of news on inflation from the USA. Traders took the decline in inflation relatively positively and moved to profit-taking in the dollar, which gives the forex market a chance.
For now, the focus is on the 0.59-0.5912 zone. If the bulls can keep their defenses above this zone, we may get a rise to 0.597 (towards the descending channel resistance) in the long run
Resistance levels: 0.5912, 0.5972
Support levels: 0.588, 0.58166
But, we should not deny the downtrend. From any resistance the price can continue downward movement, as there are no preconditions that the market is ready to change the trend.
Regards R. Linda!
EURJPY → Support breakdown. Attempt to change the trendFX:EURJPY seeks to renew lows. The dollar rally is negatively affecting both JPY and EUR. The Eurozone has yet to face Trump's policies, while Japan is already going through a rough patch....
The currency pair is exiting the ascending channel, hinting at a trend change. The price breaks support and consolidates in the selling zone. Ahead is the key support at 161.2, the breakdown of this zone may provoke the bears to more active actions.
Technically and fundamentally, the currency pair is entering the downward rally phase, so the trend change is just the beginning....
Resistance levels: 162.04, 162.5, 163.2
Support levels: 161.16, 158.4
The focus is on the channel boundaries, resistance at 162.04 and support at 161.16. From these zones an aggressive fall may be possible, as buyers do not believe in a positive outcome at the moment
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;)
Regards R. Linda!
GOLD → A break of 2600 will make buyers panicFX:XAUUSD is returning to the sell-off phase due to the change of fundamental background. Buyers are unwinding their positions and the price is entering the sell-off zone
The main reason for the fall is the ceasefire between Israel and Hezbollah. The first rumors appeared early Monday morning and the market reacted accordingly. Everyone is still waiting for the actual confirmation of the rumors.
Also Trump is beginning to hint at increased tariffs on goods from Canada, Mexico and China. Active actions will start in January, after the inauguration of the new US president.
But, the risks are still high due to the escalated conflict between Russia and Ukraine.
Technically, gold is returning to the channel, marking a strong resistance at 2632 and 2620. (a retest of the zone is possible before a further fall).
Resistance levels: 2632, 2620
Support levels: 2605
A price consolidation below 2620 or below 2605 will strengthen the sell-off phase. The fundamental background is weak, which increases the pressure of bears. In the mid-term, I expect the decline to continue after the breakdown of 2605-2600
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
USDJPY → False breakdown of uptrend supportFX:USDJPY is forming a false breakdown of the support of the ascending price channel. On the background of the dollar rally and strong sales of the Japanese national currency, it can be a good signal for the continuation of growth
On D1 we can clearly see the upward, bullish market structure. There are no deep corrections, strong fundamental background and aggressive support from the rallying dollar. This picture may have a medium-term character and the market has a chance to test the ATH, provided that Japan does not start to take any measures to strengthen the JPY.
Technically, the currency pair is consolidating above the strong support at 153.9 and intends to go even higher. There are two strong resistances ahead.
Support levels: 153.9, 153.5, 152.2
Resistance levels: 155.36, 155.8, 156.7
Accordingly, a price fixation above trend support or above 155.4 will be a good signal that we are ready to go up
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;)
Regards R. Linda!
APE → Consolidation before a possible rally. Focus on 1.200BINANCE:APEUSDT is forging a consolidation within an ascending price channel after the dump, this is a hint that the coin is getting ready to go up.
Smoothly the global trend is changing to bullish. The alt season could start any minute and everything partly depends on bitcoin's dominance in the market, which is gradually decreasing as BTC approaches the psychological level of 100K.
Technically, APE is forming a consolidation with 1.200 as resistance and 0.90 as support, but within this range, an upward channel is forming, indicating that buyers are starting to intervene in the game, gathering potential for further upside.
A break of 1.200 could trigger a bull run towards 1.44 - 1.800.
Resistance levels: 1.200
Support levels: 1.032, 0.963, 0.9
Technically, we can say that an ascending triangle is forming against 1.200. I do not exclude the fact that the price may test the support before further growth, as altcoins react extremely aggressively to any weak corrections of bitcoin. But, I would prioritize trading on a break of 1.200 resistance with the aim of further growth
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:APEUSDT ;)
Regards R. Linda!
NEAR - Flag pattern - Next Target is 27$#NEAR #Analysis
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Description
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+ Near has formed a nice flag pattern and price is waiting for breakout from the flag
+ Next target for near is 27 as per flag pattern, this could happen in the peak of bull run
+ next push could break the resistance and you can enter a position at the current price.
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VectorAlgo Trade Details
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Entry Price: 5.2
Stop Loss: 3.499
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Target 1: 6.290
Target 2: 8.069
Target 3: 13.503
Target 4: 17.690
Target 5: 28.022
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
EURUSD → Consolidation “flag”. Willingness to go below...FX:EURUSD is forming a consolidation in the “flag” format, the purpose of which, in the current situation, is to accumulate the potential for continuation of the trend... Fundamental background is still negative.
On D1 we can clearly see the consolidation below the key level of 1.0600 after a strong fall. There is no proper and logical reaction in the form of a pullback. Accordingly, based on this we can conclude that the dynamics and strength of the buyer is not enough to reverse the local situation.
The dollar is starting the recovery phase again, which may put pressure on the euro.
Technically, the emphasis on consolidation “flag”. The exit of the price from the boundaries of this channel will provoke further movement.
Resistance levels: 1.0606
Support levels: 1.0521, 1.044
It is not worth trading inside the flag. The exception is a retest of resistance. Opening an order is acceptable after a false breakout.
But, the emphasis is on 1.052. Breakout and fixing of the price below this zone can strengthen the fall
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
BTCUSD | 95K Target 1:1 Move | BullishThis will be the first big trade at the start of the exponential cycle we're about to witness for the 5th time in BTC history.
Considering the descending broadening wedge pattern, a 1:1 move into the pattern gives a price target of roughly $95k.
It can also been seen as a flag pattern which also reads a $95k impulse target as seen below:
If you want to look at more longer-term targets and analysis of CRYPTOCAP:BTC , I've attached 3 of the charts I've made which will satisfy that long term bullish outlook.
Best of luck to you all out there involved in this space and remember, manage your risk appropriately.
GOLD → Market confirms downtrendFX:XAUUSD is testing resistance of a key descending channel. Bears continue to resist based on important fundamental aspects of the global economy
Fears of further geopolitical escalation between Russia and Ukraine are likely to subside a bit. In addition, the Fed speech will help determine the U.S. central bank's future path on interest rates. Attention is focused on the December rate meeting....
Technically, the gold confirms the downtrend channel, so we have a key trend to follow in our trading decisions.
A false breakdown of the local resistance at 2627 is forming. Consolidation of the price below this zone may provoke further decline
Resistance levels: 2627, 2643
Support levels: 2694, 2560
Another resistance retest is possible. It will be possible to talk about buying after the price will be able to break 2643 and consolidate above this zone (additional scenario). But in priority I consider further decline from 2627 or from the channel resistance
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
NZDUSD → Consolidation before the continuation of the fallFX:NZDUSD amid bearish rally is not going to pull back, forming consolidation in front of 0.5894 with the purpose of continuing the fall...
Last week the price tested the key support at 0.585, closing below the level, hinting that the market is ready to go further.
The strong rise in the dollar is extremely negative for the forex market. The excitement has not subsided yet and most likely the current movements may get a continuation.
Since we have a downtrend, we should prioritize selling from strong resistance zones or supports. Focus on the key range.
Resistance levels: 0.5864, 0.588, 0.5912
Support levels: 0.584
Accordingly, I do not exclude the fact that the market may test the resistance in the format of a false breakdown and further fall. But, since we are close to the support now and the price is forming a pre-breakdown accumulation, we should consider a breakdown of the support in the first place
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDUSD ;)
Regards R. Linda!
GOLD--> Buyers stop believing in gold. Are the bears coming?OANDA:XAUUSD rose, but remained below $2,600 early on Monday, snapping a six-day losing streak. Geopolitical risks favored the safe-haven metal amid reduced demand for the US Dollar.
However, expectations of a less aggressive Fed rate cut and rising US Treasury yields are likely to limit further gains for XAU.
Attention is now focused on the upcoming speech by Chicago Fed President Austan Goolsbee, as there are no major economic releases due on Monday. Geopolitical developments will also be closely watched to see if they have any significant impact on the safe-haven asset.
Technically, Gold is forming a smooth and calm move towards new highs after a false breakout near $2,575. Notably, an uptrend is emerging on the H1 timeframe.
A pullback to the imbalance zone or local resistance level may form before the news as traders try to recover losses. However, I predict that after this correction, the price will likely continue its downtrend.
The company!This company has no fundamental issues. It’s the second most important client for NASDAQ:NVDA , with the most efficient and modern cooling system available, supporting #Grok by #XAI by #ElonMusk. It suffered a setback due to rumors started by a hedge fund. Later, just before it could timely present its 10-K filing, an unprofessional auditor from Ernst and Young resigned, leading to another crisis. However, the company has stepped up, and, to top it off, all the VPs, along with the CEO, bought shares frantically.
Now, technically speaking, the structures are there, with a mega bull flag pattern that could take us back to the 90s.
Is it worth the wait?
I believe it is.
GOLD → A change in structure and a change in trend. CPI ahead!FX:XAUUSD is turning around. The daily session closes below 2604 and the breakdown of the global structure confirms the bearish nature of the market. The fight for the key 2600 zone continues...
Trump's tough policies could slow the Fed's easing cycle, the dollar would then continue to strengthen at the expense of gold... There is another Fed rate meeting in December and obviously the question is: either 0.25% or hold.
All eyes are on the CPI, the data will determine whether the Fed will continue its rate cut trajectory after December.
A downside surprise in CPI could reinforce dovish expectations for the Fed. Conversely, a stronger inflation report could trigger a change in the regulator's stance. Any reaction to the news could be short-lived as attention immediately shifts to Thursday, PPI and Powell's...
Resistance levels: 2616, 2626, 2637
! Key level: 2604
Support levels: 2590, 2569
The fight for 2604 continues, if the bears can keep the defense below this zone, we should expect a fall. But, there is a high probability of correction on the background of news volatility and retest of resistance 2626-2637 before the further fall
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
Solana - We Will See A New All Time High!Solana ( CRYPTO:SOLUSD ) is preparing for an all time high breakout:
Click chart above to see the detailed analysis👆🏻
After dropping -95% in 2022, Solana then rallied an incredible +2.000% and retested the previous all time high. Then we saw a quite long term but tight consolidation and just two months ago, Solana retested the lower support again. It is just a matter of time until we will see a breakout.
Levels to watch: $120, $210
Keep your long term vision,
Philip (BasicTrading)