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EURO - Price can correct to support area and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to flat, where it some time traded between $1.0460 level and top part of flat. Later, when price reached top part of flat again, it turned around and started to decline, and soon broke $1.0460 level. Price exited from flat and continued to decline in falling channel, where it some time traded near resistance area first. Next, Euro dropped to support level, after which at once bounced up to resistance line of channel and then fell back. Also, price fell to support line of channel, but soon backed up and now trades close to $1.0260 level. In my mind, Euro can fall to support area and then bounce up to $1.0380 support line of falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
7
GOLD - Price can reach resistance level and then start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price declined in falling channel, where it at once broke $2715 level and fell to support line of channel. Then price moved up to resistance line of channel and then continued to decline to $2536 points. Gold broke $2605 level but soon it made an upward impulse, exiting from a channel and breaking $2605 level again. Also, price started to trades inside flat, where it twice reached resistance level and then dropped to support line. After this, Gold exited from flat and started to grow near support line, and later it bounced from this line. Now, I think that XAU can reach resistance level and then start to decline to $2625 support line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
12
BITCOIN - Price can little correct and then continue growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago, the price rose to resistance line and then turned around and dropped to support line, which started to grow. Then BTC rose to almost to resistance level, after which made a correction to support line and then continued to rise. Soon, BTC broke $102000 level and reached resistance line, after which price turned around and made downward impulse. Price broke $102000 level with support line and started to trades inside flat, where it reached $92600 level. BTC some time traded inside this level, and later price bounced and reached resistance level. Recently it fell to support level and then started to grow, so, I think it little correct and then continue to grow to $99900 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
14
EURO - Price can turn around from support area and start growHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price declined inside falling channel, where it reached resistance line and then fell to $1.0455 level. Then price moved up to resistance line, some time traded near, and then made downward impulse. Price exited from channel, breaking $1.0455 level, and started to trades in flat, where it at once rose to resistance area. In flat, price so long traded in resistance area, after which it turned around and corrected to $1.0250 level. Euro backed up to resistance area, but at once bounced and dropped below $1.0250 level, breaking it and exiting from flat. I think that price can turn around in support area and then bounce up to $1.0365, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Euro can rise a little and then continue to fall to support lineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days started to trades inside the range, where it reached the top part at once and then dropped to the bottom part, breaking the resistance level, which coincided with the seller zone. Also then, EUR declined to the current resistance level, and even a little below, after which made a strong impulse up, backing up to the range, where it later broke the 1.0520 resistance level one more time. Then price some time traded inside the range and later reached the resistance line, after which started to decline. In a short time, the Euro declined to the current resistance level, thereby breaking the 1.0520 level and exiting from the range and then some time trading near the 1.0350 level. After this, the price broke this level and fell to the support line, but at once rebounded and rose to the resistance line, breaking the 1.0350 level again. A not long time ago, EUR broke the 1.0350 level one more time and continued to decline. For this case, I think that the Euro can rise to almost resistance level and then continue to fall to 1.0190 points, which coincides with the support line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
GOLD → Resistance retest before falling FX:XAUUSD is consolidating and deliberately approaching the resistance 2667. The upward market structure is focused on a breakout of the resistance. But the other question is whether the breakout will happen, because the sticks in the form of economic data have been in the wheels for a long time now Based on the market behavior, we can assume that before the possible fall there may be a liquidity grab and a retest of the key resistance, as buyers became more cautious after the discouraging data on inflation in China and hawkish Fed meeting minutes. To be honest, gold's current rise is not clear to me as there is no reason for it except for Trump's tariff plans towards multiple countries. Fundamental data is negative, there is no new news from hot spots, the dollar is rising, global inflation is rising, the Fed has become hawkish, there are so many nuances providing resistance to the metal. Resistance levels: 2667, 2675 Support levels: ascending line, 2656 Technically the structure is bullish and in the short term I am waiting for an attempt to break the resistance 2667. In this case a retest of the zones of interest 2675, channel resistance or 2692 from which a correction can be formed is possible. Regards R. Linda!
FX:XAUUSDShort
by RLinda
3
BITCOIN → Retest of key support. What can happen?BINANCE:BTCUSD continues to form a consolidation, this could continue until Trump's inauguration. Price is approaching a key support level and a liquidity zone that harbors both crowd fear and huge potential. On W1, price is trying to consolidate above the global rising line playing the role of support. Buyers can aggressively defend this area because if this area is lost, price could very easily and quickly descend to 72-75K. Bitcoin has moved into a local correction due to economic data, but the global fundamental picture is quite positive (thanks to Trump and community interest). Levels in the 91K - 89K - 86K zone are attracting the attention of major players as these are psychologically important and historically strong buying zones, especially against the backdrop of a strong bullish trend. The current flat and consolidation boundaries may persist as traders and the community wait for Trump's inauguration and his active actions, and the economic data had only a temporary impact. Resistance levels: SMA, 99.5K, 102.5K Support levels: 91.7K, 89.3K, 86.7K A false break of support can provoke quite a violent reaction. After such a strong fall, I expect a rebound rather than a breakdown. I do not exclude a retest of 89-86K before further growth. Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
4
GOLD → The calm before the storm. What to expect?FX:XAUUSD is consolidating above 2645 and trying to test the strong resistance of 2664. Downside risks are quite high and it may happen after liquidity capture. Gold has high risks due to yesterday's favorable data in the US. Hawkish expectations for the Fed, strong economic data put the dollar back on the northbound train. Markets priced in a 35% chance of a Fed interest rate cut this month. Trump takes office on Jan. 20 and his proposed tariffs and protectionist policies are seen as inflationary, requiring higher interest rates and a stronger U.S. dollar. If risk aversion intensifies amid renewed geopolitical tensions in the Middle East or Trump's tariff threats, that could send gold higher A symmetrical triangle is forming on D1, which confuses everyone - where will the price go? And all because the technical situation is neutral. Resistance levels: 2664, 2674 Support levels: 2645, 2632. False breakdown of resistance can provoke a fall to the strong support, the border of the triangle. Gold is growing reluctantly and slowly, as if something is in the way, and the risks and pressure are increasing. BUT! If the price goes to 2664, it is important to watch the price reaction to this level: consolidation above the level may provoke further growth to 2674. Similarly with the support of 2645 Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
GOLD → Retest of the level after its breakoutFX:XAUUSD inside the new flat is looking for strong support. The fundamental backdrop is complex and amid high risks, buyers are looking for a safe haven Fundamentally, the situation is complex, the weakening of gold is influenced only by the hawkish stance of the Fed and the growth of the dollar. But the pressure for further growth is exerted by many other factors: the escalation of the conflict in the Middle East and Eastern Europe. Trump's protectionist policies toward europe, asia. Geopolitical risks in the world. Technically, the price is testing a strong support area after breaking through resistance. Below is the key Fibo level of 0.5 - 0.7, which may play the role of the lower boundary from which the bulls will start an aggressive game. Support levels: 2637, 2630, 2616 Resistance levels: 2649, 2665 In general, I am more inclined for a medium-term decline, but the local situation is quite tense and complicated. If the bulls hold 2630 - 2640, the gold will continue to rise If the bulls lose, the price will form a deeper correction with the possibility of further prolongation of the fall. Regards R. Linda!
FX:XAUUSDLong
by RLinda
15
EURO - Price can bounce up from support zone to $1.0430 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few days ago price traded inside flat, where it made a gap and then fell to $1.0470 level, after which started to grow. Then Euro exited from flat and started to decline inside pennant, where it bounced from resistance line to $1.0470 level. Price some time traded near this level and then broke it, after which fell to $1.0350 level and then started to grow. In a short time, price rose to resistance line of pennant, after which bounced from it and fell to $1.0350 level. Now, Euro traded near this level and I think that it can fall to support zone and some time trades inside. After this, price can turn around and start to grow to $1.0430 resistance line of pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
GOLD → Breaking the resistance level. Growing interestFX:XAUUSD enjoys interest despite the growing dollar. Geopolitical and economic crisis is the reason for seeking safe harbor. The price is breaking resistance and trying to renew local highs On the first trading day of the new 2025, gold rose along with DXY amid escalating geopolitical conflicts in the Middle East and eastern Europe and rising tensions around the upcoming policies of Trump and the Fed. Traders are awaiting US manufacturing PMI data from ISM and the Fed President's speech due later on Friday for more trade stimulus for the gold price. Support levels: 2649, 2639 Resistance levels: 2675, 2690 A false breakdown of key support areas is possible. If after the false breakdown the bulls hold the defense above 2639 - 2649, gold may strengthen to 2675 - 2690 in the short term. Regards R. Linda!
FX:XAUUSDLong
by RLinda
4
EURUSD → The bears are stepping up the pressureFX:EURUSD continues to form a downtrend. The price updates the local minimum, reaching the target indicated last year :). What's next? Fundamentally, the situation is weak due to Trump's policy towards the euro zone. The strong dollar also increases the bearish pressure on the market. Technically, the priority figure is the downtrend and the previously broken consolidation boundary - 1.033. It is this zone that the price is currently aiming for as a zone of interest. Resistance levels: 1.033, 1.0448 Support levels: 1.022 Both technically and fundamentally the situation is weak, therefore, the emphasis on strong resistance levels from which the fall may resume. Regards R. Linda!
Short
by RLinda
1
USDJPY → Consolidation in the buying zone FX:USDJPY continues its bullish rally on the background of growing dollar. The fundamental background is on the side of the dollar, which is generally a negative factor for the yen. Technically, the price is still inside the uptrend. Moreover, the currency pair is breaking the flat resistance and after the correction and false breakout, it is consolidating above 156.75. If the bulls hold the defense above this level, the currency pair will head towards 160-162 in the medium term. The technical and fundamental background is on the side of the buyer. Resistance levels: 157.76, 160 Support levels: 155.88, 154.5 Price consolidation above 156.76 and further breakdown of the local maximum will provoke active purchases, which may lead the price to the targets indicated on the chart. Regards R. Linda! Happy Holidays and a productive 2025!
Long
by RLinda
2
BITCOIN → High risk. Falling towards 70K or rising towards 100K?BINANCE:BTCUSD is forming a correction phase after Powell's speech last week. If the price goes beyond the accumulation boundaries, there will be a risk for a strong fall as the price is approaching the panic zone... Bitcoin is still in high demand, but private traders are going into a phase of profit taking after negative news, while institutional traders are taking advantage of the moment and buying the asset at a cheap price. But it doesn't mean anything. Fundamentally, Trump gives a big chance to the cryptocurrency market, but after winning the presidential election the excitement starts to fade and then the risk of revaluation increases. If the market does not get what it was promised, a deep correction may occur. Also, the Fed played a negative role last week: slowing down the rate cuts and negative tone about the strategic reserve and reluctance to have BTC on their balance sheet. Technically, despite the breakout of the ascending channel support, the price is still inside the 99K - 86K consolidation Resistance levels: 99300, 103600 Support levels: 91780, 86700, 82700 The price is approaching the support. If the market keeps the price in this zone, bitcoin will have a chance to recover to 100K. But, if the fight for 86-84K zone starts, then everything will depend on the general market background, a negative background can provoke a breakdown of strong support and the price will fall into the void zone... Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
24
GOLD → Correction before further declineFX:XAUUSD is testing the zones of interest within the counter-trend correction after it managed to break a rather strong level earlier. The fundamental background is not very good, there is bearish pressure on the market. The negative impact on gold is built around the hawkish stance of the Fed (inflation, Trump's future policy and the economic data of the last two weeks). The cycle of interest rate cuts may slow to 2 rate cuts for 2025. Friday's correction is mainly due to PCE data, but I don't think it will change the global picture. Towards the end of the year, it is logical to reduce liquidity in the markets, which could increase mispriced volatility in the market. Be careful! The gold market is still supported by the conflict in the Middle East and Eastern Europe. Technically, price is forming a flag after a strong decline. At the moment the price is inside the pattern and for trading it is worth paying attention to the boundaries of the local channel. Resistance levels: 2620, 2631, 2640 Support levels: 2606, 2560 Emphasis on 2620. If the bears break the level and keep the defense below the level, it can generally increase the pressure, which will provoke the price drop. But I do not rule out an attempt to break the channel resistance and retest 2640-2650 before a further fall. Regards R. Linda!
FX:XAUUSDShort
by RLinda
2
PNUTUSDT → Double bottom. One step away from a rally BINANCE:PNUTUSDT.P accumulates good potential for possible growth by 30-50%. After a strong fall (Dump), a reversal pattern appears on the chart. Against the background of bitcoin standing still, pnut forms a double bottom and enters the rally phase. There is resistance at 0.75 ahead. If the coin can break this zone and keep the defense above the level, the coin can fly to 1.0 in the short to medium term. Resistance levels: 0.75, 1.0 Support levels: 0.6 If the bulls can overcome the strong resistance of 0.75 and can consolidate above this area, we have a great coin with good upside potential. Primary target is 1.0, next targets are 1.15, 1.35. Regards R. Linda!
Long
by RLinda
5
EURO - Price can decline to support area and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price started to trades in flat, where at once fell to resistance level, which is located in resistance area. Then price started to grow and rose to top part of flat, making a first gap, after which started to decline. In a short time, Euro fell below $1.0770 level, breaking it and exiting from flat and continuing to fall in triangle. In this pattern, price fell to support level, after which made a second gap and rose to resistance line. Then EUR turned around and in a short time declined to support area, after which rose back, making a fake breakout. Now I think that Euro can fall to support area and then bounce up to $1.0570, exiting from triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
GOLD → Consolidation after the fall. Trading inside the rangeFX:XAUUSD is forming consolidation in a new bearish plane after a strong fall on Wednesday. The emphasis is on 2622 - 2581. The fundamental background is negative and technically the price is testing the lows. On Wednesday, the Fed adopted a more conservative approach to monetary policy, laying down only 2 rate cuts in 2025, which generally had a negative impact on the whole market except for the dollar, which is breaking through local highs. Today traders await the release of the PCE, which is the Fed's preferred measure of inflation. Any surprise in the PCE data or an escalation of political uncertainty could push metal prices up. From a technical point of view, the gold market remains in the previously mentioned consolidation, and prices fluctuate in wide ranges, which is generally logical for the end of the calendar year: reduced liquidity and increased volatility... Resistance levels: 2616, 2622 Support levels: 2589, 2581, 2560 Since the price is inside the consolidation, it is worth considering trading from the boundaries of this range. In the long term, I expect a retest of the key resistance 2616-2622 in the form of a false breakdown and a fall towards local lows Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
GOLD - Price can start to decline, breaking support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price fell inside falling channel, where it soon reached and broke at once $2720 level. Then price continued to decline and later fell to $2535 points, after which XAU started to grow. Price exited from falling channel and soon entered to flat, breaking $2620 level, where it soon reached top part. After this, price was corrected and some time traded near $2620 level, and then grew to top part one more time. But soon, Gold turned around and declined Below $2620 level, exiting from flat and recently rising back to this level. Now, I think that Gold can make a small move up and then start to decline to $2540 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
GBPUSD → One step away from breaking support and falling awayFX:GBPUSD is facing difficulties. Negative fundamental background, strong dollar and price entry into the selling zone gives a bunch of preconditions hinting at the continuation of the fall Yesterday the UK GDP came out, which remained at the same level, there is no driver for GBP at the moment, but there is for USD, which is growing after interest rate cuts, but the growth is not because of this, but because of hints of stopping the cycle of further rate cuts and the change of officials' mood to hawkish, which in general, against the background of Trump's policy indicates medium-term potential. Technically, the currency pair is testing the risk zone, a false breakout will form a rebound reaction and I think it will be a short-term reaction. Resistance levels: 1.257, 1.2597, 1.2665 Support levels: 1.2488, 1.245 After the false breakdown, the currency pair may test the local resistance. But retest of the support within 1-3 days will play an important role. Formation of a pre-breakout base at 1.2488 will strengthen the potential for further decline With Respect R. Linda!
Short
by RLinda
2
GOLD → Interest rates are down, but why is gold falling?FX:XAUUSD falls to 2581. Yesterday's news had a negative impact on the market and it's not about rate cuts. Technically the price confirms the bearish nature of the market. The main reason for the decline in gold prices is the Federal Reserve's caution about lowering interest rates amid the latest economic data. The US central bank lowered the interest rate by 0.25% to the range of 4.25%-4.50% as expected, but for the next year it forecasts 2 rate cuts, which is much less than expected. The Fed's hawkishness has played its role: the dollar is rising, markets are falling. Today all eyes are on GDP and initial jobless claims. Technically, the price is out of the global channel, breaking the support, gold updates the low to 2581. Resistance levels: 2620, 2630, 2636 Support levels: 2616, 2612, 2603 After updating the low, a retest of the previously broken channel boundary and imbalance zones is formed. False breakdown of key resistance, for example 2620 or 2630 and subsequent consolidation of the price below these zones may lead to further decline. Regards R. Linda!
FX:XAUUSDShort
by RLinda
10
GOLD → Ahead is the Fed and the rate decision. What to do?FX:XAUUSD tested strong support on Tuesday at 2633 before traders moved into a buying phase, hoping a possible rate cut would support their intentions There is a 93% probability that the Fed may cut interest rates by 0.25%. But the thing to pay attention to here is the general backdrop - the Fed's stance. Hawkish hints about 2025 could have a much bigger impact than a rate cut, which is partially already factored in by the market. Any hint of fewer rate cuts next year could be a growth driver for the dollar. Powell's comments play an important role in assessing the situation for next year against the backdrop of Trump's policies Downside risks for gold are quite high due to the controversial situation in favor of the Fed's hawkish stance. Technically, the emphasis is on the local channel. A price exit beyond 2658 or 2633 will be accompanied by a strong impulse. Resistance levels: 2658, 2675 Support levels: 2645, 2633, 2620 The situation is very controversial and complicated, that's why several directions relative to the key zones are indicated on the chart. Everything depends not only on the actual rate numbers, but also on the Fed comments, namely we are interested in the tone and stance for next year. Recommendation - skip trading before the event and wait until volatility decreases to be able to adequately perceive the market position Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
GOLD → Manipulation ahead of a possible rate cutFX:XAUUSD is declining after a false breakout of 2658 (0.5 fibo). We can say that this is a manipulation before a possible growth. Technically gold has a neutral trend. The emphasis is on support. Markets continue to consider the possibility that the Fed will lower interest rate by 0.25% on Wednesday. This could spark a bearish rally in the dollar, which would be favorable for gold, which is heading for support. But here we should also take into account the comments of the Fed, which based on economic data is beginning to question its decisions and change into a hawk. The suspension of the rate cut cycle in January may put pressure on the markets, including gold, but this problem is postponed until 2025. Today all eyes are on retail sales. Technically, gold is flat and heading for strong support.... Resistance levels: 2646, 2658 Support levels: 2633, 2620, 2617 Price is heading towards support before the news. Manipulation before a possible rise? The probability is high :) We are waiting for support retest, false breakdown and possible growth to the mentioned targets Regards R. Linda!
FX:XAUUSDLong
by RLinda
12