GOLD → Retest of trend support before the NEWS FX:XAUUSD is forming a false breakdown of the lower boundary of consolidation and support of the uptrend within the correction. Traders are waiting for S&P Global PMI indices in the US.
The gold price has rolled back from the record $2,955, but still retains chances for growth continuation. The decline is due to profit taking as traders prepare for the release of the S&P Global PMI indices in the US.
The PMI data may affect the expectations for the Fed to cut interest rates. Nevertheless, a possible price drop on the back of strong PMI data could be short-lived if Trump's new tariff plans reignite demand for safe-haven assets.
While gold may continue to correct, any drawdowns are likely to be seen as a near-term buying opportunity
Resistance levels: 2933, 2939, 2946, 2955
Support levels: 2924, trend support
A false breakdown of the uptrend support is forming. If the bulls hold their defenses above the key area, gold may continue its rise in the short to medium term. But, the short-term outlook depends on the news
Regards R. Linda!
FLAT
OMUSDT → Flag (correction) before the rally BINANCE:OMUSDT still looks quite interesting. Consolidation in the flag format is forming within the bullish trend. The structure looks strong especially against the background of a weak altcoin market
Bitcoin after Trump's speech yesterday was able to overcome local resistance and entered the buying zone. If the price can hold above 96.5 - 97K and continue its growth, some altcoins may have a bullish driver, which could push them up in general, including the already strong OMUSDT
Technically, the focus is on the local descending flag channel, within which there are two key supports 7.324, 7.213. A false breakdown could trigger a continuation of the upside.
Resistance levels: 7.755
Support levels: 7.324, 7.213
The trigger for growth continuation in our case is the channel border and resistance at 7.755. At the moment, we are still far from this zone and the coin is heading towards the support. A retest of the liquidity zone may end with a bullish impulse.
Regards R. Linda!
GOLD → Bullish trend, but the price depends on the newsFX:XAUUSD bounces off previously tested trend support and gives a chance for possible upside. Economic risks are still high and gold as a safe haven is in demand
Investors are cautious ahead of US-Russia talks in Saudi Arabia where they will discuss a possible end to the conflict in Ukraine.
Weak risk appetite is supporting the dollar, also helped by comments from Fed officials. They express concern about inflation and call for caution in cutting rates. The attention of market participants is directed to the upcoming speeches of the Fed members and the publication of the minutes of the January meeting
Technically, the price broke 2905 in the Asian session, at the moment this area plays an important role as support. The first target is 2922, the second target is 2938
Resistance levels: 2922, 2938
Support levels: 2905, 2893
The most likely scenario is a retest of support amid the global uptrend, as liquidity below 2905 is still of interest to the market. But, the price may continue to rise due to imbalance from the bullish side. A breakout and consolidation of the price above 2915 may also trigger a rise.
Regards R. Linda!
CAKEUSDT → False breakout of resistance. Return to the trendBINANCE:CAKEUSDT is forming a false breakdown of key resistance as part of a bullish rally. Further altcoin decline may be influenced by bitcoin's decline, the flagship looks rather weak
Technically, the move in Cake looks like a counter-trend maneuver to gather liquidity before a further, possible fall. The altcoin market is weak and most coins continue to look for a bottom, while bitcoin is consolidating but with a hint of a decline to 91-90K.
CAKEUSDT is focusing on 2.6144 - 2.7288. If the bears keep the price below these zones, the coin could head down in the short to medium term
Resistance levels: 2.6144, 2.7288, 2.2964
Support levels: 2.420, 2.0634
Statistically, a false breakdown provokes the strongest movements, often even trend changes. In this case, it is a counter-trend movement and if the price reverses locally, the coin will be under the pressure of the trend again. A price fixing below 2.6144 may strengthen the fall to 2.42, 2.06, 1.04.
Regards R. Linda!
GOLD → Price is confirming the flat. Emphasis on 2905FX:XAUUSD within the 2% correction that happened on Valentine's Day confirmed that one should not fall in love with the market. Technically the market is still bullish, the price is inside the range of 2880 - 2940
Investors are waiting for the meeting between Trump and Putin, which may influence the Russian-Ukrainian conflict and reduce geopolitical risks.
Additional support for gold is provided by expectations of Fed rate cuts after weak US retail sales data. At the same time, the markets are watching the escalation of the tariff confrontation between the US and the EU. High volatility is possible in the coming days due to holidays in the USA and speeches of the Fed representatives
The key figure is the ascending support, relative to which a false breakdown and the range of 2880 - 2940 is formed. If the price holds in the buying zone, under the bullish support, we can still see the growth.
Resistance levels: 2904.7, 2922.6
Support levels: 2893, 2880
A pre-breakdown consolidation is forming around 2904.7. If the resistance is broken and the bulls can keep the defense above this zone, the gold may continue its strengthening. I do not exclude a retest of the support at 2893 - 2880 before further growth.
Regards R. Linda!
USDCHF → Struggle for the 0.900 zone. Trend change?FX:USDCHF earlier broke the uptrend when the fundamental background changed and the dollar went into correction. A set-up appears on the chart, which can strengthen the maneuver
Fundamentally, the situation is complicated because of the tariff war, which was organized by Trump, and European countries are reciprocating. Economic risks are on the rise. In addition, after Trump and Powell's hints about possible rate cuts, the dollar went into correction, which has a favorable impact on forex.
Technically, the 0.9000 level plays an important role as it is quite a strong zone. If the bears are able to keep the price below this mark, in the selling zone, it will be a confirmation of the trend change and the price will be able to head down.
Resistance levels: 0.9000, 0.9045, 0.9065
Support levels: 0.89157
I do not exclude the fact that the price may return to the range and test 0.5 Fibo, but the technical and fundamental background hints at a possible decline. Emphasis on 0.900.
Regards R. Linda!
GBPUSD → Attempting a trend change. 1.257 - triggerFX:GBPUSD is trying to take a chance for a trend change amid the dollar correction. The price is testing consolidation resistance for a breakout
On the daily timeframe, the price is consolidating above the previously broken trendline and the attempt to break the resistance is generally indicative of the market sentiment. A dollar correction could favor the pound if the index breaks 107 and heads towards 106-105.
Technically, the focus is on 1.257, a key resistance trigger. A break and price consolidation above this zone could trigger a rally.
Resistance levels: 1.2575, 1. 2718
Support levels: 1.250, 1.2377
I do not exclude the possibility of a retest of 1.250 support in order to accumulate liquidity before further growth. The dollar is likely to continue its correction after Trump's and Powell's comments on rate cuts
Regards R. Linda!
USDCAD → Consolidation before downward distributionFX:USDCAD is stuck in a range (consolidation) between 1.4486 and 1.428. The dollar has been showing negative momentum lately, but with NFP ahead, the data could both reinforce the correction and support the index...
All eyes are on today's economic news. If the actual NFP is below the forecast (169K), it will strengthen the expectations of the Fed rate cut.
At 15:00 the Fed's monetary policy report will be released, which may clarify the further course of the regulator.
If the NFP comes out weak, the dollar may sag and USDCAD may decline.
If the data is stronger than expected, the USD will strengthen, which will lift the USDCAD.
If the Fed hints at a rate cut, it may weaken the USD, supporting the CAD
Resistance levels: 1.4345, 1.4369
Support levels: 1.428
News is uncertainty, as it is impossible to determine the outcome of this situation in advance.
Technically, the currency pair looks weak due to the falling dollar. A break of the support at 1.428 may trigger further decline.
Regards R. Linda!
GOLD - Price can continue to move up inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price started to trades inside flat, where it at once broke $2745 level, but soon fell back to support area.
Next, price bounced up to the top part of flat and then corrected back to support area, where it some time trades.
After this, Gold exited from support area and soon exited from flat and continued to move up inside rising channel.
In channel, price corrected to support line and then in a short time rose to $2850 level and broke it.
Then price reached resistance line of channel and fell to support area, after which it continued to move up.
So, I think that Gold can make a correction and then continue to move up to $2945 resistance line of channel.
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GOLD → Is $3000 still relevant? News aheadFX:XAUUSD has almost touched 2450 and without reaching the psychological target is smoothly flowing into correction with the purpose of respite and filling liquidity before the news and possible growth.
Gold is testing 2450 after Trump's new tariffs, keeping demand high. Investors are waiting for Powell's speech and U.S. inflation data, which may influence rate cut expectations and further dynamics of gold. Gold remains volatile on one side and bullish on the other side due to trade risks and Fed policy.
Technically, a correction is a logical scenario on the back of a strong market. The price cannot rise all the time, it needs energy, which is accumulated at the expense of sellers.
At the moment the emphasis is on such zones as: 2910, 0.5 fibo and 0.7 fibo.
Resistance levels: 2910, 2929
Support levels: 2898, 2882, 2870
Powell speaks tonight and tomorrow is the inflation data. High volatility is possible, but the general economic situation supports the metal.
Before further growth the price may test 2898, 2882. The target in the form of 2950 - 3000 remains relevant.
Regards R. Linda!
SOL → The coin may get a chance for growthBINANCE:SOLUSDT is testing trend support and at the same time bulls are trying to hold their defenses above the intermediate bottom and enter the buy zone.
SOL both fundamentally and technically has good potential. Bitcoin is consolidating at this time and it can give strong coins a chance.
Technically, solana tested the trend support with a touch and is trying to consolidate. I don't exclude the possibility of a false breakdown of the trend support before further growth, but at the moment the focus is on the resistance 200 - 203. If the bulls hold the defense above this area, the coin could strengthen to 245 - 270 - 290 in the medium term.
Resistance levels: 203, 200
Support levels: 188, trend
Emphasis on the local boundaries of the range. The market is struggling for the zone 200-205, bitcoin at this time is forming a local bullish momentum, which can also become a driver for the cryptocurrency market.
Regards R. Linda!
OMUSDT → Consolidation in a triangle before the rallyBINANCE:OMUSDT is a paranormal coin in this case, as it is one of the few projects that shows bullish dynamics while all altcoins are finding bottom after bottom.
Perhaps the situation partly depends on BINANCE:BTCUSD . If it starts to fall even deeper, nothing and no one will help here. But locally bitcoin is forming a resistance breakout and if the bulls hold this trend, the BINANCE:OMUSDT.P coin may have a bullish driver that can support the bullish movement.
At the moment, the focus is on the triangle (wedge) resistance and the base of the 5.6756 pattern. Two bullish scenarios should be considered: Growth after a resistance breakout or growth after a false breakdown of support.
Resistance levels: 5.9821, 6.30
Support levels: 5.75, 5.6756
At the moment, a consolidation within the triangle boundaries is being formed. But when the resistance is broken, the market may move to the realization phase and the impulse may be quite sharp. Ahead, beyond 6.3, there is no resistance...
Regards R. Linda!
GOLD → Correction for accumulation of potentialFX:XAUUSD is growing during the week. The asset enjoys interest on the background of economic risks and dollar correction. After a small correction, the train may move north again
Markets are watching the US-China trade talks, easing fears of a global trade war, as well as Trump's initiatives on the Middle East, weakening demand for the USD as a safe-haven asset. In addition, a rising yen is pressuring the USD, supporting gold.
Investors' focus is on Friday's NFP data, which could influence the Fed's next steps. Attention is also paid to weekly jobless claims and Fed comments. The market is quite aggressive on any drastic action by Trump as this assessment is correlated relative to global risks
Technically, the price is correcting to accumulate liquidity and potential for possible upside. Below are quite strong support areas that could push the price back.
Support levels: 2845-2850, 2830
Resistance levels: 2860, 2872, 2882
As part of the correction in the uptrend, the price may test 0.5-0.7 Fibo as well as the previously broken resistance of the ascending channel. There are no technical and fundamental reasons to break the trend, the growth may continue after a false breakdown.
Regards R. Linda!
GOLD: Correction for potential accumulation.is growing during the week. The asset is performing well in the face of economic uncertainty and a dollar drop. After a minor modification, the train might go north again.
Markets are keeping an eye on US-China trade talks, which are alleviating fears of a global trade war, as well as Trump's Middle East efforts, which are reducing demand for the US dollar as a safe-haven asset. Furthermore, a rising yen puts pressure on the US dollar, which supports gold.
Investors are focused on Friday's NFP report, which may influence the Fed's future measures. Weekly jobless claims and Federal Reserve statements are also monitored. The market is quite aggressive on any radical action by Trump because this evaluation is tied to global concerns.
Technically, the price is correcting to gather liquidity and potential for future gains. Below are some strong support levels that could send the price back.
Support levels: 2845-2850 and 2830.
Resistance levels: 2860, 2872, and 2882.
Trade Active
Gold is testing the previously defined support zone.
The accent is on 2845-2840. If the bulls keep the defense above this zone, it is worth waiting for gains in the short-term.
As part of the upward corrective, the price may test the 0.5-0.7 Fibo level, as well as the previously broken ascending channel barrier. There are no technical or fundamental grounds to break the trend; growth may continue despite a fake collapse.
By Nexus Trades Zone
GBPUSD → A breakout of trend resistance. Change?FX:GBPUSD is forming a local trend change attempt. The price breaks the resistance of the descending price channel and forms a consolidation above the line, in the buying zone.
The fundamental background is very complicated and not stable because of Trump's policy and the tariff war with the whole world. Sharp shifting statements have a huge impact on the markets.
Technically, the price is breaking the resistance of the long downtrend and we have a chance to change the local trend. A breakout of the resistance at 1.2488 and a price consolidation above this zone may motivate a buyer to support this move.
Resistance levels: 1.2488, 1.26
Support levels: 1.2414, 1.2377
The price may test the previously broken channel resistance before rising further, but the 1.2488 trigger plays an important role. If the bulls can keep the defense above this area, the currency pair may rally a bit in the short term.
Regards R. Linda!
GOLD → Price is susceptible to manipulation. Correction?FX:XAUUSD amid high risks of tariff wars and high inflation reaches a new ATH and trend resistance, but due to manipulation by politicians there is a possibility of a small correction.
Gold price is consolidating above $2,800 after an all-time high of $2,831, awaiting US employment data and Fed speeches. Volatility increased amid manipulations about Trump's tariff policy: first they set tariffs, then a few hours later they cancel them. In a word, “politicians”. Gold is going into correction after a false breakout of resistance of the ascending channel and on the news about temporary suspension of tariff increase by the USA. Overall gold is holding its ground as the Fed remains cautious on rate cuts.
Resistance levels: 2817, 2830
Support levels: 2811, 2801, 2790
If the price breaks 2811 and consolidates below this area, we should expect a correction to 2800 - 2790 in the short term, there is no hint of a trend change, growth may continue from the key support areas.
Regards R. Linda!
ACTUSDT → Attempting to change the trend BINANCE:ACTUSDT is trying to move into the realization phase after breaking through the resistance of the bearish wedge, a pattern capable of changing trends
After a prolonged downtrend, the coin has found a bottom in the 0.1500 area and yesterday's bitcoin recovery was a bullish driver for ACT. The market is pretty much confirmed manipulation by the US government and will have to come to terms with that.
Technically, the focus is on 0.21400 support. The key pattern to wait for is a false break of the support followed by a consolidation above the level and the start of an upside move. This would be a characteristic bullish maneuver that could lead to local strengthening.
Resistance levels: 0.26800, 0.35120
Support levels: 0.21420, 0.1500
For a trend change, the coin needs not only to consolidate above the support, but also to overcome the resistance at 0.26800. The altcoin market is weak, so there should be strong confirmations to open positions in one direction or another.
Regards R. Linda!
EURO - Price can reach resistance level and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price broke $1.0410 level and started to trades inside flat, where it at once fell to $1.0250 level.
Then Euro bounced up from this level and rose to resistance area, after which turned around and started to decline.
In a short time, price fell to $1.0180 points, thereby exiting from flat and then started to grow in rising channel.
Inside channel, price broke $1.0250 level, rose a little, and then made a small correction to support line.
Next, Euro rose to $1.0530 points, thereby breaking resistance level and making a gap, but soon fell to $1.0350 points.
Price exited from channel, so, now I think it will make move to resistance level and then fall to $1.0250 level.
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BITCOIN - Price can touch resistance level again and then fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few days ago, price declined inside falling channel to $92100 level, after which it turned around and started to grow.
In a short time, price exited from channel and broke $99500 level, but when it started to trades in a wedge, it dropped back.
Price some time traded near $92100 level and then in a short time rose to $106500 level, breaking $99500 level again.
Then BTC exited from wedge and started to trades inside flat, but firstly it rose to $109K points and then fell back.
Inside flat, price corrected to $99500 level and then in a short time rose to $106500, after which started to fall.
I think BCT can touch resistance level one more time and then fall to $99500 level.
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GOLD → The new ATH is not the limit. What are the new targets?FX:XAUUSD updates ATH to 2800 and at the same time bulls are consolidating above the previously broken high, trying to form a base for continued gains
Gold updates all time high to $2800, amid a weaker US dollar and the threat of high tariffs from Trump, who again warned of possible 100% duties against BRICS countries, as well as a 25% tax on imports from Canada and Mexico, which boosted demand for protective assets. Investors are waiting for the US PCE Core Price Index data to gauge the Fed's next steps.
Technically, now the focus is on 2 levels: 2798.5, which is a trigger for the continuation of growth and support at 2785, behind which there is a huge pool of liquidity. Gold needs to overcome 2798.5 to continue rising, but before that a retest of the support may be formed due to the liquidity under the level.
Resistance levels: 2798.5, 2800, 2810-15
Support levels: 2790, 2785, 0.5 fibo
In general, gold has a bullish price movement. There are no hints of a trend breakdown, so the chance for the continuation of the growth is quite high and it can happen either when the trigger is broken or after a small consolidation or correction before the news. Emphasis on the previously mentioned levels and news.
Regards R. Linda!
EURO - Price can fall to support level and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to flat, where it at once reached resistance area and then dropped to $1.0345 level.
Later, price turned back to flat and reached resistance area again, making a gap, after which corrected.
Then price rose to resistance area again and then dropped to support line, exiting from flat and then bouncing up.
Soon, Euro declined to support line back, breaking $1.0345 level again, but soon rose back and started to trades in a wedge.
In wedge, price corrected to support line and later rose to resistance line, breaking $1.0345 level.
Now it trades close to support line and I think EUR can fall a little and then bounce up to $1.0560
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GOLD - Price can make move up and then start to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price started to grow inside the rising channel, where first fell to the support line and then rose to $2690 level.
Next, price broke this level, made a retest and rose to resistance line, after which it made a correction.
Gold continued to grow and later rose to $2745 level, and when it reached this level, it broke it, thereby exiting from channel.
Then price started to trades inside flat, where it rose to top part and then fell to support area.
In this area, XAU some time traded and then started to grow to top part of flat, but firstly it broke $2745 level again.
Now I think that Gold can make a move up and then start to decline to $2735 support area.
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GOLD - Price can break mirror line and fall to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price broke $2585 level and entered to flat, where it continued to grow and reached $2720 level.
After this, price made a correction movement, after which some time traded and then bounced back.
Then Gold turned around and in a short time declined to $2585 level, after which started to move up between mirror line.
Price rose to $2720 level one more time and then broke it, thereby exiting from flat too and then continuing to grow.
But a not long time ago Gold started to decline and at the moment it trades almost near to mirror line.
Possibly, price can rise a little and then fall to $2720 level, breaking mirror line one more time.
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