SFPUSDT → Pre-break consolidation could send the price upward BINANCE:SFPUSDT after months of forming a sideways range on the background of the global honey trend finally forms a pre-breakdown consolidation against resistance, which may initiate a trend change
We are interested in the global pattern "symmetrical triangle" - in fact, it is a range within which the price is gaining liquidity. Above the range, after the first breakout of resistance, the second level - 0.6420 is formed and relative to this level an ascending triangle is formed, which can be interpreted as an attack of dynamic buyers on the limit resistance area. On the background of possible BINANCE:BTCUSD strengthening, SFP can get a good bullish potential when the resistance of the ascending triangle is broken. The moving averages act as trend support.
Resistance levels: 0.6420
Support levels: previously broken range resistance
In the long term, I expect a breakout of 0.6420 followed by price consolidation above the level, which will form a bullish potential.
Regards R. Linda!
FLAT
🥇GOLD - Growth may continue after a pullback GOLD is starting a correction since Monday morning. The pullback reaches one of the local supports and apparently ends. A reversal point is formed and the market resumes the target as 1940
TA on the high timeframe:
1) The unidirectional trend with DXY coincides. THAT tells us that there is a strong fundamental influence on the market
2) The global target is not reached, the growth will continue after overcoming the local resistance zones.
TA on low timeframe:
1) False breakdown of local support 1913-1914
2) Consolidation of the price above this area will give us an entry point
3) Target 1935, 1940, 1945
Key resistance📈: 1933
Key support📉: 1913-1914
GOLD → A counter-trend correction is forming. Panic zone OANDA:XAUUSD has been forming a correction since the opening of the session and has reached the area of 1910. The price enters the panic zone relative to 1914. What should we expect from gold next?
The correction on the background of a strong surge of energy and distributive movement should have happened. The market should pull back and gather potential before further upside. The price is testing the 1914.15 area for a breakout. The price is trading in the panic zone, where there are a lot of buyers' bids and sellers' bids are formed. A false break of the level will give us an impulse to 1928.8 and then to 1946. But, if the market consolidates below 1914.15, the correction may continue towards 1905 and 1900, but before further growth. The upward movement in the medium term may continue, for this price will have to overcome 1914, 1928 and 1946, At the moment we are waiting for the price to find support before further growth.
Support levels: 1905, 1900, 1895, SMA
Resistance levels: 1914, 1928, 1946
In the future I expect the continuation of growth, but only after the end of counter-trend correction
COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! CAPITALCOM:US500 TVC:DXY
Regards R. Linda!
EURUSD → Strong $ negatively affects the pair FX:EURUSD on the background of a strong dollar may continue its decline. A flat and support retest is being formed. If the dollar goes up, the currency pair will break the support
We observe the formation of a bearish trend. Earlier, the price tried to break the trend resistance and change the market direction, but only managed to form a flat between 1.0635 - 1.05000. The support is being retested on the background of TVC:DXY strengthening. The price will go up at the next retest, which will have a negative impact on EURUSD.
There is a possibility that the price may retest the flat resistance or one of the moving averages before further decline.
Support levels: 1.05000
Resistance levels: 1.05600, MA50
In the long term I expect a breakout of the support at 1.05000, but it can happen either on a retest or after a pullback.
Regards R. Linda!
TOMOUSDT → a strong coin in a weak marketBINANCE:TOMOUSDT in a weak cryptocurrency market gives us hints of chic bullish potential. But this will happen under a number of conditions
The coin is in a range under the resistance at 1.5480 and under the downtrend line marking the direction of the global trend. The coin after a long consolidation and numerous retests breaks this line and begins to move into the phase of realization of the accumulated potential.
On the background of weak BINANCE:BTCUSD (and this is important enough) TOMO forms an active bullish growth to the area of 1.5480, which is a panic zone for sellers. If this resistance is broken through, an increase in volumes will be formed that will start to lift the price, in which case we can catch a rise in price. Medium-term target is 1.9700 and 2.4390.
Moving averages on D1 act as support.
Resistance levels: 1.5480, 1.6640
Support levels: 1.3300, MA-50 and MA-200
In the future, I expect a continuation of the simplified struggle of buyers with the market, which may lead to a breakthrough of the above resistance and further strengthening of the price to important targets
CRYPTOCAP:TOTAL3 CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 CRYPTOCAP:BTC COINBASE:BTCUSD BINANCE:TOMOUSD a strong coin in a weak market
Regards R. Linda!
🥇GOLD - Target 1900. Possible pullback from resistance GOLD is actively strengthening. At the moment the cost is 1890 and this is not the limit for today's session. We are interested in the mentioned resistance, will gold be able to reach it?
TA on the high timeframe:
1) Both gold and the dollar are strengthening, but how long will this tandem be accompanied by an overall direction?
2) There is no important news today, but gold is supported by the fundamentals and will continue to rise further
TA on the low timeframe:
1) Price has updated the high from 1885 to 1890. Target 1901
2) A pullback from 1900 is likely to follow before further upside.
3) Our task is to find strong support levels so that it is safe for SL to buy.
Key resistance📈: 1901
Key support📉: 1885, 1877
GOLD → The market is targeting 0.618 fibo ($1895) OANDA:XAUUSD is entering the empty range from 1885 to 1915. The only level the market will still be able to interact with, before reaching the 1915 target, is in the 1895 area - a strong liquidity area
Today we see a break of the resistance at 1885 after a small retest. A momentum is formed, which tells us about a further target in the form of 1895 resistance, formed back in June 2023. It is worth paying attention to this area, because here is also 0.618 Fibo, which is an important level for the market. Since there are no important areas of resistance and liquidity in the whole range of 1885 - 1915 except this zone, it is here that some struggle on the market may take place and a correction to the support may be formed before further growth.
The market now has a strong fundamental component (economic news, crisis and war) - all this increases the interest to the metal, but it should be understood that the market cannot grow all the time, sometimes it will fall (correction). SMA 1H - strong support, and 4H - MA-200 will be tested in the medium term (in the area of 0.618 fibo)
Support levels: 1885
Resistance levels: 1895, local ascending line, SMA200
I expect continuation of growth to the mentioned resistance area from which a correction to support may follow before further growth to 1915
OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! CAPITALCOM:US500 TVC:DXY
Regards R. Linda!
EURCAD → A symmetrical triangle can be broken through FX:EURCAD is in consolidation of the "symmetrical triangle" format. When one or another line (resistance or support) is broken, an impulse may be formed
This pattern, indicated on the chart, does not have a clear further direction, as it is a consolidation and the price breakout of one of the borders of the figure will determine for us the further direction in the short term.
Earlier the resistance of the descending channel was broken, most likely, the imbalance, which the market maker seeks to eliminate, is above the zone 1.4663, but before further growth the market should form a consolidation. Support at 1.4369 or 1.424 may be tested before rising. If the price breaks the resistance at 1.446 soon, further movement will become obvious. Moving averages are pointing to a near-term burst of activity.
Support levels: 1.4369
Resistance levels: 1.446
In the long term, I expect growth. But, before the growth there may be a local fall and support retest. A breakthrough of 1.446 will be a buy signal. A breakout of 1.4369 will be a sell signal.
Regards R. Linda!
GOLD → Strong bullish trend feels no resistance OANDA:XAUUSD does not react to the nuances of technical analysis and is actively growing. But, the growth is accompanied by a consolidation moment, which can become a lever for further rsot. Even against the background of the trend, the price is able to accumulate potential
The breakthrough of resistance 1877.6 is formed and the price aspires to the important level for the medium-term perspective - 1885. Most likely, with the current fundamental features, the level will be broken in the near future, but before that a correction or a retest of the support before further growth may follow.
There are a number of important news for the US market today. Worth paying attention to: Core CPI, CPI, Initial Jobless Claims. Lately there is more news about inflation stabilization, but it is not enough for the medium and long term. In any case, this is more positive news for the market. For gold, this is a positive nuance as the TVC:DXY will continue on a localized downward course
Resistance levels: 1885, rising line
Support levels: 1878.6, 1877,6, 1872.7
In the long term, I expect a correction from 1885 and the formation of a retest back to the level for further breakout of the resistance zone
COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:GC1! CAPITALCOM:US500
Regards R. Linda!
🥇GOLD - The bull market is ready to strengthen further GOLD continues its upward path. The price breaks through 1877 and consolidates above the level, which gives the market new upside potential to 1900
TA on the high timeframe:
1) The dollar index is in a falling phase, which gives gold upside potential
2) Gold failed to reach an important target and thus will continue its rise
TA on low timeframe:
1) Breakout of 1877 and consolidation above the level gives us a signal
2) Potential for a new high is forming.
3) I am waiting for growth and reaching 1900 in the medium term.
Key support📉: 1877
Key resistance📈: 1885, 1890, 1900
🥇GOLD - Range resistance is the target Gold updates the high to 1874. Yesterday I pointed out the bullish pattern - the market is in the realization phase and gives us a 150pips rise, but we haven't reached the target yet
TA on the high timeframe:
1) Strong bullish trend continues. Against the background of the crisis in the world, the interest in gold is only increasing
2) The medium-term target has not been reached yet. The growth will continue
TA on the low timeframe:
1) A small pullback may follow before jumping to 1877.7.
2) After reaching 1877.7, I expect a false breakdown followed by a decline, most likely to the support of the mentioned range - 1857.
3) Short-term target is 1877, then 1857. And what will happen next, we will follow the price reaction to these zones.
Key resistance📈: 1877.7
Key support📉: 1866, 1857
💱USDJPY - Symmetrical triangle may continue the price growth USDJPY is forming a pre-breakdown consolidation in the format of a symmetrical triangle. If the resistance of the figure is broken, the price will fly to 149.65
TA on the high timeframe:
1) Strong bullish trend
2) A bullish reaction to the trend support will be formed
TA on the low timeframe:
1) Symmetrical triangle - consolidation of potential before its realization
2) on the background of the bullish trend resistance 148.9 may be broken soon, which will form an impulse and further growth to 149.65.
3) I expect growth and continuation of the uptrend
Key support📉: 148.6
Key resistance📈: triangle line, 148.9
GOLD → The market is aimed at resistance retest OANDA:XAUUSD enters the 1857-1877 range, consolidates above the support and makes a new jump. Yesterday I talked about strong fundamentals, relative to technical analysis and what we see is a breakout of said resistance.
Today PPI - one of the inflation indicators is published and at 18:00 GMT FOMC Meeting Minutes - most likely the information trend of previous periods will be preserved. At the same time TVC:DXY is in the phase of correction to the support area, the publication of bullish news for the dollar may resume further growth of the index, which will partly affect the gold. In the nearest future the market may test the resistance of 1877, after which the price may roll back to the support. In the long term, the market may trade inside the sideways range to determine the further scenario, but it should be understood that gold is bought up during the war. In the absence of further escalation of the conflict, the price may decline, but not significantly: the longer-term factor - expectations of the end of the Fed rate hike cycle - is also having an impact.
Resistance levels: 1874, 1877.5
Support levels: 1857.7
In the future, I expect a retest of resistance and subsequent rebound with further forging of the sideways range
OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD TVC:DXY CAPITALCOM:US500
Regards R. Linda!
USDJPY → A retest of trend support. What could go wrong?FX:USDJPY is forming a correction to trend support amid the corrective movement of DXY (Dollar Index). Logically, on an uptrend, support should push price up, but what could go wrong?
On the daily timeframe TVC:DXY is forming a correction to an important support, the reaction could be bullish, thus USDJPY will start to form a rise to resistance. At the moment the fundamental part is quite complicated, with the Fed's tough stance, the dollar is forming a correction under the influence of other levers. So, we will start from the technical analysis.
The currency pair is heading towards the uptrend support, consolidation near this area is confusing and increases the chances of further support breakout. A sell signal (counter-trend strategy) will be the consolidation of the price below the uptrend support line, after its breakout. And the buy signal (trend strategy) will be a false break of the support line.
Resistance levels: 148.9
Support levels: 148,46
The situation is complicated by the fundamentals. From a technical point of view, the price can form a trend growth, but we need to wait for a signal. The setup may break, and in this case the target will be 147.38. Watch the reaction of DXY and USDJPY price to the trend support.
Regards R. Linda!
🥇GOLD - A reversal pattern. Key level 1857GOLD is forming a reversal pattern that changes the local trend. At the moment, for the market to continue the growth scenario, we are interested in the level of 1857.7. If gold can hold this level, we will see the realization of the pattern and growth to 1877 and to 1901.
TA on the high timeframe:
1) Price inside the range 1875 - 1815. But resistance has not been reached yet. 1875 area is the actual target at the moment
2) A strong pullback is being formed, the target of which may be the area of 1885-1890.
TA on low timeframe:
1) A reversal pattern " Cup with a handle" is being formed. Exit beyond the resistance of the local consolidation will give us growth and realization of the setup.
2) Flat support retest of 1857 is forming.
3) I am waiting for price consolidation above. It is necessary to confirm that the market is ready for growth.
Key support📉: 1855-1854, 1845
Key resistance📈: 1866, 1873, 1877
💱GBPUSD - The market is preparing for a resistance breakout GBPUSD is forming a breakout of local resistance and a retest of the key resistance. A technical pullback may be formed, but the market is ready for growth. We expect a breakout of 1.2269 and growth to the far frontier
TA on the high timeframe:
1) On D1, the market is overcoming the resistance at 1.22246, thus breaking through the base of the reversal set-up and forming pattern realization.
2) On H4 another resistance retest is formed a few days later. High chance of a breakout
TA on the low timeframe:
1) A triangular consolidation is formed within the local ascending channel
2) Price breaks the consolidation resistance
3) The level may be broken on retest of the key resistance. There will be a potential for growth
Key resistance📈: 1.2269
Key support📉: 1.2215
🥇GOLD - The market may strengthen the price GOLD has been rising since the opening. The reason is the conflict in the Middle East and the fundamental factors of last week.
Consolidation is forming and most likely the price may test the support before further growth.
TA on the timeframe:
1) The reason for the rise today is the geopolitical factor. And as we know, in all crisis situations there is a growing interest in gold.
2) False breakout of strong 0.5 fibo level. FB may be followed by strong growth
TA on the low timeframe:
1) Price is consolidating in a narrow range. Most likely a strong impulse may be followed by a retest of 0.5 fibo support
2) At the moment people still do not know what to do and are preparing to buy gold, but before further growth the market can fool the player and take out stoplosses, which are below 1846.
3) waiting for a rise to 1878
Key support📉: 1846, 1840
Key resistance📈: 1853
💱NZDUSD - A retest of 0.59852 could break the level NZDUSD is approaching resistance within consolidation. After a false breakdown a signal is formed that the level may be broken on retest. Target 0.60500
TA on high timeframe:
1) We do not see a fall after the support breakout
2) Buyers are holding back the price and may return to the global range
3) market is interested in 0.60500 area due to imbalance
TA on the low timeframe:
1) A retest of 0.60438 is forming
2) If the level is broken, an impulse may be formed.
3) I am waiting for the breakout and growth to 0.60500.
Key resistance📈: 0.59852
Key support📉: 0.59600
XTZUSDT → Breaking resistance, entering a new rangeBINANCE:XTZUSDT tried to break the support at 0.708 and let the price go lower, but at some point the market held the area, forming a local bottom. After a false break of support, the price breaks consolidation resistance
At the moment the market is testing the possibility of transition from the consolidation phase to the phase of realization of the accumulated potential, which can be accompanied by distributive growth. The price fixing above 0.708 level will confirm the entry into the range (new corridor) and in this case Tezos/TetherUS will open for itself the way to the setup resistance. The 3-4 month accumulation in the coin can give us a pretty good medium-term potential, within which the market can hit targets such as: 0.921 and 1.259.
The price is breaking MA-50 and aims to test MA-200.
Support levels: 0.708, 0.633
Resistance levels: 0.742, 0.921
In the long term, I expect the bulls to consolidate the market above 0.708 and form a distribution towards 0.921
Regards R. Linda!
🚧Bitcoin will Go Up Again🚧 Road Map(1-Hour)🗺️!!!As you can see, the price is in a parallel channel, which means that the price can go up and down in this channel. Now the price is completing its downward waves(ABC) and after that the price can rise to the top of the channel.(5TH Bullish waves).
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
GOLD → New reasons for price movementOANDA:XAUUSD has been forming a small gap since the opening of the session (the situation may differ at different brokers) and essentially continues the move from Friday's fundamental leverage
There was quite a lot of news over the past weekend, including a serious conflict in the middle east. Adding to the bullish narrative in the TVC:DXY is another geopolitical factor, the reaction can be seen in the chart below left. The gold market has continued to rally since Friday, but surprisingly following the USD, but there is a reason for this. Since gold, according to most people, is the ideal defense against international instability, the geopolitical factor can raise the prices of this asset, in addition, gold is at favorable levels for buying (not to be confused with short-term trading). From the technical point of view we are interested in the area of 1857 - 1846. The market is forming a consolidation before moving in one direction or another. The price is squeezed between the broken MA-200 and the descending resistance. A breakout of one of the boundaries will provide momentum. (The trading strategy can develop according to two scenarios: resistance breakout or false breakout)
Support levels: 1846.3
Resistance levels: 1857.7
The descending resistance line and 1857.7 level will be important for buying. 1846.3 level will be important for selling. Consolidation above or below these levels will form the potential for a move in one direction or the other
OANDA:XAUUSD OANDA:XAGUSD COMEX_MINI:MGC1! COMEX:SI1! COMEX:GC1! TVC:DXY CAPITALCOM:US500
Regards R. Linda!
GBPJPY → Bearish reaction to trend resistance FX:GBPJPY is forming a retest of the descending channel resistance, forming a post facto logical reaction to the mentioned zone. At the moment, the downtrend is playing a relevant role
Fundamentally, we are living a very unstable time. Geopolitics has been sounding too much lately. Fund after a small bullish correction gives signals to further weakening on the background of strengthening of the TVC:DXY , which also negatively affects the currency pair analyzed by us. The rebound from the resistance zone is formed and the price returns under the level of 181.96. Consolidation of the price below this area will form a bearish potential, which can quickly bring the price down to 179.46 or 177.4. Bears are showing strength at the moment. The price is between the moving averages, consolidation may last for some time, but in the long term continue the realization of the previously formed bearish signal.
Support levels: 180.9, 179,46
Resistance levels: 181.96
In the long term, I expect the rate to continue to decline towards these targets.
Regards R. Linda!
GOLD → Bounce off support. How long will it last?OANDA:XAUUSD forms a false breakout of support late Friday, after which the market buys out the entire decline and forms an almost bullish takeover, closing Friday above Monday's close and the entire weekly consolidation
The euphoria from the NFP (negative news for the dollar), may not last that long, and after a small technical correction, the main movement may continue. There are several reasons for this.
The main fundamental background for the dollar index is bullish, Powell (FED) is not going to lose momentum yet, as in every address there are always references to the rising inflation and the tight market, which they are trying to fight . By the way, there are several important news items being published this week. Worth paying attention to:
PPI (Mom), FOMC Meeting Minutes
GDP, Core CPI, CPI, Initial Jobless Claims
The TVC:DXY is forming a correction. The previously broken resistance at 105.272 may be tested soon. Most likely from this level, based on the global fundamental background, the growth may continue, but first we need to wait for the fundamentals of the coming week and a retest of the level from a technical point of view.
Regarding gold. From a technical point of view, the market has not reached the mentioned target. I am interested in the 1809 level, below which there is a huge pool of liquidity that beckons market managers. Gold, even with increased liquidity on the news, does not reach this area and reverses. Friday's candle forms the preconditions for the local growth to continue on Monday ( it is worth paying attention to the level of 1829-1830, which can be bought against ).
The nearest target for local maneuver is the level of 1856. But in the medium term, I continue to wait for further decline, especially to the level of 1809 and 1800, as the US monetary policy is still tight to reduce the cost of production, so after a small pullback, the growth of the dollar and the fall of gold may continue
OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! TVC:DXY CAPITALCOM:US500 COMEX_MINI:MGC1! COMEX:SI1!
Regards R. Linda!