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RLinda ! GOLD-> Attempting to come out of consolidationGold is trying to get out of the accumulation. False breakdown of 1928 resistance, but the price does not fall, returns to the retest and at the moment the price is already consolidating above the resistance and above the channel boundary At the moment the bulls are actively fighting for the long zone in relation to the level of 1928, With the final fixation of the price above 1928 we will see a surge of energy and momentum towards 1950 I assume that at this moment two scenarios can happen 1) Fixing the price above the channel resistance and above the 1928 level. After that the price will start an active growth first to 1940, then to 1950 2) False break-down and price consolidation below 1928, in which case gold will continue its location to the borders of the consolidation range and downfall to 1912 is expected. Regards R.Linda!
OANDA:XAUUSD
by RLinda
26
RLinda ! GOLD-> Strong consolidation Gold is resting after a strong rally. The price moved into the consolidation phase, which is proved by the presence of the range boundaries and their confirmation. Nobody knows how long it will be, probably, the fundamental factor may influence price to come out of the consolidation in the nearest future The upper consolidation boundary is 1928, while the lower boundary is 1897. Also, the key level of 1912 passes through the range, which may play an important role for deal opening (high risk since it is difficult to trade inside the range). At the moment there are no preconditions for the price exit from the range. Expect set-ups Senior timeframes (D1, W1) show that growth will continue, but before the growth there may be a prolonged consolidation or rollback to the liquidity zone 1880. It is acceptable to buy from levels: 1897, 1912 and on breakdown of 1928. Sale only with minimum risk! Sincerely R. Linda!
OANDA:XAUUSD
by RLinda
26
RLinda ! GOLD-> The bulls took a break before further growth Gold after a strong rally is going into a consolidation phase. The upper boundary of the sideways range is resistance 1928 (the first price stop), the lower boundary is support 1912, confirmed on January 17. On the chart we do not see a set-up that would hint at a change in the global trend, it is still strong bullish and there are hints that it will still continue. Consolidation is formed at the upper border of the range and the key level for growth continuation is the resistance 1928, at breakdown of this zone, the whole liquidity volume can provoke a strong impulse in 1950. I assume that the gold for some time will be in the given range of 1928-1912, but in the midterm I expect growth. The first target is 1940, the second target is 1952 Regards R. Linda!
OANDA:XAUUSD
by RLinda
25
RLinda ! GOLD-> Bulls overcome the strongest resistance Gold forms a technical pullback to the 1912 zone, which is a fairly strong level formed in August 2020. What should we expect from the price? It is quite simple, we saw earlier that the price went out of the upside channel, which can be interpreted as a possible acceleration of the upside. The Gold is in the global range, and the global target in our case, is the upper boundary of the range at $2075-$2100. Now we are interested in the area of 1912, if the support retests, the price can make a false-break-down. I expect that the possible scenario in our case can be the retest of the support of 1912 and the subsequent consolidation of the price in the long zone, after which gold will begin to form a new upward impulse. The short-term objective is the local peak 1928, the medium-term objective is the resistance of 1940 and 1952. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
22
SILVER RESISTANCE BREAK-THROUGHSilver broke through its resistance at 24.39 on the 4h graph, signaling probable continuation of the bullish trend. Both MACD indicator and the RSI indicator are signaling bullish trend as well, with MACD histogram being above 0 and rising and RSI being above its neutral line. If the trend continues we might see the price reaching levels of 24.77 and 24.87 In the opposite scenario, the price might return and test levels of 24.45 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FXOPEN:XAGUSDLong
by legacyFXofficial
1
RLinda ! GOLD-> Price approaches a strong level with W1Gold is strengthening. Strong momentum is forming after the exit from the consolidation, which was formed before the release of the inflation data. The DXY index is declining. Price is breaking through the resistance of the strong price channel. Right now price is trading above the previously broken channel boundary and a very strong resistance level of 1912.785. which has been formed since August 2020. At the moment we have a strong distributive movement, this movement can only be stopped by a strong marginal resistance zone, presumably which price approaches - 1912. In the long term, I expect a test of 1912 resistance or a false break of the upward channel resistance, after which price could form a technical pullback to the support zone. Regards, R. Linda!
OANDA:XAUUSDShort
by RLinda
26
RLinda ! GOLD-> Consolidation. Shakedown. Readiness for growthGold is still in a consolidation phase. Yesterday the price broke through resistance and then support, taking everyone by surprise. What's next? The price shakeout determines the point in time when the market completes its energy set. After the second shakeout, when unnecessary speculators have been removed from the market, gold breaks through the 1880 zone, after which a pullback is formed for possible consolidation and volume buying by strong players at a lower price. Gold is tentatively set up for continued gains if the bulls can hold in the 1800 zone. I expect gold to continue its upside, the key zone being 1880. The short-term target in our case is the resistance of 1890, the medium-term target is the resistance of the ascending channel. Regards, R. Linda!
OANDA:XAUUSDLong
by RLinda
23
All silver traders need to watch these six data points It's important to stay informed about the market and various data reports that can affect silver prices. Here are some key data reports that traders should watch when trading silver: 1-Gold-silver ratio: The gold-silver ratio is the number of ounces of silver that are needed to purchase one ounce of gold. A high ratio indicates that silver is relatively cheaper compared to gold, while a low ratio means that silver is relatively more expensive. Traders can use this ratio to assess the relative value of silver and make informed buying and selling decisions. 2-Industrial demand: A significant portion of silver is used in industrial applications, such as electrical conductors, batteries, and medical equipment. Therefore, changes in industrial demand can have a significant impact on silver prices. Traders should watch for data on industrial production and manufacturing activity, as well as any news that could affect the demand for silver in these industries. 3-Investment demand: Silver is also used as a safe haven asset and can be bought and sold as a form of investment. Changes in investor sentiment and demand for silver as an investment can have a significant impact on prices. Traders should watch for data on investment demand, such as the level of silver holdings in exchange-traded funds (ETFs) and the level of silver bullion held by central banks. 4-US dollar strength: Silver prices are often inversely correlated with the strength of the US dollar. When the dollar is strong, silver prices tend to be weaker, and vice versa. This is because a stronger dollar makes silver more expensive for buyers using other currencies, which can decrease demand and lower prices. Conversely, a weaker dollar can increase demand for silver and push prices higher. Traders should watch for data on the value of the dollar, such as the US Dollar Index, to assess the strength of the currency and its potential impact on silver prices. 5-Inflation expectations: Silver is often seen as a hedge against inflation, as its value can potentially increase as the purchasing power of money decreases. Therefore, changes in inflation expectations can affect silver prices. Traders should watch for data on inflation, such as the Consumer Price Index (CPI), to assess the likelihood of future price increases and their potential impact on silver. 6-Interest rates: Changes in interest rates can also affect silver prices, as higher interest rates can make it more expensive for traders to hold silver and other commodities. This can decrease demand for silver and put downward pressure on prices. Conversely, lower interest rates can make it cheaper to hold silver and increase demand, potentially pushing prices higher. Traders should watch for data on interest rates, such as the Federal Reserve's benchmark rate, to assess the impact on silver prices.
BLACKBULL:XAGUSD
by BlackBull_Markets
RLinda ! GOLD-> Gold forms an upward channel on the 1W TimeframeGold, tentatively, is forming an upward price channel on the global weekly chart, which is aiming toward $2000-$2100. Gold prices rose Monday and held near a seven-month high, supported by a weaker dollar and hopes that the Federal Reserve might slow the pace of interest rate hikes. U.S. output fell in December for the first time in more than 2-1/2 years amid weakening demand, further evidence of weakening inflation. Higher interest rates make gold less attractive as an inflation hedge and raise the opportunity cost of holding non-revenue-producing bullion. Retail purchases of gold in major Asian centers were slow amid rising prices early last week, while China, a major consumer, saw demand rise amid a resumption of work and the approaching Lunar New Year holiday. Softer U.S. data on Friday boosted gold's appeal. The data suggests that the Fed's cumulative tightening in 2022 is starting to affect the economy, and that the Fed can afford to slow the pace of tightening The yield on the 2-year UST fell sharply after the release of the Business Activity Index data. Gold is closely tied to short-term U.S. bond yields: any rise in yields causes the gold price to fall and vice versa. As expectations of a U.S. rate hike decrease - the probability of a 25 basis point hike at the February meeting is now 76% - markets are questioning the credibility of the Fed. CPI data this week will be key. Another slowdown in price pressures could boost appetite for gold, while the dollar will remain under pressure. However, an unexpected rise in CPI could undermine sentiment The latest U.S. jobs report showed more job creation than expected, but hourly earnings data showed a slowdown in wage growth, something the Fed was sure to pay attention to. The Fed also turned its attention to the latest U.S. ISM non-manufacturing sector data, which was a wake-up call as the index unexpectedly returned to contraction territory in December. This is the first decline in the U.S. services sector since May 2020, when the global economy was covid In terms of technical analysis, on the main chart, I pointed out key elements such as A rising price channel Downtrending price channel (from which the price recently exited) Trade range 1680-2075 The bulls brought the price to a strong resistance level of 1878, but at the same time the volume profile considers this area to be empty. At the same time, at the 1878 level, I noted 10 confirmations of this zone and price reaction to the resistance. The expected reaction is a pullback to the upward channel support, confirmation of the support line and continuation of growth in the medium and long term. The next scenario - calm price growth to 1900, rollback to 1878, fixation of the price in the long zone and continuation of growth in the uptrend channel Regards R. Linda!
OANDA:XAUUSD
by RLinda
23
RLinda ! GOLD-> H&S formation stage. What to expect?Gold is down 2.2% from its high. Technically, this is a reaction to a false breakout of strong resistance. What's next? Yesterday I told you, there is a high probability of a technical pullback, the price goes down towards 1824, but it does not reach the zone, so the technical pullback forms and the price draws an interesting "Head & Shoulders" pattern, based on the false-break and the resistance. I think that if this pattern holds, the price can reach both 1824 and 1807 in the nearest future. The situation is tricky, if the price breaks 1843 and rallies above it, there is a chance of rising to 1858 and trying to break the resistance at 1858. But if the right shoulder of the "Head & Shoulders" pattern confirms, if the price consolidates under 1843, there is a chance to go down to 1807 Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
14
RLinda ! GOLD-> Is distribution over? A rebound after FB?Gold reaches the first important mark of 1858, but the resistance zone, tentatively, stops the distributive movement. There might be a technical pullback phase. Gold makes a false breakdown of the consolidation resistance zone and the level of 1858, at the moment we see the price consolidation in the short zone, thus, the price opens the way down to the 1840, 1820 zone I expect that after a strong rise, gold may weaken a bit. After the end of the consolidation under 1858, I expect the price to fall. The first target is 1840, the second target is 1821. Regards to R. Linda!
OANDA:XAUUSDShort
by RLinda
33
Silver’s rally has been strong, but a pullback could be dueI do not expect this to be a popular view, given the excitement of the rally on metals in general in recent weeks. But no trend lasts forever and we’ve not really seen much of a pullback on silver prices lately. Besides, silver has risen nearly 40% since the September low and fast approaching the upper trendline from a wide (slightly bearish) channel. The tendline also resides near the monthly R1 pivot and $25. Prices are holding above trend support on the daily chart, but a bearish divergence has been forming with the RSI (14) as its rally has lost steam over the past couple of weeks. A bearish pinbar also suggests bulls are losing control, so we’re now waiting to either see momentum turn lower or provide a series of bearish reversal candles below $25. The main issue with trying to pick turning points are it can leave one vulnerable to a series of false entries and/or giving up before the turn. Therefore, bears may want to use smaller positions with a wider stop, and fade into spikes below $25 before increasing exposure if momentum does finally turn lower. Alternatively, bears could wait for a break beneath the monthly pivot point to confirm a trend reversal on the daily chart.
FX_IDC:XAGUSDShort
by CityIndex