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Parallel Channel

GOLD → Correction before the bullrun. Target 2500?FX:XAUUSD is strengthening and testing 2450. The price rise was influenced by Powell's comments on progressive deflation and a possible rate cut in September, as well as another conflict in the Middle East.... The Fed left the rate unchanged for the 8th time at 5.5%. The rate has remained unchanged since the summer of 2023 and is the highest in 20 years. There was considerable discussion of a rate cut at this meeting. A rate cut may be considered in September. In addition, the intensification of the conflict in the Middle East may turn into a full-fledged war, which generally increases the interest in gold. Today is also a busy news day. Initial Jobless Claims, SP PMI, ISM are ahead. The data also plays an important role in shaping the medium-term strategy, so it is important to evaluate the actual results. Resistance levels: 2437, 2450 Support levels: 2430, 2421 After a false breakdown of resistance, a correction is forming. Gold is bullish at the moment (trend, sentiment and interest), so the nearest strong support may become a reversal zone for further strengthening. The potential target is 2451 - 2474. Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
BCH → U-Turn and a bullish mood ↑BINANCE:BCHUSDT is trading within the boundaries of the uptrend. Potential is not exhausted. The market is forming a correction to the liquidity zone before a further bullrun to ATH Bulls are trying to hold the defense above the key support area, which divides the market into two planes. Fundamentally, the situation should be assessed relative to BTC and ETH. In general, everything is quite positive. Technically, on D1 we should pay attention to the support at 407 - 380. If the bulls hold this area and form consolidation of the price above 407-410, this fact may determine the medium-term potential for the market. A reversal pattern is forming against the lower trend boundary, indicating a bullish market sentiment. The market potential is 460 - 530. Resistance levels: 420, 460 Support levels: 407, 380, 351 The market is bullish and it is necessary to look for strong support zones to forge long positions. The focus is also on the resistance 460. A breakout and consolidation above this zone will be the reason for further consolidation to the upper boundary of the trend Rate, share your opinion and questions, let's discuss what's going on with ★BCHUSDT ;) Regards R. Linda!
Long
by RLinda
4
Coin loses the channelCoin has been in this rising channel for months. I did sell my entire position at 250$ but I like to use this to give me a heads up on BTC price action. I do expect Coin to possibly retest the golden fib around 200, but earnings is tonight. If Apple, Amazon, and Coin have solid earnings and guidance we could pump right out of this, the expectations for everything will be very high here. -Short term 200ish -If earnings is strong a pump back into the channel around 230$ -If the market falls apart we are going back to 150$
NASDAQ:COINLong
by Apollo_21mil
BTC rejection and channelBTC is in a large channel and has heavily rejected the upward break. With this setup, large tech correcting, JP speaking and ruining the party per usual, we could retest 52k here. I did draw a final area of support with the dashed red line around 61.5k. I still stand by my 80k By Oct 1st, but this is likely our final flush out before the pre-election rally. -Short- term bearish -Mid-term bullish, we will break outside of this channel soon to the upside -August is historically negative with an average downside move of 15% and average less likely upside move of 82k
BINANCE:BTCUSDShort
by Apollo_21mil
EURO - Price can make small movement up and then continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price started to grow inside rising channel, where it made first gap and then broke $1.0770 level. Next, EUR reached resistance line of channel, formed a second gap, and then made little correction. After this, price made upward impulse, thereby exiting from rising channel and breaking $1.0890 level. But soon, Euro turned around and started to decline inside falling channel, where it soon broke $1.0890 level again. At the moment, price trades near support line of channel, so, in my mind, EUR can make a small move up. Then price can turn around and continue to decline to $1.0755 support area, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
BTC_[Daily]_Trendline Support (Channel Bottom)BTC Daily Analysis: Price is moving in within descending parallel channel for 155days now Price is rejected from Channel top (resistance) and moving in short-term downtrend (acting as support). It is also confluencing with 61.8% fib level (Golden Ratio) It has also reached a long-term trendline support which is respected historically (except a recent fake break down). A short term bullish setup until channel top can be taken (wait for green candle formation on hourly time frame)
Long
by YASIRWA
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold prices surged 1% on Friday as U.S. Treasury yields fell, driven by optimism for a potential interest rate cut by the Federal Reserve in September. Data showed U.S. prices rose modestly in June, giving Fed policymakers fresh evidence of progress in their battle against inflation. The personal consumption expenditures (PCE) price index increased by 0.1% last month, pushing benchmark 10-year note yields to a one-week low. In this video, we analyze the impact of these fundamental dynamics on the Gold market and explore the technical implications on the charts. With the Federal Reserve's monetary policy decision coming up next week, the central bank is expected to keep rates unchanged. However, this meeting could set the stage for the first rate cut in September. What can we expect from the gold market in the coming week? XAUUSD Technical Overview: This week, we're focusing on the crucial $2,390 level. This is a big deal for gold traders - it could be a make-or-break point. If gold stays above $2,390: Bulls might take control, potentially pushing prices higher and setting up new highs. If gold maintains selling pressure below $2,390: Bears might gain the upper hand, and prices could head south respecting the descending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! #Gold #GoldPrices #FederalReserve #InterestRates #Forex #Trading #MarketAnalysis #TechnicalAnalysis #PCE #USInflation #TreasuryYields #Investing #Finance #EconomicData #ForexTrading #XAUUSD📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
PEPPERSTONE:XAUUSD
by darcsherry
GOLD → Ahead is 2430 and strong news. Going up to 2500?FX:XAUUSD overcomes trend resistance, forming a bullrun to the liquidity zone amid positive rumors. The price is testing 2430. Possible correction before the news. Today is a busy news day, high volatility is possible. Ahead of ADP Nonfarm, Chicago PMI and the most important last: Fed Interest Rate Decision and FOMC conference. Nobody is going to cut the rate today, but Powell may give a signal about interest rate reduction in the coming months on the background of slowing labor market growth. Traders evaluated the possible potential positively enough and rushed through 2390 to 2430. Technically, a retest of resistance is formed after quite a long time, liquidity may not let the price up the first time, respectively, a correction is possible before further growth. Resistance levels: 2429, 2452, 2474. Support levels: 2404, 2400 The fundamental and technical background is favorable, if something unpredictable does not happen today, gold may continue its recovery phase. But, pay attention to the news, as they will be published in a cascade and the temporary mood of the market may be volatile.... Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
GBPJPY → Ahead of a rate hike in Japan...FX:GBPJPY intends to continue the current bearish rally. The price temporarily stops at the 197.00 zone for a short respite before falling further. The market is expecting an interest rate hike in Japan... Price breaks the bullish market structure and then confirms the bearish one, indicating a change in the global trend. Volatility is rising in Japanese markets, with the Bank of Japan expected to discuss a rate hike this week and consider a plan to halve government bond purchases. This is a strong scenario for the strengthening of the national currency, traders are reducing the number of short positions this time. Technically, the focus is on the level of 197.2, this zone splits the market into two zones. Accordingly, price consolidation below this level will be the starting point before the rally. Support levels: 195.8, 193.8, 191.8 Resistance levels: 197.2, 198.75 Both fundamentally and technically everything is steamed towards further decline. The actions of the Central Bank of Japan affect the rate quite strongly... Rate, share your opinion and questions, let's discuss what's going on with ★GBPJPY ;) Regards R. Linda!
Short
by RLinda
5
Bearish momentum is building up, yet a retracement is expected This article follows my previous analysis . As predicted, the bearish black swan pattern has taken shape. The price is now trading below the 66500 support level and continues to fall. Although I anticipate a break below the neckline of the double-top formation eventually, I'd like to point out that caution is advised. Refer to the "Momentum Tracker" in the lower panel—bearish momentum (red) is nearing its peak, while bullish momentum (green) and total momentum are nearing their lows. This suggests that a retracement may soon occur, making it advisable to wait for a confirmed rebound before entering new short positions.
Short
by jackrabbitrage
Gold is Ready to Go down!!!Gold moved as I expected in the previous post . Gold is currently moving near the Resistance zone($2,452-$2,427) , the upper line of the Ascending Channel , and the Time Reversal zone(TRZ) . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to break down to at least the lower line of the ascending channel and the Support zone($2,042-$2,377) . Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
9
GOLD → Bulls hold the defense. Retest of resistance...FX:XAUUSD is strengthening from 2370 and testing the resistance of the actual local trend. Dollar in range ahead of news... Traders are waiting for Wednesday and the FOMC conference, where they may discuss atcual situation on inflation and monetary policy, as well as Fed Interest Rate Decision, where most likely the interest rate will remain at the same level, but may make a good hint on a soon decline.... Gold on D1 is consolidating above the support line, which generally determines the future prospects for us. Locally, the bulls hold the defense above 2370, forming further growth, within which they break the resistance of the local triangle, but the price is held back by the global descending channel. It is not excluded that the price may test 2377-2370 before further growth, but at the moment the focus is on the nearest resistance zone. Support levels: 2377, 2370 Resistance levels: 2391, 2400 Fundamentally, everything is quite positive for gold. Technically, the price is in consolidation, as traders are not ready to take serious actions early. But, all the attention is on the resistance, if the bulls manage to break 2390 and consolidate above, we will have a good chance to continue the growth. Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
16