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🥇GOLD - The fall may continue, but after a small correction Gold reaches the specified level and forms a false breakout attempt. A rebound may be formed. But there is a chance of a continuation of the fall from the level of 1825. TA on the high timeframe: 1) Broken 0.5 fibo level. A strong fall is formed from the opening 2) The liquidity area that the price can test within the counter-trend correction is in the area of 1840-1850. TA on the low timeframe: 1) We have a strong downtrend 2) The price cannot fall all the time. If there is a false breakout of 1825 and the price forms consolidation above the level, there may be a rebound to local resistance levels. 3) In the medium term, the fall will continue, but after a probable correction. Key support📉: 1825 Key resistance📈: 1833, 1840, 1850
OANDA:XAUUSDShort
by Gold-Tech
13
💱USDJPY - Active bullish trend. Target 152.00.USDJPY continues to go to its target. The market is interested in the mark of 151.95. Against the background of a strong trend, we should look for either support levels and buy on the bounce, or resistance levels and buy on the breakout. TA on the high timeframe: 1) Strong pattern on d1. V-turn pattern. Price is breaking through the base, which is a strong medium term signal 2) There is a void ahead and liquidity area only around 152.00 TA on the low timeframe: 1) A retest of 148.86 support is forming. False breakout increases liquidity for further upside. Fundamentally, we have a strong dollar and a weak JPY, which can be seen on the chart 2) We are interested in resistance at 149.934. Consolidation of the price above the level will form a buy signal. 3) Targets: 150.5, 151.0 Key resistance📈: 149.934 Key support📉: 149.7
Long
by Gold-Tech
10
🥇GOLD - The buyer is out of the market. A big drop Gold is forming a strong decline. The price is breaking support levels without any particular reaction from the buyers. The decline is likely to continue until gold finds strong support TA on the high timeframe: 1) The market is breaking the 0.5 fibo area and forming further momentum. One of the key support levels may be tested soon 2) An area of liquidity that can stop the price still far away TA on low timeframe: 1) The 0.5 fibo is broken, at 1840.9. 2) Price is heading towards 1825, a correction can be formed from this level. After the correction, it makes sense to expect a fall. Within the counter-trend correction the price may reach 1930, 1940. 3) Medium-term target for us is 1807 (level from the weekly chart) Key support📉: 1825, 1815, 1810 Key resistance📈: 1840
OANDA:XAUUSDShort
by Gold-Tech
18
GOLD →The market doesn't feel supported. Further ↘︎OANDA:XAUUSD is in a strong distributive phase, the price is not even stopped by the 1885 level (liquids area). The price is updating the low amid negative fundamentals, as evidenced by strong weakness from buyers On Wednesday, the market forms a paranormal candle, the closing of which suggests the continuation of the fall, the local level of 1875 and 1872.58 is formed. If this zone is overcome and the price consolidates below this area, a bearish potential will be formed. But before the further fall, the market-maker may make a rebound to increase the liquidity. In the correction phase the price may reach such zones as: 1880, 1885 !!, 1890. But, it is worth paying attention to the D1 chart, the price is breaking the support of the symmetrical triangle, now the market has entered the phase of realization of the accumulated potential. On the background of bullish news for the TVC:DXY , the XAU price entry into the empty range can only accelerate its fall to 1800. This level is the nearest significant one. At the moment it is difficult to talk about buying, the medium-term market is ready to fall. We continue to follow the price Support levels: 1875, 1872,5 Resistance levels: 1880, 1885, 1890 Market is red, DXY is being pushed up on the back of unstable inflation. Gold is not feeling strong support levels, suggesting weak buying power OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
24
🥇Gold reaches important support. Waiting for a reboundGold is reaching an important goal for us. We've been waiting for this. A test of the level of 1885.100 is being formed. On the background of distributive fall and strong sell-offs, a rebound may occur. TA on the high timeframe: 1) A huge pool of liquidity is formed below the level of 1885, most likely, a false breakout should occur before the rebound TA on the low timeframe: 1) The false breakout could be quick (a few 5-minute sections) or it could be a long one 2) Either way it should be expected. Price after a strong fall may enter a correction or consolidation phase 3) If a false breakout is formed (not yet started), the price will go under the level and will trade lower for some time, but after the growth and return above 1885, an active growth (buyback) will be formed Key support📉: 1885 Key resistance📈: 1900
OANDA:XAUUSDLong
by Gold-Tech
23
GOLD → Bearish Pin-Bar on Negative Fundamental Background OANDA:XAUUSD is testing the upper boundary of the global descending resistance again at the end of last week. The retest occurs at the moment of strong news, but the key candlestick pattern is formed exactly at the moment of FED & FOMC speech, as a result of which the market determines the further prospect of strengthening the dollar and hence - the fall in the price of gold. In the coming week the market is expecting a lot of important news and I recommend to pay attention to Thursday and Friday. Lots of data that can determine the medium term pespectives for us. For example: GDP (QoQ) (Q2) Initial Jobless Claims Fed Chair Powell Speaks Core PCE Price Index (YoY) & (MoM) Based on the FOMC position from last week we have some views on the market at the moment, but confirmation is also needed. As for the market situation. I recommend to pay attention to the dollar. During the publication of the data the index only fixed above the level I mentioned earlier and after that it starts to form an impulse. The price opens a corridor to the side of 106 and 107.99, in this case this growth of the TVC:DXY will give a huge potential for a fall in the price of gold. The nearest target support in the medium term is the level of 1902.8. On the chart above, I have indicated several important levels to pay attention to as the price approaches them. From a global perspective, gold is in a consolidation phase, as evidenced by the monthly chart on the main screen. A strong accumulation zone is forming relative to the resistance area. In the coming week, I expect a fall towards the 1915 side or even 1900. As we see a sideways range forming and a deep false breakout of resistance with huge liquidity below 1910, this clearly defines the future prospects for the market maker. Most likely the medium term outlook at the moment is that the market is ready to lose ground further, how long this will hold is unclear, but it all depends on the world view (especially the US) on inflation OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
21
🥇GOLD - Selling off on weak news. Pin-bar Gold is losing almost 1.5% amid sell-offs. Yesterday, before the FED speech, the market maker strengthened the price to 1947.3. The news was strong for the dollar and weak for gold, thus we see a strong sell-off and at the moment the price is at 1919.5. Ta on the high timeframe: 1) False break of resistance at 1934 2) A strong candlestick pattern is formed for further selling. 3) A pin-bar is formed on the background of the false breakout. Target 1900 TA on the low timeframe: 1) False breakout of sideways range resistance defines further targets as 1910, 1907, 1901 2) Market is still bearish, price is falling below key levels 3) A retest of 1922.4 may soon follow before further declines Key support📉: 1916.9 Key resistance📈: 1922.4
OANDA:XAUUSDShort
by Gold-Tech
12
🥇GOLD - False breakdown forms a double top Gold on Friday forms a false breakdown of flat resistance (indicated on the chart). On Monday, the market forms a retest of the upper boundary and forms a false breakout again. TA on the high timeframe: 1) The market is still continuing to form a bearish trend 2) A retest of the liquidity area forms a false breakout, indicating buyer weakness at the moment. TA on the low timeframe: 1) Consolidation under resistance is forming. The market is preparing to fall 2) Within the flat we have the following targets: 1916.7 and 1907.6, which can be reached in the near future 3) Ahead is the local support at 1922 which may push the price away. At this point, the market may retest the resistance 4) We care about the dollar's reaction to the news. If the dollar starts to rise and overcomes the resistance, gold will head towards 1900. Key resistance📈: 1928.5 Key support📉: 1922, 1916 and 1907
OANDA:XAUUSDShort
by Gold-Tech
15
GOLD → Another false breakout on resistance retest OANDA:XAUUSD is weakening after a resistance retest that ends in a false resistance breakout. Yesterday, in Sunday's XAU idea, I talked about prioritizing a further drop as the dollar is poised to rise further and gold forms a false break of trend resistance Price is back under a strong descending resistance line. Consolidation below this line will form a strong bearish potential. The TVC:DXY forms a retest of 105.00, a fairly strong resistance that holds the price for a long time. This week there are many key news that will affect the market pricing and the $ value, which will give us a medium term outlook for both forex and gold. At the moment I expect a further decline in the price. The first important target is 1916.7, then 1903.8. The second option is important if the fundamental background does not change its direction. Resistance levels: 1928, 1926 Support levels: 1916, 1903 The market is testing the resistance for a breakout, but it is not ready yet, as the fundamental background for gold is still on the side of the bears OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
34
GOLD → The certainty of a strong market or the trap of MM?OANDA:XAUUSD is strengthening at the end of the week and closed above Monday's open. BUT! The dollar is also strengthening and on the chart we see several key elements forming and an important zone that can give us strong signals. In the coming week, the following news is worth paying attention to: 09.19 CPI (YoY) EUR 09.20 CPI (YoY) USD FOMC FED 09.21 Initial Jobless Claims FED 09.22 S&P Global Services PMI It is worth paying attention to the W1 dollar chart and the XAU 1D. A bearish wedge is forming on the chart, but a large candle was formed on Friday, within which gold has little chance of breaking through this area yes and in tandem with a rising dollar. There is a high chance of a correction beginning as we see a false break of a strong resistance zone on the hourly timeframe. The price is forming a fljt 1928 - 1903. The upper boundary is being tested and at the same time price is forming a false breakdown of a key liquidity and resistance area and most likely we may see a correction to 1916 or even 1903 on Monday. BUT! If the dollar, which is giving a strong signal to break resistance, fails to go up and starts a correction, then gold may well be able to break the above upper zone and start rising towards 1950, as the price is now looking more correct than expected on the back of TVC:DXY strengthening. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
20
RUNEUSDT → A retest of resistance could break the line BINANCE:RUNEUSDT gives us new prerequisites for further strengthening of the price. Another resistance retest is forming, which can break this zone on the background of local BINANCE:BTCUSD growth Several key elements are marked on the chart. The descending wedge, resistance retest, pre-breakout consolidation - all this can be regarded as a complex signal for a breakout of resistance. On the background of bitcoin's local strengthening, which occurs after breaking out of resistance, this could date a chance for RUNE and in such a case, the price when breaking through the indicated line could head towards 3.04 and give us almost 60% net move. The moving averages formed a strong signal a few days ago, which could be confirmed soon when the price breaks the upper boundary of the range Support levels: 1.722, 1.433 Resistance levels: upper boundary of the wedge, 1.942, 2.015. I expect that on the background of the next retest of the trend resistance the price may break it and start an active phase of strengthening towards 3.040 Regards R. Linda!
Long
by RLinda
13
🥇GOLD - Correction to previously broken support Gold is forming volume density on the resistance side which is pushing the price down. We are seeing a strong bearish trend that continues to conquer the lows TA on the oblique timeframe: 1) Price is in a bearish channel and is aiming for the nearest strong support area in the medium term - 1809 2) Within the near term target, price may reach 1885 within a few days. TA on the low timeframe: 1) A retest of the resistance area sends price down again 2) Support at 1909.85 is broken and a correction is forming to retest it 3) If the price consolidates below this, the market may give a good entry point for selling 4) Medium term target 1889 Key support📉: 1903.81 Key resistance📈: 1909.85, 1914.6
OANDA:XAUUSDShort
by Gold-Tech
13
GOLD → Resistance retest in correction phaseOANDA:XAUUSD is strengthening on Monday and is testing flat resistance with a false breakdown. Consolidation below 1928 is forming. The growth of gold is based on the fall of the dollar index before reaching a strong resistance On the chart, we see a flat formation after breaking the ascending channel support. Yesterday I pointed out that the TVC:DXY is in a strong bullish trend, but since the price is near strong resistance, a bounce down may follow before further gains, which is what we are actually seeing. As far as XAU is concerned, I am waiting for a fall after a false breakdown of resistance. Before the fall we are held back by the level of 1926. The target in this case will be the support at 1916 BUT, if the dollar continues to fall, gold will break 1928, and will reach 1939, also the price can test MA-200. On the global timeframe the preconditions for further fall are developing. Support levels: 1926, 1916 Resistance levels: 1928 I expect gold to decline in priority, but it should be understood that the scenario may break down based on external factors. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
21
GBPCAD → £ is weakening. Currency pair breaks support FX:GBPCAD breaks trend support and breaks flat support on the background of weakening pound sterling. A retest of the strong support area is formed. The main currency of the UK is also declining to a 3-month low The price breaks the support of the ascending price channel and forms an impulse. The market is forming an attempt to change the trend. In the near future the price may form a trend correction to the nearest resistance levels before further falling. The backdrop of the strengthening dollar is strongly affecting the entire forex market. DXY continues to update global highs, which provokes the weakening of world currencies. The level of 1.70345 and 1.7060 plays an important role for us. A retest of these areas could send the price far down. The moving averages are changing direction. Support levels: 1.70345 Resistance levels: 1.7087 I expect the fall to continue after a slight consolidation under the uptrend support. Regards R. Linda!
Short
by RLinda
12
🥇GOLD - Consolidation instead of momentum? A trap? Gold is breaking the support of the new price channel. The market is dominated by sellers due to buyer weakness amid dollar strength. TA on the high timeframe: 1) False break of the resistance of the global descending channel 2) There is a potential for price decline to 1886. TA on low timeframe: 1) Price tested the key descending channel support for a long time and at the same time the level of 1926 2) With the next move gold breaks the support of the descending channel 3) There is no downside after breaking the support, price is sandwiched between the 1916 support and the previously broken channel line 4) Since there is no downside momentum, price may form a retest of 1926. Further price movement will depend on this level. Since the main trend is falling, we should expect a price decline Key resistance📈: 1920, 1926 Key support📉: 1916
OANDA:XAUUSDShort
by Gold-Tech
11
GBPJPY → Bull market continues to push price after shakeout FX:GBPJPY continues to form a bullish trend. A flat is forming within the ascending price channel and another retest of support leads to a bullish impulse Earlier on the chart we see a strong spike down. A false break of support forms a shakeout in the market, a huge amount of volume is involved and in tandem with unstable fundamentals for the Japanese Yen, it predictably affects the pricing of currency pairs. For us the key role within the flat plays resistance 184.55 and support 183.7. Break of one of the zones with the subsequent consolidation of the price above the line will form the potential for movement in one direction or another. I am expecting growth from 184.55 as a priority. The medium-term target for us will be the resistance area of 186.765. The price is also testing MA-50 and an impulse will be formed in case of breakout. Support levels: 183.700 Resistance levels: 184.55 I expect the continuation of growth in priority. The price can also test the support with a false breakout, but the medium-term potential remains the same. Regards R. Linda!
Long
by RLinda
15
GOLD → Lots of assumptions. False breakout or breakdown? OANDA:XAUUSD on D1 is forming the preconditions for further growth, but there is no such thing on H1. NFP played no role for gold while the dollar is strengthening strongly There are not many key news this week, but they all come out on Wednesday and are all worth paying attention to as the data indicator will give us a medium-term view on pricing: 1) SP Global US Services PMI 2) ISM Non-Manufacturing PMI 3) ISM Non-Manufatiruong Prices Monday is a holiday in the US, so we do not expect high volatility. On the hourly timeframe there was a breakout of the resistance of the ascending channel earlier, everyone expected further growth, I told you that there is a chance of a false breakout. On Friday, after the publication of NFP and unemployment the market forms a shakeout in both directions, brings the price back to the boundaries of the ascending channel (false breakout) and in addition, the closing price remains in place of the opening price of the Friday session. The market is weak. BUT! The dollar index TVC:DXY is testing strong resistance around 104.5, if the area is broken, the price will head towards 105.5, and this will negatively affect the formation of the gold price. In this case, if the dollar starts its active growth, then on D1 gold will make a false breakdown of the bearish price channel, which will give a strong bearish signal and a huge potential for the price to fall as much as 6% and almost 1100 points. It is important for us to wait for confirmation of the market action. The dollar index may fail to pass the mentioned mark and form a flat correction, which is another scenario and gold may get a chance to rise to 2000-2100 in this case Regards R. Linda!
OANDA:XAUUSD
by RLinda
15
EUR/USD 1H Setup: Fibonacci Retracement and Rounding Bottom 📈🚀Calling all traders! We've got a fantastic EUR/USD setup unfolding on the 1-hour timeframe that you won't want to miss. Here are the key details: 🔑 Technical Analysis Highlights 🔑 📊 Fibonacci Magic: After a strong rally, EUR/USD retraced precisely to the 0.618 Fibonacci retracement level. A classic retracement pattern, indicating potential bullish strength. 🔄 Rounding Bottom Formation: The price has consolidated beautifully at the 0.618 level, forming a visually appealing rounding bottom pattern. The icing on the cake? The last candle is a bullish pinbar candlestick, signaling a potential upward reversal. 📈 RSI Confirmation: The RSI indicator supports this scenario, currently residing in the oversold territory, suggesting that a bullish move may be in the cards. 📊 Trade Strategy 📊 With these compelling technical signals, the strategy is clear: seize this buying opportunity on EUR/USD. Place your stop loss just below the pinbar, around 1.08320, to manage risk effectively. 🎯 Take Profit Targets 🎯 1️⃣ First Target: 1.09000 2️⃣ Second Target: 1.09400 3️⃣ Ultimate Target: 1.01000 Remember, trading carries inherent risks, and it's crucial to conduct thorough research and employ risk management techniques. Best of luck with your trades, and may they be highly profitable! 💰🚀📈 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
Long
by Thomas_Zito
3
OCEANUSDT → Wedge resistance breakthrough. New signal BINANCE:OCEANUSDT is making a liquidity shakeout from the support side. This maneuver gives a reserve of energy within which the price overcomes the resistance and breaks the wedge As bitcoin tests an important support area (25000 zone) and then forms a bullish momentum, the altcoin market starts to react accordingly. For us, it is important that bitcoin's reaction is not a short-term correction, but is supported by the trend. As for OCEAN - pay attention to the wedge (descending triangle). After the shakeout we see active growth and resistance breakout. Earlier there were retests and everything ended in a false breakout, so in our case it is now necessary to wait for the price to consolidate above the broken line, only then it is logical to open long positions in the hope that the market will strengthen. Support levels: 0.3027, previously broken line Resistance levels: 0.3335, MA50 and MA200 The market can perform quite well, but we need to wait for a more stable situation. I expect OCEAN to rise to 0.4477 in the medium term Regards R. Linda!
OLong
by RLinda
11
GOLD → The price will break 1914 and start another decline OANDA:XAUUSD is declining amid the strengthening of the dollar. TVC:DXY finally consolidates above the key support of 103 and starts upwards to 105-107, which gives a new kick to gold for the fall On the chart we see the price stopping in the area of 1914-1918 and the price forms a retest of 1914 after a false breakout - a strong enough syschgnal that prepares us for a possible fall in the value of the metal. If the price breaks 1914 and forms a consolidation below the level, it will give us a strong signal that the price will continue its fall to 1900-1885 after a shakeout in the form of a rally to 1918. A stronger dollar means that no one will cut rates anytime soon as the market still sees strong inflation. Moving averages are acting as support but MA-50 may be broken soon which would open a new corridor for price Support levels: MA-50, 1914, 1911 Resistance levels: 1918 I expect a short setup and the development of the situation in the format of price decline to 1900, but something against the scenario can always happen. If the price breaks 1918, it will start to rise to 1925. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
15
🥇GOLD - Price is hitting a strong resistance area Gold stops falling and forms a range of 1902 - 1885. A resistance retest and false breakout is forming TA on the high timeframe: 1) False breakout and fall to 1884, after which the price forms a retest of previously broken support 1902 2) From this level the price may continue its decline TA on the low timeframe: 1) With the probability of 70-80% the price will not be able to pass through the indicated resistance because of the trend, because of the volume density and because of the liquidity zone 2) False breakout with the top of 1908-1910 is possible 3) The trend is downward and most likely the price may go down to 1893 and 1885. Key resistance📈: 1902.7 Key support📉: 1893.8
OANDA:XAUUSDShort
by Gold-Tech
16
GOLD → Bearish trend resistance breakout. realistic? OANDA:XAUUSD makes a false breakout amid the news. The price is testing the 1900 liquidity area. The chart set-up and pin-bar form a bullish potential On the chart we also see the strengthening of the price. Gold makes an attempt to break the bearish resistance and for a few hours the price forms a consolidation above the previously broken line. On the chart I have indicated the upper boundary at 1912.7. I think there is a chance that after a strong fall, the price may go into a consolidation or flat format. 1912 is a strong and liquid resistance and is likely to push the price back to the support, which will only confirm the flat. Our task after the breakout of trend resistance is to pay attention to strong levels to open positions for breakout, rebound or false breakout. It is too early to talk about the trend change. We are watching the price. The price is testing MA-50 for a breakout. If it happens, gold will strengthen to MA-200. Support levels: 1902, 1900 Resistance levels: 1906.5, 1911.5, 1912.7 I expect a correction to the resistance. From 1912 a pullback and retest of support is possible. Regards R. Linda!
OANDA:XAUUSD
by RLinda
22