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RLinda ! GOLD-> The formation of the bear flag, or...Gold is trying to break above the 1879 level again. But a closer look reveals the possibility of a bearish pattern, called "Flag", which looks like a continuation of the move after the correction. The gold stops the fall in the liquidity zone between 1879 and 1869, but there are many questions: no strong pullback up, the price forms an ascending range, which starts playing the role of a flag - this pattern is interpreted as a trend continuation pattern, i.e. the local target can be the range boundary, but in the mid term we should expect a break of the flag support (local ascending channel) and continuation of the fall. I expect that in the nearest future the price after reaching the flag resistance can rollback to support 1879, but if the scenario is respected, the price can strengthen to 1900 Regards R. Linda!
OANDA:XAUUSD
by RLinda
18
RLinda ! DOGE-> The bulls are drawing a triangle. What's next? DOGE is showing confidence in relation to the whole market and in relation to bitcoin. Large investors are clearly interested in the price in light of recent events (one of which is Musk's purchase of Twitter) (Chart 1. Two-Day Timeframe. Breaking resistance and moving price into the long zone) On the two daily chart we see a break of the resistance which has been forming since June 2021, the price forms a strong momentum and rolls back to the support of February 2021. We see a consolidation above the previously broken zone, I think that after an exit from the consolidation we will see a strong movement. With the bulls dominating the market, the price has the potential to rise to 0.1500 and then to 0.3517 On the hourly chart I marked a bearish price channel. The declines stopped at 0.07110, after which the price moves into a consolidation phase and breaks the resistance, but at the same time it continues to gain energy in the range phase. After the breakdown of the channel resistance, a symmetrical triangle is formed, which may be a hint of a trend change and when the price goes over the upper boundary, a strong rise may be formed. The short-term target is resistance at 0.10990. The medium-term target is the level of 1.13392. Regards R.Linda!
Long
by RLinda
16
RLinda ! GOLD-> correction phase. Rollback to 1727Last week, the price of gold posted its best weekly gain since March 2020 on hopes for a slowdown in the pace of rate hikes after data showed easing price pressures in the U.S. Today, however, the price moves into a correction phase after two sessions of gains amid a rising dollar after Federal Reserve Chairman Christopher Waller warned markets that the central bank is not going to soften its fight against inflation. (Chart 1: Correlation between hourly timeframes of the gold price and the U.S. index) The DXY rose 0.4%, making gold more expensive for holders of other currencies. Waller said Sunday that the Fed might consider slowing the pace of rate hikes at its next meeting, but it should not be seen as "easing" its fight against inflation. Meanwhile, U.S. consumer sentiment fell in November, driven by lingering concerns about inflation and higher borrowing costs, a survey showed Friday. Volatility will persist as inflation undoubtedly remains in the spotlight For an asset that is often advertised as a hedging tool, gold is having a tough year (Chart 2. Hourly Timeframe. Technical Indicators) From the technical analysis viewpoint, the gold made a false-break-down of the resistance at 1765 and after a consolidation it started its slide towards the support at 1727. The price is in an ascending price channel. The support zone is about 15-20 dollars, which the gold can break through in a fairly short time. Hourly MA-50 and MA-200 still play the role of support on the hourly timeframe Hourly RSI moves under the neutral 50 line, indicating a downward correction is forming Hourly MACD, signal and MACD line are still in the bullish zone, but indicate a bearish trend, as does the chart. I expect that the fall may reach the support zone of 1727 Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
10
RLinda ! GOLD-> MA-50 and MA-100 support the price. Long?The FED policy statement will be released at 18:00 GMT Gold gained ground on Wednesday on the back of a weaker dollar. Key trading instruments are in a narrow range in the waiting phase, as investors do not want to make big bets before the U.S. Federal Reserve's rate decision. Traders will be watching the Fed's comments on future policy amid growing optimism that the U.S. central bank will slow rate hikes from December. Data released Tuesday showed an unexpected increase in U.S. job openings in September, signaling a resilient labor market. If we do get any story of the dollar weakening after the Federal Reserve press release by 50 basis points, gold would have no trouble getting back to $1700 even in the coming sessions, but in the meantime, in the absence of positive dynamics, the price could head towards the $1600-1500 range. Gold on the hourly chart shows a good bullish movement. An upward price channel has been formed, hinting at a positive trend amid rumors of positive news this evening. Gold is supported by the MA50 (hourly) and MA-200 (hourly), which is a good signal. The price retests the resistance of 1657 and if things go well and the gold breaks this level, it might go up to 1670. However, before the news I recommend you to monitor the situation and not to make unreasonable decisions. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
17
RLinda ! WAVES-> The price is in the realization phase. Growth? WAVESUSDT continues to fall for a long time. The price has minimized its volatility to its October 2020 range. Globally, the price shows no attempt to grow or change its trend to an uptrend. The volatility decline and the sideways trend from May 2022 until today continues and the price continues to fall On the 4h chart, we see the formation of a bullish pattern, "Downward Wedge", which resistance is a key point to open long positions (Breakdown pattern) The price breaks the resistance and is currently forming a technical pullback to the support zone. It is acceptable to start looking for an entry point into a long position. The short-term target is resistance at 3.964 Medium-term target - resistance 4.686 Next target - liquidity zone 5.288. Regards to R. Linda!
WLong
by RLinda
8
RLinda ! GOLD-> What to Expect Ahead of Week 44, 2022?XAU Futures prices were down -1.24% by the end of the weekly session despite the weakening of the US. But the Fed's November press release could trigger a strengthening of quotations. The Federal Reserve is projected to raise interest rates by 75 basis points at its meeting, but at the same time but may take a less aggressive stance going forward, which would be a "good call" for investors. Nasdaq and Dow ratios underscore FAANG collapse, Fed and recession are next week's top topics On the weekly chart, gold makes a retest of the critical 1639.74 level after it made a false break-down of the resistance at 1697.64 - With a negative outcome of the Fed meeting, the price may break the support and move into the 1600-1500 range, which will stifle the interest of big investors. - If the Fed releases positively, we could see the gold consolidate between 1697-1639, which might break the resistance and push the price higher. * Gold is momentarily consolidating under the MA-200 trendline, which hints at a lull before the global news release. On the main chart ( 1 hour ), we see a smooth price movement from a descending price channel into consolidation. The market is moving into a neutral state, as everyone is waiting for the news. What to expect next? From the technical analysis point of view, we see a third false-break of the support at 1642 and a return of the price inside the range of 1673-1642, which might hint that the price might slightly strengthen to the resistance since the opening of the session. Consolidation is a phase when the price decreases the volatility, and the limit lines are drawn, beyond which the big players do not let the price out. There is a Fed meeting coming up and I think this is the fact that could influence further price action. Either up towards 1728 or down towards 1500 Regards to R. Linda!
OANDA:XAUUSDLong
by RLinda
15
RLinda ! GOLD-> Rollback to Support. What next? Gold prices are in a decline phase as the U.S. dollar index rises. Investors are waiting for economic data on GDP in the nearest future. Also under great scrutiny is the upcoming Federal Reserve press release. Investors are expecting the Federal Reserve to slow down the pace of rate hikes. On the main chart we see the formation of a pullback within the local rising price channel. The price after false break in the resistance of 1668 tends to the strong support of 1654, below which there is a key support zone, the chances of break in which, under the pressure of the global trend, are quite high. I expect in the form of price reaction to the level - a pullback up. In our case the short-term target will be the previously tested resistance level of 1668. In the mid-term prospect it is possible to expect growth up to 1681, 1703 and 1728. Regards R.Linda!
OANDA:XAUUSDLong
by RLinda
27
RLinda ! GBPUSD-> Bullish on the market. For how long? Calculated by ICE index, which shows the dynamics of the U.S. dollar against major currencies is declining by about 0.1%. Over the past two sessions, the indicator has fallen by 2% and dropped to its lowest in a month The main reason for the dollar's decline this week was expectations that the U.S. Federal Reserve might slow its key rate hike as inflation wanes and the U.S. economy weakens The British pound is recovering. After a long struggle in the area of 1.1000-1.14000, the price is determined with the forces and the bulls finally show themselves after a consolidation above the downtrend (red) line. The price breaks through the important resistance zone 1.14500 from below upwards, which is some kind of exact risk and at the moment the price is forming an upward impulse. With bitcoin's strength strengthening above the level, there will be excellent potential for good medium-term growth On the main chart, the price forms a breakout of the level from the first technical pullback of 1.15843, but is in no hurry to grow further. Assumptions: 1) In an unstable fundamental situation the price can form a pullback to the zone of 1.14900 and from which the growth to the resistance levels will probably continue 2) It is also worth waiting for the price rollback to the support area base (the bottom line of the ascending channel) 3) The local trend is ascending, and the price shows a bullish mood. We are looking for strong support zones, waiting for the price to test these zones and confirmation of the reaction of the bulls for further growth, only then it is acceptable with minimal risks to open long positions Sincerely R. Linda!
Long
by RLinda
19
RLinda ! GBPJPY-> Rising Triangle. Waiting for a breakout? GBPJPY is in a global uptrend phase, due to the weakening of the yen and a difficult economic situation on the back of rising inflation, settlement efforts and other factors On the global chart, we see a gradual growth and a smooth transition to the sideways range between resistance 168,500 - 158,500, the price around resistance is forming a consolidation, for a possible breakdown On the local chart we see a local rising price channel and price entry range between 169.344 - 165.546, Between the local highs and lows the price forms an ascending triangle against the resistance 169.34. The buyers show their strength and form a pre-breakdown trading, waiting for a breakdown. In the nearest future I expect breakdown of resistance with further growth, the medium-term target is resistance 174.5 Regards R. Linda!
Long
by RLinda
12
RLinda ! EURJPY-> pre-breakout consolidation. What's next? The dollar strengthened broadly on Friday, affecting the EURJPY as well. The euro/jpy currency pair is renewing local highs and is aiming for the 149,000 zone. New threats of intervention from the Central Bank of Japan forced investors to be on high alert. On the global chart we see a global distributive movement after the exit from the 136.9 - 113.3 consolidation. At the moment the currency pair aims to reach the 149,000 zone On the local timeframe, we see the formation of a resistance zone 147.250. After a prolonged pre-breakdown consolidation, the price is testing the breakdown resistance again. The local trend is ascending and below the local support there is a support zone, which may not allow the price to fall. I expect a breakdown of 147.250 zone and price growth in the near term The short-term target - resistance of 148.5 Medium-term target - 149.500 level of 2014 Regards R. Linda!
Long
by RLinda
7
RLinda ! GBPUSD-> Rollback Price. What's next? GBPUSD weakened on Tuesday, but looks fairly confident, there are a number of reasons for that. Investors began to wonder about the future prospects of UK interest rates after the announcement of a new decision by Britain's finance minister to cancel most of the government's "mini-budget". Sentiment was also bolstered by the news that the new British finance minister has reversed almost all of the tax cuts The Bank of England intends to postpone quantitative tightening until the bond market calms down. From the point of view of the technical analysis we might see the formation of price growth gradually raising the local minimum, which might indicate a local uptrend. At the moment the pullback to the support zone is forming, which will allow waiting for the price to enter the zone for finding a more comfortable entry point near the support of the price channel. The short-term target in this situation is the zone of 1.14900, the medium-term target is the liquidity zone of 1.17342 Sincerely R. Linda!
Long
by RLinda
11
RLinda ! DOTUSDT-> Potential for growth opens upDOTUSDT has been in a global downtrend for a long time, from the November 2021 high the price fell to 6.10, after which the price moves into a consolidation phase and begins to show signs of a possible further rise On the global chart we see the price is trading below the 6.80 level which was formed in August 2020 and which is important for further upside. As we see, the level of 6.80 is the bottom line of a wide range (6.80 - 22.70) and if the price returns above 6.80 and keeps the position, the price can show a very strong growth to the resistance of 22.70 (about 230% of the movement) On the local chart we can see the formation of the descending wedge, which stops at the level of 6.10, the price passes into the consolidation phase, within which it breaks through the key resistance. I assume that with a lucky set of circumstances, the price can break through the resistance of 6.53 and reach the medium-term target of 7.72. Another target, which is important for the price is the resistance of 9.65. Regards to R.Linda!
Long
by RLinda
6
RLinda ! USDCAD -> Limit resistance breakdownThe U.S. dollar continued to strengthen on Monday after a strong rebound on Friday on U.S. labor market data Statistics released Friday showed that the U.S. labor market is still strong despite a significant tightening of monetary policy by the Federal Reserve From a technical analysis perspective, I assume that locally we will see gains in the near term. On the chart an upward price channel is formed, we should also pay attention to the limit resistance level 1.37550, after testing and multiple retests we do not see fall, but if you look carefully, you can see a price downgrade to the resistance. A pre-break consolidation is forming, which might be followed by a break-down of the resistance and a strong momentum, which I am waiting for. The short term target is the resistance at 1.3837, the medium term target is the resistance and the liquidity zone at 1.39000 Regards to R.Linda!
Long
by RLinda
12
RLinda ! DOGEUSDT-> Should we expect growth? DOGE formed an upward momentum of 12% of the price on Tuesday and, as we can see on the chart, is breaking through strong resistance. What happened? According to SEC documents, Elon Musk sent a letter to Twitter on Monday wanting to proceed with a deal to buy the company. The company intends to close the deal at $54.20 per share. Faced with this turnaround, Twitter's stock rose more than 22% on Tuesday But these announcements also had a strong impact on the cryptocurrency market, specifically on Ilon Musk's favorite cryptocurrency, DOGEUSDT soared 12% What's going on from a technical analysis perspective? A resistance trend line from August 16 is forming on the chart, but momentum is forming and the price breaks resistance up at the moment the news is released. The price is trading in an upward price channel (local up-trend) and at the moment we see a correction to the channel support. I assume that the price can test the support area, and then the price might go up significantly, and there are positive fundamentals that might push the price up. The short-term target is the resistance at 0.0683, the medium-term target is the liquidity zone at 0.07185. Regards R.Linda!
Long
by RLinda
6
GOLD keep fallingThe price is in a downtrend. There was an attempt when they tried to redeem the price, but the pressure of the sellers did not allow it. There was a price rollback from the level of 1780 and in the resistance zone the price reverses and continues to fall, breaking through the level of 1802. I am waiting for the consolidation under the level and the price to fall to 1792 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
FOREXCOM:XAUUSDShort
by Lingrid
27