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Trend Line Break

GOLD → One step away from a bullish trend reversalFX:XAUUSD is emerging from the local corrective channel “flag.” Pre-breakdown consolidation relative to the base of the reversal pattern continues. All eyes are on 3200... Gold is losing ground amid trade optimism and a strong dollar. The price is falling at the start of Wednesday as traders take profits after a rise from weekly lows. Weaker-than-expected US inflation has not justified expectations, but the Fed's refusal to cut rates soon is weighing on the metal. Optimism surrounding new trade agreements between the US and China, the UK, and other countries, as well as hopes for peace talks between Russia and Ukraine, are reducing demand for gold as a safe-haven asset. Technically, the overall situation looks bearish. There is no deep pullback from support, which means pressure from sellers in the market. Consolidation is forming before an attempt to break through the 3200 level. Resistance levels: 3243, 3257, 3269 Support levels: 3222, 3200 If the price continues to consolidate in the current local range and continues to attack support at 3222-3200, then in the short and medium term, we can expect the decline to continue. However, knowing the tricks of MM, the price may form a short squeeze relative to local resistance zones before falling further. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
26
GOLD → Correction ahead of news. Will the decline resume?FX:XAUUSD has been buying back all the losses from the Asian and Pacific sessions since the opening of the European session, but this looks more like a catapult being loaded... GOLD broke through the global consolidation base of 3200, which only confirmed the bearish market structure. Investors are waiting for PPI and retail sales data in the US, as well as Fed Chair Powell's speech. Expectations of fewer Fed rate cuts and optimism surrounding trade talks with China and South Korea continue to weigh on gold. However, weak macro data and a growing US budget deficit could revive interest in this safe-haven asset. GOLD is in a correction phase and is heading towards the zone of interest: the liquidity zone and previously broken support of global consolidation. Resistance levels: 3187-3190, 3200 Support levels: 3123, 3100 Gold may test the indicated resistance, but based on the nature of the market, this situation may end in a false breakout and a fall. Target 3123 - 3100. However, unpredictable data may temporarily change the market, which could lead to momentum towards 3220-3230. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
4
NZDJPY → Countertrend correction and false breakoutFX:NZDJPY is testing resistance within a global downtrend. The currency pair is not yet ready to continue its growth and is forming a local reversal pattern. Within the global downtrend, the currency pair is forming a countertrend correction and testing resistance at 87.400. The liquidity pool formed above this level is not yet ready to let the price move further. Without the possibility of continuing growth, the price returns to the range and forms a false breakout of resistance. However, since we are in the range and the price has returned inside it, if the bears hold the line (the upper limit of the trading range) at 87.400, this could trigger a further decline, thereby continuing the global downtrend. Resistance levels: 87.400 Support levels: 86.5, 85.26 Consolidation of the price below 87.400 will confirm that the price is not yet ready to continue the trend. The falling dollar index is provoking a rise in the Japanese yen, which may also put pressure on the currency pair. Best regards, R. Linda!
Short
by RLinda
9
Alibaba - This was just the obvious bottom!Alibaba - NYSE:BABA - will head much higher: (click chart above to see the in depth analysis👆🏻) Ever since Alibaba actually retested the previous all time low in 2022, we have been able to see the textbook creation of a rounding bottom formation. Even the recent break and retest was perfectly playing out and if Alibaba confirmes the potental breakout, a rally of +50% will most likely follow. Levels to watch: $140, $220 Keep your long term vision! Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
8
GOLD → Retest resistance before fallingFX:XAUUSD is forming a correction and retesting a strong resistance and liquidity zone within a downtrend. The global trend is one step away from a reversal... Gold stabilized ahead of the release of US inflation data. After falling 3%, gold is holding steady at around $3,200, consolidating against a weaker dollar. Investors are awaiting US CPI data, which could set a new direction. Optimism about the US-China trade agreement, geopolitical détente, and profit-taking on the dollar are holding back the price decline. The market is assessing how inflation data will affect Fed policy and demand for safe-haven assets. Globally, the market doubts that the upward trend will continue, and there are reasons to look for points from which the price could start to fall sharply... Resistance levels: 3269, 3284 Support levels: 3246, 3200, 3167 The news may cause a shake-up, but if there are no surprises, a false breakout of 3260-3270 and consolidation of prices in the selling zone could trigger a decline to 3200-3150. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
22
ETHEREUM → Consolidation. Which way will the distribution go?BINANCE:ETHUSDT.P has moved into a consolidation phase after the distribution phase. Focus on the 2414-2725 range. A retest of support is possible during the current phase. Despite the bullish trend, there are risks of a reversal... ETH has been a fairly unprofitable project over the past few years, with the price hitting one bottom after another. While Bitcoin and altcoins were flying high, ETH has only shown itself to be a bull in the last few days. In the current phase, the focus is on the consolidation boundaries, as well as the 2550 level. If the bulls keep the market above 2550, then the coin could strengthen to 2725, which would be a positive sign for us that buyers are interested in continued growth. If ETH continues its correction towards support at 2414, then we will need to monitor the market's reaction to this level. I remain skeptical about ETH due to its weak long-term performance despite a strong fundamental backdrop. Resistance levels: 2550, 2725 Support levels: 2414, 2260 Further movement will determine the price's exit from consolidation: a breakdown of support means a fall, a breakout of resistance means growth. But the current scenario is trading within the range. If ETH trades near 2725 and forms a pre-breakout consolidation, then we will have a chance for growth. The opposite scenario is if the price falls below 2550 and begins to test 2414. In this case, sticking to the support level and numerous retests will indicate that the bull market has exhausted its strength and we can expect a correction to 2260-2065. Best regards, R. Linda!
Long
by RLinda
1
SUIUSDT → False breakdown of support before growthBINANCE:SUIUSDT has entered a consolidation phase within a bullish trend. The chart shows a zone of interest and a trigger area that are worth paying attention to... The coin looks quite positive. An upward trend is forming, which is also supported by the growth of Bitcoin and a relatively positive fundamental background. Technically, SUI is consolidating between 4.110 and 3.811. Below the support level, a huge liquidity pool has formed, which has not yet been tested. There is a high probability of a false breakdown before the growth continues, but if the market turns out to be more aggressive, buyers may not let the price fall to 3.811, in which case we can consider a breakout of the resistance at 4.11-4.275 and consolidation of the price above these levels with the aim of continuing growth. Support levels: 3.811, 3.667 Resistance levels: 4.11, 4.275 The movement of Bitcoin shows that the market is gathering liquidity as part of a local correction against the backdrop of a bullish trend. Yesterday, we all witnessed a local liquidation, but there are no reasons for a decline yet. SUI, in an ideal scenario, may test support at 3.811 and form a false breakdown before continuing to grow. Best regards, R. Linda!
Long
by RLinda
10
EUR/USD Wave 5 Setup – The Calm Before the SurgeWe're tracking a potential Wave (5) extension on EUR/USD after a clean completion of Wave (4), which bounced right from the golden zone between the 0.382–0.5 fib levels. 🔍 Structure & Context: Wave (4) bottomed at 1.1065, aligning with key fib confluence and RSI oversold bounce. Price is now showing early signs of bullish momentum, currently trading just under 1.1200, above the 0.382 retracement. If this count holds, we could be entering the early phase of a bullish impulse leg toward 1.1572 and possibly 1.1755 for Wave (5). 🧩 Technical Confluences: ✅ Fib retracement support (0.382–0.5) held strong ✅ Price reclaiming 20/50 EMAs; 200 EMA still overhead but flattening ✅ RSI recovering above 47, showing room for upside ✅ Minor resistance at 1.1272 → watch for breakout confirmation 🎯 Key Levels: Entry Zone: 1.1150–1.1190 Wave 5 Target: ⚡ TP1: 1.1388 (0.618 ext) ⚡ TP2: 1.1572 (wave projection) ⚡ TP3: 1.1755 (extended target) Invalidation: Break and close below 1.1045 📌 Plan: Looking for bullish continuation confirmation above 1.1225 with strong momentum. Tight risk with upside reward aligning beautifully with the wave structure 📈 💬 Let me know your thoughts on this count—bullish or premature? 📊 Drop a like if you're trading EUR/USD & follow for more wave-based setups! @WrightWayInvestments @WrightWayInvestments @WrightWayInvestments
Long
by WrightWayInvestments
2
Gold - This is still clearly not over!Gold - TVC:GOLD - just needs a moment to breathe: (click chart above to see the in depth analysis👆🏻) It is just incredible how Gold has been rallying lately. Just over the past 1.5 years, Gold is up another +80% and is creating new all time highs every month. Since these strong rallies continue a lot longer than most people think, Gold still has significant upside potential. Levels to watch: $3.500, $4.000 Keep your long term vision! Philip (BasicTrading)
TVC:GOLDLong
by basictradingtv
11
XAU/USD 4H Chart Analysis – Wave 5 Setup in PlayHey traders! Just wanted to share this clean Elliott Wave setup I’m tracking on Gold (XAU/USD). We’ve just completed what looks like a textbook Wave (4) correction, finding support right at the lower boundary of this long-term ascending channel. Price also respected the 38.2% Fibonacci retracement perfectly, lining up around the $3,090 level. That level is acting as a key demand zone right now. 🌀 According to the wave count: Wave (3) topped out near $3,500 Wave (4) retraced sharply into the channel base We are now potentially at the launch point for Wave (5) — the final impulse leg 💹 Wave (5) Projection: Targeting the upper channel boundary, which aligns closely with $3,740–$3,750 This area also completes the measured move and matches key structural confluence 📈 Technical Confluence Supporting the Bullish Bias: RSI bounced cleanly from oversold territory Bullish EMA crossover (20/50) is happening right near the bounce zone We’re also seeing a break of the corrective trend line, suggesting momentum is shifting back in favor of the bulls 📍 Key Levels to Watch: $3,149: minor pullback area / possible retest $3,283: Fib 23.6% resistance — needs to be cleared for confirmation $3,500: Major resistance & previous high — breakout zone $3,747: Wave 5 target ⚠️ Invalidation Zone: If price breaks below $3,090, and especially $3,041, I’ll be reassessing the wave count. That would suggest a deeper Wave 4 or a breakdown in bullish structure. 📌 Conclusion: I’m watching this setup closely. Gold looks poised for a strong upside leg if current levels hold. The structure is clean, momentum is turning, and we’ve got multiple confirmations in place. I’ll be scaling in with proper risk management and looking to ride this potential Wave 5 to new highs. Drop your thoughts below — are you long on Gold? Let’s talk setups 👇 @WrightWayInvestments @WrightWayInvestments @WrightWayInvestments
OANDA:XAUUSDLong
by WrightWayInvestments
AUD/USD 4H | Wave 2 Pullback in MotionAUD/USD is currently completing a corrective Wave (2) within a larger impulsive structure. After the peak of Wave (1) at 0.65145, price has been in a healthy retracement phase, now nearing key fib confluence zones. 🟣 EMA Confluence: Price is reacting near the 100 & 200 EMA (0.6373–0.6394), which has acted as dynamic support throughout this structure. We are currently holding above the 0.382 level, with the golden zone (0.618–0.705) sitting just below. 🔄 Bullish Continuation Scenario: If the pair holds above 0.6285 and we see bullish confirmation candles, we may begin the next leg higher — Wave (3) — targeting 0.66250–0.66766 as initial projection zones. 📊 RSI: The RSI is hovering just below the 50 level, showing temporary bearish pressure, but has room to recover if structure holds. 🧠 Plan: 📍 Watching 0.6285–0.6214 for final support 📍 Wave (3) target zone: 0.66500+ 📍 Invalidation: Clean break and close below 0.6015 🔔 Wave (2) entries are where the patient traders shine. Eyes on structure, and let price do the heavy lifting. @WrightWayInvestments @WrightWayInvestments @WrightWayInvestments
Long
by WrightWayInvestments
Tesla - The Next 7 Days Decide Everything!Tesla ( NASDAQ:TSLA ) is sitting at a crucial structure: Click chart above to see the detailed analysis👆🏻 Despite the -60% correction which we have been seeing over the past couple of months, Tesla still continuously validates its overall uptrend. That's exactly the reason for my strong bullish thesis and the assumption, that after we see bullish confirmation, Tesla will reject the current support area. Levels to watch: $250, $400 Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
7
EURJPY → Storming the resistance. Ready for the rallyFX:EURJPY is rising amid a stronger dollar and positive news about the de-escalation of the trade war. The currency pair is storming the resistance of the range. The currency pair is forming a retest of resistance. A breakout and consolidation above 164.19 - 164.50 could support the market amid the dollar's growth. The dollar is strengthening after positive news related to the de-escalation of the trade war. Against this backdrop, the Japanese yen is losing ground, which is generally affecting EURJPY. A move above the key level will confirm a breakout of the resistance of consolidation, which could trigger a distribution phase... Resistance levels: 164.19, 166.7 Support levels: 163.15, 162.38 The price has already entered the buying zone, meaning that resistance has been broken. All that remains is to wait for confirmation that the bulls are ready... Consolidation above 164.19 - 164.5 will confirm this, and in that case, we can expect distribution towards 166.7. Best regards, R. Linda!
Long
by RLinda
4
BITCOIN → Consolidation before the rally. 106K - 110K?BINANCE:BTCUSDT , after breaking out of consolidation at 97,860 and distributing to 104,300, has returned to a consolidation phase, which is generally a positive sign for possible continued growth. The growth of Bitcoin is linked to several reasons: General improvement in the global market situation — easing of trade conflicts; Expectations of a US Fed rate cut; Influx of investment into Bitcoin ETFs Technically , we see the price breaking out of its local downtrend and entering a strong distribution phase. The northern train continues to pick up passengers. At this stage, I would like to draw your attention to the consolidation at 104300 - 102300. A rebound from resistance is currently forming, and we need to monitor the levels of 103300 - 102300 - 101700. These are quite important areas of interest. A false breakdown (liquidity capture) may form before further growth. A return to resistance and the formation of pre-breakout consolidation, for example between 104300 and 103300, will only increase the chances of a breakout of resistance and growth to 106-107K. Resistance levels: 104300 Support levels: 103300, 102300, 101700 The trend is bullish, with Bitcoin consolidating. The coin is not going to fall (at the moment), but to build up potential, the price may form a false breakdown of support (a deceptive maneuver) before continuing to rise. Retesting the 104300 level could lead to a breakout and upward distribution. Best regards, R. Linda!
Long
by RLinda
40
GOLD → Return to range. Fall from resistance...FX:XAUUSD is reacting to data related to the tariff war. The price is returning to the range and forming a false breakout of resistance. The level of 3370 and the zone of interest at 3387 play a key role. On Thursday, gold rose to $3,400 amid a weaker dollar, increased demand for safe-haven assets, and continued uncertainty due to US trade policy and tensions in the Middle East and Ukraine. The Fed left rates unchanged and expressed caution in its assessment of the outlook, which also supports gold's rise. However, in the European session, we are seeing gold react to the trade deal with Britain, most likely due to the easing of tariffs. Now the main focus is on the terms of the deal. We should not forget about China, where the situation remains tense, but everyone is waiting for a resolution. Resistance levels: 3352, 3369, 3385 Support levels: 3319, 3269 The fundamental backdrop changes several times a day. At the moment, the situation is as follows: the rise of the dollar, the weakening of the tariff war, and the hawkish stance of the Fed may put pressure on gold. Therefore, I expect the decline to continue after a retest of 3370-3386. In this case, the target could be 3319. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
36
SOLANA → Resistance level and free zone for growth up to 180.0BINANCE:SOLUSDT.P is holding steady and consolidating near the resistance level of the global price range of 152.85–111.85. Thus, the market has signaled that it is in a positive mood. A trigger is ahead... SOL is forming a flag consolidation near the upper border of the trading range of 152 - 111, which indicates the accumulation of pre-breakout potential. A breakout from the flag, a break of resistance, and consolidation above 152.85 could provide support and growth. The cryptocurrency market is reviving after yesterday's news and relatively positive data in the tariff war. Countries are gradually beginning to agree, which is generally supportive for the crypto market. Resistance levels: 152.85 Support levels: 144.6, 141.2 A breakout of the resistance range of 152.85 and consolidation of the price above this level will confirm the readiness for further growth. Further on, there is a free zone and the price can easily reach 180.00. Best regards, R. Linda!
Long
by RLinda
16
ETH BreakoutDown‑trend break A sharp, high‑volume candle has punched through the descending trend‑line, giving a clear bullish break of structure. Resistance → Support flip The 2 100‑2 150 USDT band that capped price earlier is now a potential support zone. A brief retest that holds would keep the bullish scenario intact. First objective: 2 500‑2 550 USDT Liquidity sits there (horizontal line on your chart). It’s a logical partial‑take‑profit area. Expected pullback The arrow sketches a throwback toward 2 350‑2 400 USDT to form a higher low after the breakout. Second objective: 2 800‑3 000 USDT 3 000 is a psychological level and aligns with a higher supply zone. If that breaks, the broader 3 300‑3 600 USDT grey box comes into play. Invalidation A 4‑hour close back under ~2 100 USDT or a move below the broken trend‑line would kill the bullish thesis. The arrow shows a classic breakout → retest → continuation roadmap. As long as ~2 100 USDT holds, it’s a reasonable bullish path—but keep tight risk management in case the retest fails.
Long
by orihadad66
1