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Trend Line Break

GOLD → An attempt to break H4-D1 support. Fear?FX:XAUUSD is updating the low. The breakdown of the structure confirms the dominant bearish potential. But, the price is moving reluctantly in anticipation of the news. There could be a retest of resistance (trap) before falling. The dollar is strongly bullish. The US market situation is difficult and regulators have hinted more often about rate hike, inflation is uncontrollably rising and this is a negative scenario for the markets. The situation in the Middle East is heating up: the Israeli army continues to pull heavy military equipment to the borders of Lebanon. The intensification of the conflict will increase the interest in gold as a safe-haven asset. At the moment, technically, gold is in a selling zone, as the price is breaking the strong support area H4-D1. A retest is possible before the subsequent fall (if the overall fundamental environment does not change dramatically). Resistance levels: 2326, 2332, 2341 Support levels: 2315, 2306, 2297 Traders are waiting for the US GDP, which will be released tomorrow. Traders expect the DXY to continue its northward course, accordingly, the expensive dollar on gold may have a negative impact... Regards R. Linda!
FX:XAUUSDShort
by RLinda
32
XAUUSD - Gold prices continued to fall💵GOLD PRICE AND ECONOMIC INFORMATION Gold fell to around $2,310 per ounce on Wednesday, extending its decline from the previous session, as investors digest more hawkish remarks from Federal Reserve officials about the outlook for interest rate cuts. Fed Governor Lisa Cook stated on Tuesday that a rate cut will be appropriate at some point, but the timing is uncertain, while Fed Governor Bowman mentioned that she doesn't anticipate any rate cuts this year. This came on top of strong US business activity data last week, reaching a 26-month high in June, adding further to the hawkish pressure. Meanwhile, investors are looking forward to Friday’s core PCE index data, the Fed’s preferred inflation measure, particularly after the recent cooling of CPI and PPI data, alongside the third estimate for Q1 GDP growth and consumer spending and income. 🔴SELL GOLD: 2334 - 2336, SL: 2340 🟢BUY GOLD: 2302- 2300, SL: 2296 🟢BUY GOLD: 2294- 2292, SL: 2288 ⛔️Breakout: top border 2324 - 2335 - below 2311 - 2305 🔼Support: 2311- 2306 - 2300 - 2295 - 2290 🔽Resistance: 2337- 2341 - 2345 - 2349 - 2354 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
USDJPY → False break of support, Yen weakens. 160.0 again?FX:USDJPY fell under the correction wave, which was caused by the liquidation of buyers based on the change in the fundamental sentiment of the dollar index. It didn't last long. Buyers liquidation on the back of strong bullish trend. (A big player collects the position) In general, both technically and fundamentally, the situation remains unfavorable for the Japanese yen. The national currency may continue to weaken and thus test the current ATH. False breakdown of trend support brings the price back to the range of 155.95-157.23. Possible retest of resistance with the subsequent breakout and growth to the far liquidity zones. Resistance levels: 157.23, 158.44 Support levels: 155.95, 154.77 The bulls should hold the defense above 155.95 with the aim to continue rising. The intermediate key point is 157.23 with the possibility of further breakout and growth. Regards R. Linda!
Long
by RLinda
10
BTC USDT: WE NEED TO FLIP CERTAIN LEVELS TO SAY TO THE MOON!Based on my analysis, I believe DCA (Dollar Cost Averaging) into large-cap alts at current levels may be more prudent than waiting to DCA out at higher prices like 64K. My current investment strategy prioritizes Large Cap > Mid > Low > Meme > USDT > BTC. Several technical indicators support this view: 1 Bullish RSI divergence between oscillator and price 2 Quick RSI reset without prolonged low levels 3 Moving Average crossover on the RSI 4 20-day MA crossing down to meet the 150-day MA, with price showing strength (I'm keeping this analysis relatively basic, avoiding more complex concepts like Smart Money Concepts (SMC) and Inner Circle Trading (ICT) for broader accessibility.) These factors suggest we may be approaching a market bottom. I made a similar analysis when BTC was around 18K, which proved accurate. However, I'm always open to new perspectives and would be interested in hearing why you might view the current situation differently. Personally, I'm maintaining my positions in large-caps and BTC from here. My confidence stems from thorough research into the assets I've chosen. I'm curious about your investment thesis - what factors drive your confidence in your holdings? It's worth noting the potential impact of Bitcoin miners on the market. Historically, respecting their influence has often preceded BTC price increases. Short-term, I anticipate a possible retracement to around 54K as a 'max pain' point, particularly for less experienced traders. I'm so confident in this projection that I'm willing to offer a free month of my subscription service if it doesn't materialize. The large-caps I'm particularly focused on include BTC, ETH, BNB, SOL, ARB, and AVAX. I'm also keeping an eye on AI and DePIN projects. For Real World Assets (RWA), I'm currently most interested in ONDO, CFG, and PENDLE. I'd be keen to hear your thoughts on this analysis. Do you see similar patterns in the market? Are there other indicators or factors you believe are crucial to consider in the current environment?
Short
by osodatsismoso
1
GOLD → Trading inside the range. 2340 zone of interest FX:XAUUSD is not preparing to leave the local ascending channel (the nature of the channel is corrective-consolidation), as traders do not seek premature action before the news The U.S. market is facing another problem: slowing economic growth and rising inflation is leading to recession, no matter how much the authorities deny it. Accordingly, the phase of active currency support may continue and this may have a negative impact on the metal price. Today CB Consumer Confidence - the indicator can give some idea about the mood on the market, but in general traders are waiting for the US GDP, which will be published on Thursday. Neutral data is expected, but there is a high probability that the actual data will be different from the expected... Resistance levels: 2341, 2354 Support levels: 2326, 2315, 2305 The general mood is neutral, the big players are not in a hurry to act and are consolidating. Technically, gold may strengthen to 2340 (area of interest and liquidity) within the range. The bulls may stop the micro rally and turn the price to the support, if the market maker is not enough, the price may strengthen to 2354 before coming back down Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
GBPJPY → Breaking the psychological level. What's next, 215.0?OANDA:GBPJPY is getting ready to break resistance (ATH for 15 years). In the long term, there is upside potential to 215.8. A strong bullish formation is forming on H4-D1 On the monthly timeframe, price is in the 195-215 range. Bulls kept the defense above the support, at the same time a pre-breakdown setup is forming on the chart, the focus of which is on the resistance at 200.6. The psychological level may be broken in the nearest future, which may provoke the market to active growth towards 202-205, further towards 215 (medium-term perspective). Japanese Central Bank is not doing well, today we expect news in the US: CPI, FOMC and FED meeting, inflation data is expected to be neutral. Resistance levels: 200.6 Support levels: 199.9 Technically and fundamentally, the currency pair has a strong bullish bias. If the bulls are able to consolidate above 200, this zone will become a strong support in the medium term. Regards R. Linda!
Long
by RLinda
26
Solana - TWO Bearish IndicationsSolana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers: A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result: The only way we will be safeguarded against a steep incoming drop, is if the price can reclaim the green trendline in the Weekly Timeframe. From a candlestick analysis perspective, seeing Three White Soldiers in the daily could be a step in the right direction ( which is UP ). ____________________________ COINBASE:SOLUSD
COINBASE:SOLUSDShort
by CryptoCheck-
2
Bitcoin - Ultimate 2025 target + Name your coinBitcoin should bounce soon from the 62,400 level and continue in the bull market to an all-time high. Why 62,400? All details are in my previous analysis in the related section down below. Critical news: Looking at AI-generated images and listening to AI music causes internal mental bleeding. Regulations on AI will follow. Bad news for AI crypto coins? (Source: X). Michael Saylor's MicroStrategy Acquires 11.9K More Bitcoin for $786M. The company now holds 226,331 bitcoins worth just shy of $15 billion. The company's bitcoins were purchased at an average price of $36,798 each. (Source: CoinDesk). To establish the ultimate profit target for the whole bull run, we need to use the Fibonacci extension and Elliott Wave theory. Throw away all Fibonacci levels on Bitcoin and use only following that works: 0.382, 0.500, 0.618, 1.000, 1.382, 1.618, 2.000, 2.382, 2.618, 3.000 etc......First, we need to make an Elliott Wave count, and after that, we can use the Fibonacci extension tool. As per my Elliott Wave count, we are in the final wave (5) of the whole bull cycle. That means we are in an impulse wave (1)(2)(3)(4)(5) and finishing the fifth wave. In general, to establish the profit target for wave (5), we need to use the Fibonacci extension tool from the start of the bull market, to wave (3), to wave (4). Usually, we want to target the 0.382 fib extension or the 0.618 fib extension. But in this case, it seems to be too low, so I am targeting a 1:1 FIB extension because of the wave (2) look. This gives us a profit target of 114,853. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Also, name your coin in the comment section and I will tell you my opinion + TA. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
269
TSLA: Key Support Levels and Potential Breakout (1H/D charts).Hourly Chart: Critical Support at 167.75 The hourly chart for TSLA highlights a crucial support level at 167.75, reinforced by the 50% Fibonacci retracement, marked in yellow. This price area acted as a support twice, one time in May 10, and another one in June 11, indicating its importance. The purple ascending trendline suggests a potential upward movement if the support holds. However, the resistance level at 186.88, marked by the black line, must be closely monitored as it has repeatedly acted as a barrier to price advances. Daily Chart: Congestion and Key Levels On the daily chart, the congestion zone around 167.75 is evident, indicating a period of price consolidation. This congestion area suggests indecision in the market, often preceding a significant price move. The key resistance at 186.88 aligns with the hourly chart, making it a crucial level for us to watch. A break above this level could signal a potential breakout, while a failure could lead to a retest of lower support levels. The 186.88 level is a significant resistance point. A break above this level, confirmed by strong volume, could indicate a bullish breakout, providing a potential buying opportunity. If the support at 167.75 fails, the next significant support level is at 138.80, marked by the black line. This level should be monitored for potential buying opportunities if prices decline further. Key Considerations - Support Holding: The double support at 167.75 has shown strength. Its ability to hold in the future will be crucial for any bullish scenarios. - Breakout Potential: The congestion and repeated tests of resistance at 186.88 suggest a significant move is imminent. We should be prepared for a potential breakout or a sharp move downwards if resistance holds, and if its price misses the short-term support lines seen on the hourly chart. Conclusion The TSLA charts suggest a period of consolidation with critical support at 167.75 and resistance at 186.88. We should closely monitor these levels for potential trading opportunities. A break above the resistance could signal a bullish move to the $206, while a failure to hold support might indicate further downside. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “ To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate. ” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
GOLD → Correction after the rally. Bears still dominateFX:XAUUSD has been strengthening since the opening of the session, buyers are trying to hold the defense above 2325 and redeem part of Friday's fall. Fundamental background remains negative. Idea: GOLD → Bears are engulfing the market. What's next? We discussed a possible rebound and the strength of the bear market. The price consolidation above the strong support at 2326 opens the range for maneuvering and may allow traders to strengthen to 2341 (2354) - the area of interest, the target of such maneuvering may be the liquidity inside the range, formed within Friday's rally by those who tried to catch the departing train. If 2341 will be confirmed and the bears will not let the price go beyond its limits, the market may go into the sell-off phase again. Investors this week are interested in GDP and PCE, which are released in the second half of the week, the first half of the trading week may be relatively quiet. Resistance levels: 2341, 2354 Support levels: 2325, 2315, channel support I expect the correction to continue to the area of liquidity and interest. A major player may gather the rest of the potential before further movement in one direction or the other. Watch the price reaction to the level of 2341, which may determine either a fall or further growth to 2354. Regards R. Linda!
FX:XAUUSDShort
by RLinda
2
GOLD → Bears are engulfing the market. What's next?FX:XAUUSD is hit by a strong wave of selling on optimistic fundamental data in the US market. A takeover is forming on the chart, which clearly makes traders panic. Technically, buyers who showed interest in the metal, which started the strengthening phase from the middle of the month got under liquidation. The sellers are not ready to let the price go beyond 2350-2360 and staged a bearish rally, energized by the fundamental background, which sharply strengthened towards the already bullish dollar. Geopolitical tensions are still at a high level, the reason for this: rumors that the Israeli army approved an offensive against Lebanon. Toward the end of last week, the dollar both looked and continues to look quite strong, on the back of upbeat S&P Global Manufacturing PMI data. The index rose to 51.7 in the June estimate from 51.3 in May, while the services PMI rose to 55.1 from 54.8, showing continued expansion of private sector business activity at a rapid pace. Traders are awaiting U.S. GDP to be released on Thursday and on Friday the BEA will release PCE price index data for May, the Fed's preferred measure of inflation. Resistance levels: 2325, 2332, 2340, 2355 Support levels: 2315, 2305, 2290 Overall, traders may try to buy back some of Friday's decline from local bullish channel support and test the resistance and liquidity area of 2332-2340. But a number of technical and fundamental patterns point to a negative backdrop, and this could generally signal a continuation of the decline after a small correction. Active selling may intensify with a downward breakout of 2316-2320 level Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
7
EURUSD (1971 analysis) - 23% Crash will follow!EURUSD has been in a long-term downtrend since the financial crisis of 2008. On the chart, we can see that EURUSD started its downtrend at the top of the major rising wedge chart pattern. The rising wedge pattern broke bearish in 2015, and the price retested it in 2018. Since then, the price has been going down and has broken another trendline (2000 - 2022), which is a double breakdown. Right now, there are absolutely no signs of strength on this chart, and I expect a pretty severe 23% crash in the next years. Does it mean that the DXY index will go up? Definitely yes. The downtrend is confirmed, and from a technical perspective, there is currently pretty much nothing bullish. How to take advantage of this analysis? What you should consider is to avoid long positions and focus on short positions instead to increase the probability of successful trades. So what are the next major support levels on the way down? I don't really see any major support until 0.87617. This is a strong level because it's the POC (point of control) of the previous mini triangle that was formed during the years 2000 and 2002. I am expecting a pretty strong bounce, but this will probably not be the bottom. The next support is at 0.82311 because this is the major swing low of 2000 and it provides a lot of liquidity. A lot of traders may capitulate around this level. Big players can take advantage of it and buy EUR with a large amount of money. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
22
GOLD → The mood is shifting. Resistance is broken... FX:XAUUSD breaks through downside range resistance and consolidates in bullish territory, opening up potential at 2365-2387. Signs that the US labor and housing markets are cooling keep hopes for a September Fed rate cut alive, with an ECB rate cut helping to keep the gold price afloat. Another important nuance that makes investors wary: A meeting between the Russian President and the North Korean leader earlier this week, which confirms the tensions in geopolitics. For now, all eyes are on the S&P Global Manufacturing and Services in the U.S. and the Fed Monetary Policy Report, which may shed more light on the economic outlook There is still pressure on the market, but the price movement is detached from the dollar (correlation is decreasing), which indicates that the mood towards the metal is changing. Resistance levels: 2365, 2387 Support levels: 2354, 2340 Technically, traders may try to break the resistance of 2365, if it succeeds, and the probability is high enough, we can go to 2387, then we need to watch the price reaction to the area. In case of false breakdown there is a probability to return to the support. It is also worth taking into account the broken resistance that was not tested earlier Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
Will gold price reach the highest level of 2,400 in two weeks?Gold held steady around $2,360 per ounce on Friday, hovering at its highest level for two weeks, and set to post its second weekly gain, as soft US economic data reinforces predictions that the Federal Reserve might lower interest rates this year. could provide further insight into the economy's strength. 🔴SELL GOLD: 2388 - 2390, SL: 2394 🟢BUY GOLD: 2345- 2343, SL: 2339 🟢BUY GOLD: 2332- 2330, SL: 2326 ⛔️Breakout: 2365 - 2344 🔼Support: 2345 - 2336 - 2332 - 2325 - 2320 🔽Resistance: 2370 - 2375 - 2380 - 2388 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
GBPUSD → The market maker's trap. Ready to go down ↓ ?FX:GBPUSD is losing after a prolonged struggle for resistance. A major player does not let the market beyond 1.2800. On the background of the dollar growth, the currency pair may change the local trend The fundamental background is unstable, the US dollar is still going through Wednesday, but based on the position of regulators the dollar looks ready to strengthen further, which is generally negative for GBPUSD. On D1, the area of 1.285-1.28 is worth watching. A major player is not still holding the barrier of limit resistance zones. After a shakeout and liquidity grab (trap from the market maker), the market is ready to go down as the current zones of interest are 1.258-1.257, 125. Support levels: 1.271, 1.265 Resistance levels: 1.28 Technically, we should wait for a pre-breakdown consolidation and subsequent breakout of 1.271, or price consolidation below this area. Having received confidence and confirmation of readiness to decline, we can wait for the previously mentioned targets. Regards R. Linda!
Short
by RLinda
2
GBP/USD Bearish Trade Setup with Key Technical LevelsThe price is currently trending downward, showing bearish momentum after a recent rejection from a significant resistance area. The entry point is set at 1.27395, a key level that has acted as a confluence zone in previous price action. The first take profit target is at 1.26700, a level that aligns with historical price congestion and provides a logical exit for short-term profit. The second take profit target is at 1.26100, which aligns with the 50% Fibonacci retracement level, offering an extended profit target for potential continued downside movement. Monitor for any reversal signals or strong bullish candles that might invalidate the bearish setup.
Short
by DennisDims
Bitcoin - Final capitulation before a new ATH (62k)Bitcoin is almost ready for the final capitulation event at 62k. Is this a lifetime opportunity to buy BTC and catch the bottom? Definitely yes, you can do it pretty precisely at 62402 with your limit order. Why is this level so important? The most important is the 0.618 Fibonacci level that we can measure in the previous impulse wave. Second, we have an unfilled Fair Value GAP (FVGAP) that was created on May 15, 2024, during a significant pump. But with these types of GAPS, they tend to get filled, so the probability is relatively high. Third, we have the Point of Control (POC) of the previous market structure. You can see this level on the volume profile indicator on the left side of the chart.  Levels around 62k are really significant, and we can expect a strong reaction from them. But what about Elliott Wave analysis? My Elliott Wave count suggests, that the previous uptrend is definitely an impulse wave (12345), which gives us more confidence in the overall bull run. Now, the corrective wave (WXY) is in progress, and we need to find its bottom. At this point, we don't really know if it will be a WXY (double three) or WXYXZ (triple three) pattern. But the 0.618 Fibonacci level is a strong support, and we should finish the corrective wave here! After we finish this corrective wave WXY, we can mark it as wave 2 of a higher impulse wave (higher degree) and prepare for a 3rd wave, which will lead us to an all-time high. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
BITSTAMP:BTCUSDShort
by Xanrox
78
GOLD → Shake up and bounce from MA-200 (D1) FX:XAUUSD is testing range and trend resistance, forming a false break of 2340 and touching MA-200 (D1). In the meantime, the dollar is strengthening and doesn't look like it's ready to give up.... Traders are expecting Initial Jobless Claims to be relatively lukewarm towards the US market. If the figure is lower than expected, it will provide additional support to the market, which would be a negative scenario for the metal price. Technically, the price is in a downtrend. In relation to the range of 2340-2300 a false resistance breakout is formed (liquidity capture). The strong movement is similar to a shakeout in nature. A retest is possible before a further fall to the lower liquidity zone. There is still no strong buyer on the market. Resistance levels: 2340, 2358 Support levels: 2332, 2325, 2315 With a retest target, the price may return to 2340, but there is no reason for gold to break the resistance yet. Consolidation below 2332 will send the price to 2315. BUT, provided the news is negative for the dollar, gold could test the trend resistance with a breakout target. Regards R. Linda!
FX:XAUUSDShort
by RLinda
10
GOLD → Bears are holding 2332. Possible shake up...FX:XAUUSD rises on Tuesday and Wednesday amid unexpectedly weak news in the US market, but at the same time the dollar does not tend to fall. Today is a day off in the US and gold is creeping up towards resistance. The price is resting in the strong resistance area of 2332, the limit resistance level formed by the sellers does not let the price go beyond it. Consequently, a shake up and subsequent false breakout may occur relative to the level, which may lead to a strong fall and liquidation, as there is no strong buyer in the gold market and the fundamental background is weak. The market is within the descending channel, but in the phase of consolidation, which sooner or later will move into the realization (distribution) phase. Before that a retest of the trend resistance is possible (capture of additional liquidity) Resistance levels: 2332, 2340, 2356 Support levels: 2325, 2315, 2305 The overall situation is that we may see another bearish rally. There are no reasons to break the trend resistance at the moment. The most likely scenario is a false breakout under current circumstances. Regards R. Linda!
FX:XAUUSDShort
by RLinda
7