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Trend Line Break

GOLD → High readiness for correctionFX:XAUUSD is consolidating above 2175, but at the same time a descending triangle is forming. Theoretically, price should break support, which will form a false break of 2175. On D1, volumes are declining, price is stopping after a strong rally. On H1, support 2175-2175 is formed and price has been squeezing towards support for a few hours, which increases the chances of a support breakout. But! If buyers do hold this area, the price may test the local high or 2200 before further declines. The dollar index is forming a correction from support, which is giving a corresponding reaction in the gold market as well. A descending triangle is forming on H1. A break of the support at 2175 will give an impulse to the lower levels. Resistance levels: 2185, 2195, 2200 Support levels: 2175, 2161, 2144 I expect correction after the false breakdown of 2175. Consolidation of the price below the level will give confirmation that the market is ready to correct TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDShort
by RLinda
20
BITCOIN → What's next? 50K or 75-80K? Is bitcoin still strong?BINANCE:BTCUSD reaches ATH a bit faster than everyone expected. The correction reaches 14% after which the market actively redeems all the fall and tests the resistance again. Growing further? What is happening? It is not excluded that a fall is possible, because at least the normal reaction to global zones is a correction of 20% or more. I am not indicating 100% probability of my words, but I am leaning on the situation at the moment. After a false breakdown of 69K is formed, the market forms a correction. Huge sell-offs from the psychological level of 69K are forming. Even Bitcoin-kit of Satoshi's time sold 1000 BTC mined 14 years ago for $68 million. But, the next day the market starts to buy back the strong fall. This leads the price to another retest of resistance. The flagship continues to show a huge interest from people, which gives us quite important preconditions for further waiting. I won't go into some old and deep stuff. Let's get straight to the interesting stuff: An interesting setup is forming on D1. False breakout without any reaction. Consolidation. Price pushing to resistance. It seems to be nothing special, but this situation indicates the presence of a strong buyer or the absence of a seller, which is more likely. Friday's closing near the level tells us that the buyer is not finished yet and can continue his actions (buying the asset) Local critical zones - support areas are formed within the consolidation. There are several scenarios regarding H1-H4. The resistance 68575 - 69000 plays an important role for us. Scenario 1. Orange: If price continues to trade within 69K - 65759, followed by a pre-breakout consolidation formation, price squeeze to 69K, slow approach on low volatility, this will entrain the chances of resistance breakout followed by price rise to 75K-80K. Scenario 2. Red-Green. The 69K - 66265K range will not be enough. Price may break the support structure: 66264 - 65759 after which a deep correction phase will start, heading towards 64K, 62K, 59K. But, a false breakdown of one of the areas with subsequent consolidation will form a potential that can restore the price to 69K. After that we expect the realization of the first scenario. Squeezing to 69K with subsequent breakout and growth to 75K-80K. The bullish structure will break when the support at 60365 is broken, which will activate the liquidation phase and start the correction to farther support lines INDEX:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
56
💡 XAUUSD: Under pressure from USDGold prices reversed sharply today after the US announced data related to inflation that was slightly higher than forecast. Specifically, the consumer price index (CPI) in February in the US increased by 3.2%, 0.1 percentage point higher than the market expectation of an increase of 3.1%. CPI increased slightly, making investors worry that inflation in the US may heat up. This may cause the FED to maintain high interest rates for a long time. Accordingly, they increase their holdings of USD to help this currency increase in value. Gold price today is in a disadvantageous position. On the other hand, US bond interest rates jumped from 4%/year to 4.14%/year, motivating many people to put capital into bonds. Meaning very little money flows into precious metals. Gold prices today are under more pressure to go down
OANDA:XAUUSDShort
by Stone_Haven
Gold fell again, selling trend todayAfter peaking at 1,282 USD/ounce, the world's gold price today, March 13, was sold very strongly when inflation in the US increased slightly and the USD increased in value compared to many other foreign currencies. Gold prices reversed sharply today after the US announced data related to inflation that was slightly higher than forecast. Specifically, the consumer price index (CPI) in February in the US increased by 3.2%, 0.1 percentage point higher than the market expectation of an increase of 3.1%. CPI increased slightly, making investors worry that inflation in the US may heat up. This may cause the FED to maintain high interest rates for a long time. Accordingly, they increase their holdings of USD to help this currency increase in value. Gold price today is in a disadvantageous position. On the other hand, US bond interest rates jumped from 4%/year to 4.14%/year, motivating many people to put capital into bonds. Meaning very little money flows into precious metals. Gold prices today are under more pressure to go down.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD → 2200 is unaffected. Are we close to a correction?FX:XAUUSD has been trading quietly since the opening of the session, but after a strong growth the price starts to stop. 2195 - 2168 actual consolidation. It is necessary to follow the reaction of the price to the flat boundaries. The market today without news, trading can be quite calm. The dollar index is testing a strong support area, the shadow of Friday's candle indicates a possible correction. Gold may react the same way. The price of the metal after a strong rise stops, resistance begins to appear in the market. Bull Run cannot last forever, the market maker can reverse the local price movement with the purpose of liquidation. It is worth paying attention to the support at 2175, 2161, 2144. The break of the structure of these zones may start the correction phase. Resistance levels: 2194, 2200 Support levels: 2175, 2168, 2161 I expect a correction, which may come either when the mentioned support lines and liquidity zones are broken or after the test of 2200 CAPITALCOM:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
2
USDCAD → Attempting a trend change. Target 1.34?FX:USDCAD demonstrates an attempt to change the trend on the background of weak USD fundamentals. The Canadian is strengthening on this background and this phase may continue further. Globally, the currency pair is in the range of 1.32 - 1.38. Trading is taking place between intermediate strong levels. Buyers are still unable to overcome 1.35, as the dollar index shows weakness amid high inflation in the US. In this case, the dollar may continue to lose ground, which is favorable for the Canadian dollar. Most likely, in the medium term, the price from the previously broken trend support or 1.35 may continue its decline towards the key, at the moment, liquidity zones indicated on the chart. Resistance levels: 1.350, 1.35418 Support levels: 1.3475, 1.3409, 1.33585 I expect the end of the correction in the area of 1.350, which may further resume the downward movement with the goal of reaching the areas indicated on the chart. Regards R. Linda!
Short
by RLinda
2
💡 XAUUSD: Waiting for CPIGold prices increased in the first trading session of the day in the US. According to reports in the US, the number of jobs in the non-agricultural sector increased by 275,000 units in February 2024. The US unemployment rate increased to 3.9%. The market received the comments of Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), positively. Experts predict that the Fed is ready to cut interest rates and the timing could be in the middle of this year. Upcoming inflation data will attract the market's attention because this is important data to assess the timing of the Fed's interest rate cuts. During the week, markets will monitor retail sales reports and weekly unemployment claims, as well as US manufacturing data.
OANDA:XAUUSDLong
by Stone_Haven
💡 XAUUSD: Continue to increase or decrease?Many analysts believe that, although gold has experienced a strong week of increases and will likely continue to increase in the near future. However, traders are worried that if the US consumer price index report for February published on March 12 increases, expectations of interest rate cuts by the US Federal Reserve (Fed) will continue. continue to prolong. Some experts predict that inflation may rise faster than expected as a direct result of the spike in energy costs. Experts warn that gold investors should be cautious, a slight increase in the inflation index will also cause gold prices to decrease in the short term. SET UP - BUY LIMIT 2174 - 2172 TAKE PROFIT 1: 2180 TAKE PROFIT 2: 2185 STOP LOSS: 2167
OANDA:XAUUSDLong
by Stone_Haven
US30 BEARISH IDEAWe had 2 successful prediction for this index previously. Technical always remains bearish and could be to target more demand liquidity. Price did reach all time high, so we could definitely be expecting a correction. Weekly candle just broke previous low --> this could mean a long term bearish view. And considering the fundamental facts, I believe price could target any supply zone before it keeps dropping. This is just an idea and might be subject to change ! KEEP FOLLOWING FOR MORE UPDTADES!!
CAPITALCOM:US30Short
by NISP3R0
2
XVS Cryptocurrency Analysis: Uptrend Continuation or Correction This analysis examines the current state of the XVS cryptocurrency and assesses its potential future direction. Technical Analysis: Battling Weekly Resistance: XVS is facing a significant hurdle at the weekly resistance level, which could determine the course of its future trend. Escaping the Accumulation Box: The recent breakout from the daily accumulation box marked a notable 80% surge. Insufficient Rest Calls for Correction: The current uptrend lacks sufficient retracement, which is typically necessary for sustained upward momentum. Key Support and Resistance Levels: Support: The blue trendline support acts as a critical barrier, with a breach potentially leading to a retracement towards the previous weekly resistance. Resistance: The next weekly resistance level presents a significant obstacle for further upward movement. RSI Indicator: Overbought Territory: The RSI indicator is approaching the overbought zone, suggesting a potential correction. Momentum Confirmation: A break above the overbought threshold could signal strong upward momentum. Lower Timeframe Analysis: 4-Hour Timeframe: A more detailed analysis on the 4-hour timeframe provides a clearer picture of the current price action and potential support and resistance levels. Conclusion: The XVS cryptocurrency is at a critical juncture, with the outcome of the battle at the weekly resistance level determining its future direction. A correction is likely before further upward movement can occur. but considering decreasing the volume the out come might be different. This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Short
by solinash1
💡 GBPUSD: Forecast March 11The upward momentum for GBPUSD D1 continued strongly with the sixth consecutive day of gains last Friday. Friday's up D1 bar was structurally important because it broke out - from the most recent price high, confirming GBPUSD D1 return to the uptrend, as it established a new price high. GBPUSD H1 accelerated as it created an upward sloping price channel with a steeper slope than the trend line below. This increased buying pressure is a sign of a trend with strong momentum that is likely to continue. So if GBPUSD H1 pulls back today, you can wait to buy.
Long
by Stone_Haven
💡 XAUUSD: NFP pre-predictionGold prices continued to rise higher in the past session, recording the 7th consecutive increase and officially creating an ATH (all-time high). However, there are three points to note: 1/ the increasing force is showing signs of decreasing; 2/ Price has increased sharply for many days, creating heavy overbought signals; 3/Selling pressure is showing signs of returning this morning. All of this warns bulls of risks if they buy to chase prices at this time. The medium and long-term outlook is still bullish, but you need to be careful with the possibility of a short-term correction. You should only consider buying after corrective moves, the next target is the 2200 threshold.
OANDA:XAUUSDLong
by Stone_Haven
BAT Weekly Analysis: Seizing Entry Opportunities🔍In the weekly timeframe, BAT has broken its trend line, with the trigger at 0.3159 confirming the breakout convincingly. The notable volume surge since early February 2024 suggests increasing interest from market whales and participants, likely indicating significant buy-side activity. ✅Additionally, the presence of a curvature line suggests a diminishing bearish trend, ultimately breaking the upward support, further bolstering the bullish sentiment. 🛒However, it's essential to acknowledge that the primary trend trigger rests at 0.4522. Although entering trades with the current candle presents an enticing opportunity, it also carries elevated risk, potentially exceeding acceptable loss thresholds. Nevertheless, capitalizing on the strength of this candle for buying purposes is a viable strategy. 🛑Setting a maximum of 1% capital allocation for trades without stop-loss and considering a range of 0.2 for stop-loss trades is advisable to manage risk effectively. 💥RSI resistance at 61.24 has been breached, confirming overbought conditions and supporting the bullish bias. 📰Fundamentally, BAT is the token associated with the Brave browser. Considering the browser's potential for growth, investing in its token could be lucrative. 🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Long
by itsparham96
GOLD → NFP. $2200 or $2100? What could happen?FX:XAUUSD is in the bull run phase. The price growth is fueled not only by the breakout of consolidation, bullish trend, but also by the huge interest on the background of negative geopolitics, high inflation, but also by the fundamentally weakening dollar. The price is forming strong consolidations with subsequent growth without correction phases, which tells us that there is either a strong buyer or no seller, which is more likely. For the market, psychological levels may be the targets. Such as 2175, 2200. The scenario with a false breakdown of the past ATH failed due to fundamental factors. So at the moment we need to consider a test of the above mentioned important levels. There is news ahead which is important but at the same time unpredictable. Be careful. Price entry into the risk zones will trigger a strong sell-off phase. Resistance levels: 2175, 2185, 2200. Support levels: 2161, 2145, 2100 It is hard to expect anything amid strong growth and approaching NFP. The market may be very aggressive and give high volatility and volume. Within this framework, the price can quite confidently test both 2200 and 2100 (buyer liquidation phase) TVC:DXY CAPITALCOM:GOLD NCDEX:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSD
by RLinda
8
BAL/USDT Get ready to seize an excellent LONG trading chance!BINANCE:BALUSDT The recent breach of a major trendline on the weekly chart for BAL/USDT signals an enticing long trading opportunity. With the price now situated above this level, prospects are bright for a potential target range of USD $60 to $70. #BAL/USDT SPOT LONG ENTRY Leverage: 3x Entries: $5.855 Take profit 1: $7.351 Take profit 2: $17.000 Take profit 3: $72.297 Stop Loss: $3.180 NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk! Thanks The sroced.
Long
by srocedtrading
GBPUSD → Breaking resistance, but news ahead.... FX:GBPUSD is forging a breakout of correction channel resistance and is apparently preparing for the start of distribution. The dollar index, in anticipation of news, is testing support. Powell's two-day discussions on interest rate, inflation and other nuances begin today. The chance is slim that they will discuss rate cuts as inflation problems are intensifying. A currency pair before the news or at the time of increasing liquidity can reach the target we mentioned. But the news may negatively affect the GBPUSD price as the regulators may support the dollar index quite strongly. Consolidation above 1.2685-1.27 could trigger a rise towards 1.2827 Support levels: 1.2685, 1.270 Resistance levels: 1.827 I expect growth to the above target, but on the background of news and increase in liquidity the price may return to the correction range Regards R. Linda!
Long
by RLinda
3
KAVAUSDT → Readiness to move into the distribution phase BINANCE:KAVAUSDT breaks the triangle resistance, which provokes the formation of a strong impulse. But now the price meets the flat resistance at 0.954. On W1, the coin is starting to come to life, but is still very far away from the overall altcoin market. Trading volumes are growing when the resistance is broken, which indicates that the market is ready to realize the accumulated potential. On D1 we are interested in the level of 0.954. A correction is possible, but we need to wait for a breakthrough and price consolidation above this area, which will be a confirmation of the market's readiness to go higher. Support levels: 0.865, 0.694 Resistance levels: 0.954 I expect a final exit of the price from the global downtrend and subsequent growth to 1.28 and 1.55. BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
28