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GOLD → Consolidation after a trend break...FX:XAUUSD , after breaking out of a downtrend, is consolidating, which may continue for some time due to Thursday's news and low liquidity on Friday. Gold stabilized after a correction, but volatility risks remain. After falling from a weekly high of $3,366, gold prices found demand again in Asia on Friday. Strong US employment data cooled expectations of an imminent Fed rate cut, which supported the dollar and limited gold's gains. Additional pressure is coming from the hawkish shift in Fed expectations, but US budget risks and weak liquidity due to the holidays could increase price volatility in the coming days. Technically, the focus is on the boundaries of the current consolidation at 3311 and 3357. In addition, within the range there is an important level of 3325, which divides the market into bearish and bullish zones... Resistance levels: 3350, 3357, 3393 Support levels: 3325, 3311 It is important to understand the situation: due to the holiday in the US, liquidity is lower, making it easier to move the price. The rest of the world, interested in gold, can easily push the price up. The trigger will be the zone 3350 - 3350. There is a chance that the market will try to break through the resistance without a pullback and continue to rise to 3393. However, the most likely scenario is that after yesterday's volatility, gold will remain within 3325 - 3357 before rising next week Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
3
GBPCAD → Retest the area of interest before growthFX:GBPCAD is closing the imbalance area as part of a countertrend correction and consolidating below the 0.5 Fibonacci level. What's next, growth or decline? The global trend is upward, and the situation is classic: the market needs energy and liquidity to continue growing. Locally, we see that as part of a countertrend correction, the market is closing the imbalance area, but at the same time forming consolidation below 0.5 Fibonacci, still leaving the zone of interest and order block below 1.84600 untouched. Technically, there is a fairly high probability of continued growth, provided that the price ends its consolidation with a breakout of the 1.85690 resistance and consolidates above 0.5 Fibonacci. Resistance levels: 1.85690, 1.8657 Support levels: 1.84986, 1.846, 1.8417 However, as an additional and, in my opinion, the most important scenario, I still consider a complete closure of the fvg and a retest of the 0.7-0.79 zone, within which the order block is located. A false breakdown of the zone of interest and the capture of liquidity could attract additional interest, which would trigger growth. Best regards, R. Linda!
Long
by RLinda
7
NIFTY ANALYSIS FOR 07-11/07 WEEKThis analysis based on purely zigzag drawing. As per drawing we can see nifty is still in a rangebound position but this phase is important. from a neutral zone if we can make position with proper analysis and risk management then Break out or Break Down anything happen we can enjoy the ride. I would like to encourage you just practice the simple drawing. Practice a lot. On the basis of opening on Monday we can analyze further, till then learn and enjoy weekend. Thanks for reading. 🙏
NSE:NIFTY
by dipanjanxsamanta
GOLD → Attempt to consolidate above 3350 for growth to 3400FX:XAUUSD , after retesting resistance at 3347, is breaking through the key level, while bulls are trying to hold their ground above support. There is potential for growth to 3400. Gold retreated from its weekly high of $3366 ahead of key US employment data (NFP), which could set a new direction for the movement. But technically, this looks like a correction to consolidate above the level before continuing to rise. After three days of growth, the price faced selling amid a recovery in the dollar and profit-taking. Weak employment data (especially below 100,000) could reinforce expectations of a Fed rate cut as early as July and support gold. Conversely, a strong report will strengthen the dollar and put pressure on the metal. The market is bracing for high volatility Resistance levels: 3363, 3393, 3400 Support levels: 3347, 3336, 3311 The price has entered a new range of 3345-3400. Consolidation is forming above the support level before a possible rise. I do not rule out another retest of 3345-3336 (liquidity zone) before realization and a rally to 3400. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
14
XRPUSDT → Resistance retest. Coin inside the flatBINANCE:XRPUSDT is rising towards resistance at 2.3288 due to a shift in the fundamental background to positive and a rally in Bitcoin, but there is always a but... On the daily chart, XRP is trading below strong trend resistance, and there is also a fairly strong and voluminous liquidity pool at 2.3300 ahead, which could provide strong resistance. Bitcoin is also approaching its critical level of 110500, which may temporarily hold back growth, and a correction in the flagship could trigger a correction in the rest of the market... Focus on resistance and the liquidity pool at 2.3288. A sharp approach and capture of liquidity without the possibility of continuing growth could lead to a correction by half or the entire local range (to 2.16). Resistance levels: 2.3288, 2.357, 2.45 Support levels: 2.25, 2.213, 2.16 If the retest of resistance at 2.3288 ends in a false breakout, then subsequent consolidation below the level could trigger a correction to the above support and interest zones. Best regards, R. Linda!
Short
by RLinda
4
GOLD → Retesting resistance may lead to a breakout.FX:XAUUSD breaks the downward resistance line on the senior timeframe and tests the upper limit of the trading range amid the falling dollar and Powell's speech. The metal may continue its upward movement. The dollar's rise was short-lived after Fed Chairman Jerome Powell hinted at an imminent interest rate cut, but not in July... The probability of a rate cut in July fell to 22%, and in September to 72%. Markets are awaiting fresh employment data (ADP and Nonfarm Payrolls), which could influence the prospects for rate cuts. Weak reports could revive interest in gold, but for now, the asset remains under pressure due to the short-term strengthening of the dollar and uncertainty surrounding Fed policy. Technically, if the pre-breakout structure remains intact and gold continues to attack resistance within the local range of 3347-3330 (3335), the chances of further growth will be high... Resistance levels: 3347, 3358 Support levels: 3336, 3316, 3311 The global trend is upward, and locally, the price is also returning to growth. If the bulls can maintain the current trend, break through the resistance at 3347, and hold their ground above this level, then the next target will be 3390-3400. I do not rule out a correction to 3325, 3316 (liquidity hunt) before the growth continues. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
44
AUDUSD → Pre-breakout consolidation for trend continuationFX:AUDUSD may continue its upward trend. After another local distribution, the currency pair is consolidating and may repeat the cycle The dollar index continues to fall, the global trend is clear, and the price is testing multi-year lows. After yesterday's speech by Powell, the decline may intensify amid expectations of a rate cut, which will only support AUDUSD. AUDUSD is moving within an uptrend, stopping below resistance at 0.6583, but is not going to fall. There was a false breakout (the zone was tested), the structure is not broken, and the price continues to squeeze towards resistance, which could lead to a breakout and growth Resistance levels: 0.6583 Support levels: 0.6566, 0.6556 There is potential accumulation in the market, and the market is choosing growth against the backdrop of a falling dollar as its direction. Accordingly, the currency pair is one step away from a possible realization phase. Thus, if the price breaks 0.6583 and consolidates above this zone, it may continue to grow in the short and medium term. Best regards, R. Linda!
Long
by RLinda
13
GOLD → Retest of the resistance range. Correction?FX:XAUUSD is recovering amid expectations of lower interest rates in the US, and the falling dollar is also supporting the price of the metal. The dollar remains under pressure due to political uncertainty in the US, budget concerns, and trade risks. However, strong stock market growth and possible tariff measures against Japan and the EU are also affecting the market, adding volatility to gold Powell will speak at the ECB forum, and markets are waiting for him to hint at a rate cut. Currently, the probability of a cut in July is estimated at 20%, and in September at 77%. A dovish tone will support gold, while a hawkish tone will increase pressure. Technically, since the opening of the session, gold has exhausted its daily range (ATR), and there is a fairly high probability that after strong growth, the price may be stopped in the 3347-3350 zone. Resistance levels: 3347, 3350 Support levels: 3312, 3295 If gold cannot continue to rise after breaking through 3347 and the price returns to the resistance zone, then in this case, we can consider a correction to 0.5-0.7 Fibonacci before a possible continuation of growth. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
12
GOLD → Recovery and retest of resistance. DowntrendFX:XAUUSD has been recovering since the start of the session thanks to a weak dollar, but further growth is uncertain. However, the price is still below the key range and important levels. At the beginning of the week, gold rebounded from monthly lows amid a weakening US dollar, which remains under pressure due to trade disputes with Japan, uncertainty surrounding the budget, and expectations of a Fed rate cut in September. However, the technical picture for gold remains bearish, and further dynamics will depend on new statements from Fed officials, labor market data, and Jerome Powell's speech on Tuesday. Technically, after breaking through the global range support, the price is forming a correction and testing 3294. Before a possible rise to 3320 or to the 0.7 Fibonacci zone, a correction to 3271 may form, which will determine the further development of the situation. Support levels: 3271, 3255, 3245 Resistance levels: 3294, 3320, 3347 A retest of 3295 (0.5) Fibonacci is forming. There is a possibility of a false breakout with a possible correction. If, during the correction, buyers keep the price above 3271 and return to retest 3294, we will have a chance to attempt growth to 3320 - 3347 Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
36
NZDUSD → Pre-breakout consolidation. One step away from a rallyFX:NZDUSD is consolidating, but the chart shows signs of readiness to shift to a distribution phase, which could lead to a rally. Against the backdrop of a falling dollar, which is continuing its main trend, the NZD may break out of consolidation in a distribution pattern. Since the accumulation is quite large (taking into account the long squeeze), the trend may be strong. A pre-breakout consolidation is forming relative to 0.6080, followed by the price breaking through the resistance of the global trading range. Consolidation above 0.6080 will confirm the breakdown of the structure, which could trigger distribution Resistance levels: 0.6080, 0.612 Support levels: 0.6062, 0.604 The price may be supported by a bullish trend and a decline in the dollar. A breakout from the 4-month consolidation may be accompanied by a continuation of the uptrend until the intermediate high of 0.6355 is reached in the medium term. Best regards, R. Linda!
Long
by RLinda
16
SOLANA → BINANCE:SOLUSDT.P is consolidating after breaking through trend resistance. The market trigger is 148.0, and Bitcoin is provoking the market to recover... The market is buying back all the losses. SOL breaks the local downward resistance and forms consolidation with a trigger of 148.0. The market has come to life following the rallying Bitcoin. If the general trend continues, SOL may break out of the accumulation zone and form a distribution towards 154.0 The latest retest of resistance is provoking a correction. Before rising, the price may test the zone of interest at 144 or the lower boundary of consolidation at 142.2. The ideal scenario would be a false breakdown of support at 142.2 before rising. Resistance levels: 148.0, 154.2 Support levels: 142.2, 137.5 Fundamentally, the situation for the crypto market is improving. Technically, the market is also showing positive dynamics. SOL is consolidating after growth, which is generally a positive sign. Now we need to wait for the price to break out of consolidation and continue its growth. One of the signs of this is a rebound from the 0.5 range and a quick retest of resistance with a gradual squeeze towards the trigger. Best regards, R. Linda!
Long
by RLinda
12
BITCOIN → Pause for consolidation before growth. 115K?BINANCE:BTCUSDT focus on the structure on D1. The market is forming local resistance and consolidation after growth. The fundamental background is positive. BTC is following the SP500 The market is recovering in line with the stock market (SP500, NQ) after the de-escalation of the situation in the Middle East. The fall in the DXY is also providing support. Technically, the focus is on the consolidation phase after the distribution triggered by a false breakout of 100K. The price stopped before the resistance at 108100 and rolled back to 106500, confirming the boundaries of the local trading range, the essence of which is a pause for a breather before a possible continuation of growth. The structure on D1 is compression towards resistance. The trigger is 108100, and a breakout of this level could trigger distribution towards 110500 and ATH. Despite the fact that the market is under a cascade of resistance (resistance: 108100, 110400, 11900 (ATH)), an important nuance is that after strong growth, the price moved into accumulation in the 100K-110K range on D1-W1, and there are no reasons for a decline yet. Resistance levels: 108100, 108900, 110400 Support levels: 106500, 104650 If the market structure within 106500 - 108100 remains unchanged and BTC continues to storm the consolidation resistance in the “compression to level” format and stick to the level, the chances of a breakout will increase. I do not rule out the possibility of a pullback to 106500, 105650 before a possible rise to ATH. Best regards, R. Linda!
Long
by RLinda
29