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EURUSD → The currency pair may lose up to 2.5% ↓FX:EURUSD is testing the 1.0884 resistance again after breaking the local channel. But it does not lead to success, as the bears are not letting the price up yet amid the complex fundamental environment. Technically, the currency pair is under a strong resistance zone. The limit level of 1.0884, formed by a big seller, continues to have a negative impact on the price. EURUSD may test 1.0802 in the near future. It is necessary to monitor the price reaction to this area. A quick retest or consolidation could be a prerequisite for a downside breakout and further fall to the lower boundary of the global range at 1.0606 Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 I expect that the bears will continue to dominate the market on the background of the expensive dollar, which may lead to the fact that the currency pair may lose up to 2.0-2.5% of its value. Regards R. Linda!
Short
by RLinda
7
GOLD → Shakeout and false breakdown of 2325. PPI aheadFX:XAUUSD rises to 2340 on the back of yesterday's CPI and Powell's comments form a shakeup in the market and the price of the metal drops to 2308, forming a false breakdown of the key liquidity area of 2325. Today the market is expecting PPI (MoM) and Initial Jobless Claims. Producer Price Index is expected to be lower than last period 0.1% instead of 0.4%, but it all depends on the actual data. Mind you, yesterday the market got a CPI of 3.3%, versus the expected 3.4%. But Powell did not say anything interesting in the change of views and still sticks to the hawkish side. Technically, gold is breaking local upside support and forming a consolidation below 2325. If the data is bullish for the dollar, gold could continue to fall towards 2290-2265. Resistance levels: 2325, 2340 Support levels: 2305, 2291 Technically gold is showing weakness, but it reacts quite strongly to any small positive news. The whole emphasis on today's news, if the fundamental background remains negative, we will consider the targets below, if there are hints of a change in the background, we can consider price growth to 2340-2355. Regards R. Linda!
FX:XAUUSDShort
by RLinda
25
GOLD - last crash, then a new all time high! (buy here)GOLD is probably preparing for a last small crash to the main support of the expanding triangle in the major timeframe. This is a great opportunity to buy GOLD at the bottom of an expanding triangle because it is also in confluence with the 0.382 Fibonacci retracement. This Fibonacci level is very strong together with 0.618 because 0.618 + 0.382 = 1. You can buy gold here, or enter a long position on futures with leverage to increase your potential profit.  You probably know that I am very bullish on GOLD for the next few years and expect at least a double in price. After many years of sideways price action, GOLD finally broke out and made a significant new all time high. GOLD seems undervalued and should go higher.  It's always important to look at the Elliott Wave analysis, as it gives us a better understanding of the whole market structure. Where on the map are we currently? On the chart, you can see an impulse wave (12345) and after such move we can expect a corrective structure, such as ABC or WXY. Usually, you want to take a Fibonacci retracement of the previous impulse wave and look for 0.382 FIB or 0.618 FIB. I don't think GOLD will go all the way down to 2155, that would be pretty bearish after the previous breakout to a new all time high. Buying gold at current levels is definitely a good idea, but if you want better price and timing, I would take the 0.382 FIB. This will also increase your risk-to-reward ratio. 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.
OANDA:XAUUSDLong
by Xanrox
11
GOLD → CPI and FED. What to expect from the market? FX:XAUUSD is stopping after correction, traders are afraid to make premature decisions as news is ahead. A consolidation below 2315 is forming. False break of support leads the price to retest 2310-2315, after which traders take a breather before the news. All eyes remain on the upcoming big events, CPI and Fed. Key US CPI data will help shape the Fed's view on interest rates, which will significantly impact the value of the US dollar and gold prices in the near term. The market is expecting neutral (no change) data, which could generally keep the same fundamental backdrop. But, all eyes are on the actual data as the market is still confused by last Friday's higher NFP than expected. Nevertheless, any initial reaction to the US CPI data may be temporary as gold traders will quickly switch to the FOMC & FED meeting. Resistance levels: 2315, 2325, 2354 Support levels: 2305, 2291, 2267 Technically and fundamentally, gold is weak at the moment. On the background of high volatility, the price may try to break through 2325 and test the liquidity area of 2335-2345, then move to the decline phase, if the fundamental background is suitable for this. Risks of further decline are quite high, but the coming news can both strengthen this decline and break the market structure. Regards R. Linda!
FX:XAUUSD
by RLinda
13
INJUSDT → Interested buyer. Ready to rise to 43.0?BINANCE:INJUSDT looks stronger than bitcoin and the crypto market. Against the background of the general decline, the coin is growing and this is a rather strong premise. The price may return to the range of 29.0 - 43.0. On D1, a pre-breakout setup is forming regarding the 29.2-29.45 area. If the price can consolidate above this area, then further traders will open bullish potential, the target of which could be a rise towards resistance (intra-range movement). The coin looks green in the red market and it means that someone is interested in it (big player). On the overall negative fundamental background there is a risk that the coin will go down, but for now I am looking out for further upside. *The long scenario will be broken if the price closes below yesterday's opening. Resistance levels: 33.62, 43.4 Support levels: 29.21, 29.85 The potential is there. It can be realized if the bulls hold the defense above the key support area. Regards R. Linda!
Long
by RLinda
6
BITCOIN → Strong fundamentals and interest lead us to $80KBINANCE:BTCUSD reaches a strong $71500 liquidity zone as strong ETH-ETF related news is released. A trap from the market maker catches the crowd off guard and now the market is ready to move on Toretically, the correction wave ends after the false breakdown of resistance and liquidity zone 71500. Bulls successfully hold the defense above the support 67241. Liquidation of part of traders, liquidity capture below the zone increases chances for further growth. The market holds the course towards the global resistance 73679. Fundamentally and technically BTC looks strongly bullish, the general market background is also strong, which generally supports the theory of further growth with the possibility of ATH update. The fifth wave may be completed in the area of the current ATH, or, on the background of increased interest, may find its target area at 1.236 fibo - $81.980. Resistance levels: 71572, 73679 Support levels: 67241, 64545 The area of 67250 - 64500 is currently an intermediate bottom, in this place, relative to the whole range, the largest amount of the asset was purchased. We are waiting for a retest of 71572 with the possibility of further breakout and growth to the previously outlined targets CME:BTC1! CRYPTOCAP:BTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
66
GOLD → Price range. Test of resistance before the news FX:XAUUSD is testing trend resistance. The struggle continues, but on the background of strong dollar the price can test the minimum or even update it. The news is coming and the market may go flat. GOLD is testing the strong resistance area 2304 as well as the pullback level 2314.7, forming a new key resistance within the correction. The technical and fundamental background for gold is negative, in the mid-term we should expect a fall, but tomorrow we are waiting for news such as: CPI, FOMC and FED meeting, where obviously the overall inflation situation and the US interest rate will be discussed. If we pay attention to D1, we can see that the dollar continues to grow in an uptrend, at tomorrow's speeches, the regulators may continue to support the dollar, which may have a negative impact on gold, which by then may test the liquidity area 2304-2314-2325 before a further possible fall. Support levels: 2300, 2291, 2267 Resistance levels: 2304, 2314, 2325 Today the market may trade within the range of 2291 - 2325, the prospective direction can be discussed tomorrow (before the news), but within the intra-day I would expect a retest of resistance and a possible decline to support. Regards R. Linda!
FX:XAUUSDShort
by RLinda
30
GBPUSD → Negative fundamental backdrop could break the trend FX:GBPUSD is bumping into a strong limit resistance zone lined up by sellers. As the fundamental background changes, the bears are strengthening their positions. An impulsive downward movement is forming in the market The opening session is formed with a gap on D1, in general this is rare in the forex market, but indicates potential. We are interested in the level of 1.271. A break of this area will be a trigger for a fall, because, in general, the short and medium-term outlook based on the fundamental background is predetermined. Most likely, the first test of the support area will be followed by a bounce, but a retest of the support will strengthen the chances of a breakout and further decline to our target. Resistance levels: 1.28 Support levels: 1.271, trend support In the long term, we are waiting for a test of support and market reaction to the mentioned area. The local trend may be broken. Consolidation of the price in the selling zone will be the confirmation. Regards R. Linda!
Short
by RLinda
4
GOLD → Causes of the fall. Can gold fall even lower? 2265?FX:XAUUSD is making a new low and there are a number of reasons for that. The price after Friday's sell-offs is returning in the bearish trend boundaries, which determines the medium-term prospects for us On D1, price is still in a global sideways range and support (global liquidity zone) is still untested. So why did gold fall? The market was negatively affected by the strengthening of the dollar, due to the positive NonFarm Payrolls for the US market, which generally forms a medium-term mood for the markets. Traders also moved to the bearish train on the background of news related to the suspension of global gold purchases by the Central Bank of China. Technically, the continuation of the downtrend on H1 is most likely. On D1, a takeover is forming and Friday's close is practically at the minimum values (The movement, theoretically, is not over yet), but before that the market may test the lower boundary of the consolidation (the nearest resistance). Resistance levels: 2315, 2325 Support levels: 2291, 2267 I expect local strengthening before the subsequent fall. Traders may try to buy back some of the decline (liquidity gathering) before further testing support with a view to breakout. Regards R. Linda!
FX:XAUUSDShort
by RLinda
7
GOLD → Price dump before NFP. Will we go to 2400?FX:XAUUSD is manipulatively declining and catching buyers by surprise (liquidation) before the news. Price may start a strengthening phase from strong support (2330-2325) on the back of weak dollar Traders are waiting for NFP to be released at 12:30 GMT. Yesterday, the market received 229K on Initial Jobless Claims, which generally gives hints of a possible scenario. The dollar index may continue to lose ground amid the general environment, markets are slowly but already starting to prepare for Fed policy easing. NFP is expected to be 183K vs. previous 175K, but the focus is on the actual data. If those are below the expected 183K, the dollar will break key support and fall under a wave of sell-offs, which would be a favorable scenario for gold. But, the problem with news is its unpredictability. Data above 185K may strengthen the dollar (But not for long). Resistance levels: 2354, 2374 Support levels: 2328 There is liquidation and strong selling by buyers, but it happens before the news ( there are interesting thoughts, but... ). Below 2328 the price may not be allowed (from a technical point of view) and it would be logical to expect a false breakdown or a rebound from the liquidity block to which the price has approached. Regards R. Linda!
FX:XAUUSDLong
by RLinda
20
GOLD → ECB rate and NFP in the US. What to expect?FX:XAUUSD is supposedly ending the correction wave on the background of fundamentally weaker dollar. ECB rate and US news (Initial Jobless Claims & NonFarm Payrolls) ahead The European Central Bank is expected to cut interest rates for the first time since March 2016 at the end of its June policy meeting later today. Meanwhile, markets now have a better chance of an imminent Fed rate cut amid signs of a slowing US economy. Ongoing geopolitical tensions in the Middle East, continue to act as a safe-haven price for gold. Also, everyone is interested in the NFP (as one of the first signs of the Fed's readiness to loosen the policy), which will be published on Friday. Technically, gold is forming a false break of MA-50 on D1, and breaking trend resistance on H1. All eyes are on the near-term support at 2354-2350 Resistance levels: 2374, 2405 Support levels: 2354, 2350. 2328 Possible support retest (false breakdown or intermediate struggle), which may lead to strengthening of the price. On the background of news, volatility may increase. Regards R. Linda!
FX:XAUUSDLong
by RLinda
8
GOLD - Starting another wave up to 2720 (+17%)GOLD is in a strong bull market, that's for sure. The key to success is to trade with a trend to increase the probability of your decisions. GOLD is likely to make a multiyear bull market and can double or triple in price in a few years. Of course, if you hold GOLD, that's very smart for the upcoming years. But right now, we need to take a look at short-term opportunities for swing and day traders. What I generally recommend is to trade with the bullish trend and employ only long-term strategies. Avoid shorting GOLD in general. As you can see on my chart, we have an ascending parallel channel, and the price is near its dynamic support upward-sloping trendline. What we want to do here is enter a long position. Also, my Elliott Wave count suggests that GOLD is going to make another 2 huge waves to the upside in the following few weeks. Always start making your Elliott Wave count from the bottom of the trend. This trend started on October 5, 2023. If you see something like (1)(2)(1)(2) at the start of a trend, it is called an Elliott Wave nest, a strong bullish setup. This occurs very often on the stock market and in Bitcoin, so make sure you learn this technique. Overall, I am very bullish on GOLD and if you trade futures, you can make good money with leverage. 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.
OANDA:XAUUSDLong
by Xanrox
24
GOLD → The market is waiting for the news. What could happen?FX:XAUUSD in consolidation ahead of the news. The price after strong sell-offs is accumulating potential, traders are not doing anything yet, at the same time the dollar is breaking trend support. Stalemate situation. A consolidation range is marked on the main chart. It is acceptable to trade from the boundaries of the range either breakout or false breakdown. The complexity of the overall situation is that the news is an unpredictable part of trading. On the technical side: Gold is weak, there is no strong buyer in the market yet (Maybe they are waiting for news). But based on TA, I would see the market as preparing for a break of 2325 followed by a fall to 2300-2275. Fundamentally, the US still has high inflation and the regulators will not let the dollar fall much. DXY is breaking the upside support (which is supposedly a downside signal) but it still has not reached the support and liquidity zone, which is also a sign of a strong index. Resistance levels: 2341, 2351 Support levels: 2325, 2315 Based on the technical behavior of the gold price, a break of 2325 and consolidation of the price below this area will provoke sales. Breakout of 2345-2350 will provoke buying. The situation is complicated by the upcoming news. Regards R. Linda!
FX:XAUUSDShort
by RLinda
20
GOLD → Consolidation before NFP. What to prepare for?FX:XAUUSD is strengthening after a false breakdown of range support and is testing resistance with a subsequent bounce. Price is forming a flat and is not ready to go up or down yet. There are reasons for this: Traders are waiting for news that will start to be released in the second half of this week starting Wednesday. The focus is on ISM PMI, Initial Jobless Claims, NFP. Accordingly, I would recommend watching the flat for now: 2354 - 2328 (2320). Most likely the price will be inside this consolidation for some time, the dollar is also standing still. Perhaps there will be an attempt to breakout (false breakout) or even a retest of more distant levels, but in general, due to the fact that there are no major players in the game yet, who are not eager for pre-temporal action, the price will consolidate within the specified range. Resistance levels: 2354, 2374 Support levels: 2328, 2322, 2315 A quick approach to the liquidity zone may lead to a rebound or a false breakdown, accordingly, there is a chance to see local strengthening. We are looking at an intra-range trading strategy. Regards R. Linda!
FX:XAUUSD
by RLinda
5
GOLD → Correction for liquidity. Should we wait for the fall?FX:XAUUSD has been updating the low to 2314 since the opening of the session and is forming a correction within which it is testing the previously broken consolidation support. The fall may continue from the liquidity area. The fundamental and technical background for gold is negative at the moment. A possible area of interest for the market may be the area of 2305 - 2280. Accordingly, based on the general data, we can assume that a retest of the resistance area 2328-2336 may end in a false breakdown with a subsequent decline to the targets indicated on the chart. There is a possibility of price entry into the range and an attempt to rise to 2354, but in general, it will be regarded as an attempt to gather a more liquid position before reaching a global and promising target. Let me remind you that globally we have a bullish trend, within which a local bearish trend is forming. Resistance levels: 2328, 2336, 2354 Support levels: 2306, 2285 It is worth to keep an eye on the mentioned resistance areas. False breakdown followed by price consolidation below the mentioned zone will be a confirmation of bears' readiness to go down. Regards R. Linda!
FX:XAUUSDShort
by RLinda
5
GOLD → The calm before the storm. 2400 or 2200?FX:XAUUSD reduces volatility and shrinks into a narrow range before the news. US GDP did not play any role and traders are waiting for the general fundamental background. Locally, the downtrend. The trend is downtrending, but on yesterday's news the price is trying to break the channel resistance, forming a consolidation of the price above the line. But if the price returns to the channel, due to the formed consolidation, the market may see a strong momentum towards 2280. Ahead of the news, traders are waiting for PCE. But, the market believes that the index will remain at the same level and this generally complicates the situation because if in fact the situation changes it may trigger a violent reaction Resistance levels: 2354, 2374 Support levels: 2328, 2306 Globally bullish trend, but there is no strong buyer yet. Everyone is waiting for the news. Locally the trend is bearish, to confirm the change of the trend to a local bullish one, the price should overcome the area of 2354 - 2364 and consolidate above, in this case - the way to 2400. But, a break of 2328 will make the market panic Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
Bitcoin - 300,000 USD by 2025, here is why!There is almost no doubt that Bitcoin will continue in the bull market in 2024/2025. After the ETF approval, Bitcoin is going up as institutional investors gain confidence in this type of investment. But what all people want to know is when to sell Bitcoin and prepare for the next bear market. Bitcoin's bear markets are very devastating, and the usual correction is around 80% - 70% from the peak. That's why it's good to time a good exit point if you are a trader. If you are a hodler, then you probably have your bitcoin in a Trezor hardware wallet and you don't care about volatility, even though it's not nice to see that your portfolio is down by 70%. To determine the exit point, we need to use technical analysis on a weekly/monthly scale. In the chart, you can see price action in recent years and all these swings during previous bear markets. We can draw a massive ascending parallel channel and take a look at the market cycles. Selling at the top of the upward-sloping trendline is definitely a good idea, but will Bitcoin offer this opportunity? Sometimes markets turn bearish just before key levels.  From a time perspective, October or September 2025 seems like the right time to sell Bitcoin and go into fiat or stable coins. Then buy again, cheaper after the crash. The 2021 peak is a strong level, and Bitcoin should never go below this level. I think Bitcoin volatility should decrease, and we should not see tremendous crashes anymore, but a 50% or 60% crash is something that is definitely very likely. Forget about 80% or 90% of the crashes that happened in 2015 or 2018. This chart is a representation of the logarithmic scale. If you switch to a classic linear scale, we get a target for the whole bull market of only around 130,000 USD. I will do a linear scale representation in one of the next analyses, so make sure you follow my account so you don't miss this very important analysis! Let me know what you think about my analysis in the comment section, 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:BTCUSDLong
by Xanrox
59
Bitcoin - 10% crash is coming, buy at 62k (here's why)Bitcoin is preparing for a pretty significant crash (in June). Why do I think so? We need to look at the previous price action because in May, Bitcoin pumped by 25%. If we take a look at May's price action, we can see that the uptrend created a FVGAP at 62k, and these gaps tend to be filled sooner rather than later. This is, of course, not the only reason why I am bearish.  From the Elliott Wave perspective, Bitcoin finished the first impulse wave (1) and after such move we can expect a corrective ABC pattern because markets always move in waves. In general, a typical retracement for waves (1) is 0.618 FIB and also 0.382 FIB in strong bull markets. The 0.618 FIB overlays perfectly with the mentioned FVGAP, which gives us a pretty solid buying opportunity if the price reaches this level. The next good opportunity is to short Bitcoin on the futures market.  The next reason why I am bearish is this small red trendline. As you can see, the trendline is breaking down, which is, of course, a sign of weakness. This trendline is part of the rising wedge pattern, so it adds to the overall bearishness. Currently, I am bearish, so be careful during the summer as the price action is not the most volatile for Bitcoin during this season. Let me know what you think about my analysis in the comment section, 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
72
GOLD → The news will determine the medium-term outlookFX:XAUUSD is updating the low and forming a false break of support. Fundamental and technical background is negative. A quick retest of 2328 may lead to a fall, but there is NEWS ahead! Before the news, gold goes into a local flat 2360 - 2330. The market is gathering potential and liquidity before the news. GDP and Initial Jobless Claims are ahead. This time traders expect an extremely low GDP: 1.6% This is generally negative for the US market, in general this figure is logical based on general market indicators, but traders pay attention to the actual data. It is also worth paying attention to Initial Jobless Claims. Technically, under the current circumstances, a decline is possible after a retest of resistance. But, if the news is contradictory, the price may break the resistance, consolidate above 0.236 Fibo and head towards 0.618 (25-30% probability). Resistance levels: 2343, 2347, 2354 Support levels: 2335, 2328, 2306 The gold market is dominated by bears on the background of general economic conditions. Globally, the trend is still bearish and a correction is forming within it. Today is a purely fundamental day and you should not get into the market before the news. Regards R. Linda!
FX:XAUUSDShort
by RLinda
7
GOLD → Break of the support of consolidation. Next is 2300?FX:XAUUSD is still bearish. The price is trying to leave the corrective range, which is formed after the false breakdown of support. The market is preparing to go lower. On the 1H timeframe it is becoming clear who is showing dominance in the market. There is no strong buy yet, apparently, before the GDP and PCE publication on Thursday and Friday, no one dares to enter the market early. (Presumably, the dollar may get another dose of support, which could weaken gold even more). I think that in the short term the price may retest 2335. Resistance levels: 2354, 2364 Support levels: 2335, 2328, 2306 Consolidation of the price below the previously broken local uptrend support (dotted line), will be a confirmation of the market's intention to go down. A quick retest of 2335 may lead to a break of support and further fall to 2300 Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
EURUSD → False resistance breakout. Decline to 1.075?EURUSD is testing range resistance and forming a false breakout with further confirmation of the boundary. The bears are strong and are not letting the price beyond 1.0884 yet. On Thursday and Friday strong and important news are published. Traders are interested in US GDP and PCE. There is a high probability to see data that could be bullish for the dollar in the current circumstances. As for EURUSD - trading inside the range may continue. Technically, I am waiting for a bounce from the local trend support and a retest of the resistance before a further decline. Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 False break of resistance is a confirmation that the price is not ready to go up yet. A breakdown of the scenario is possible, if the price breaks through and consolidates above 1.0884, but there are no reasons for that. We expect a breakout of 1.0836 with the purpose of further fall. Regards R. Linda!
Short
by RLinda
2
EURUSD → A false breakout leads to a correction. 1.080?FX:EURUSD is forming a correction after a false breakdown. The movement is formed after updating the local highs. The fundamental background for the currency pair is positive. The false breakout occurs against the resistance at 1.0885, as well as the rising line limiting the trend. If the fundamental background persists, in this case the correction will not last long and the global bullish movement may start to recover. On H1 it is worth paying attention to the support: 1,080 (liquidity area), which the price may test. This boundary may become the lower zone of the new range, which may confirm the change of trend. Support levels: 1.080, 1.0766, 1.0736 Resistance levels: 1.0884, 1.0942 Technically, a false breakdown of resistance and corrective downward movement is forming. Today there is no strong news and movements can be calm. Regards, R. Linda!
Short
by RLinda
4