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GOLD → False breakdown. Will we return to the bullish trend?FX:XAUUSD is entering the correction phase after a false breakdown of trend resistance and the previous ATH. The fundamental background is changed by Thursday's news that supported the dollar. Overall, the environment on D1 is still bullish. If the price finds a strong support in the near future, for example 2390-2400, this area may get the status of an intermediate bottom, thus forming a new trading range. There is no news today, thus the fundamental background remains the same. Trading has been complicated lately by the presidential race in the USA. The statements of Powell, politically dependent Fed, Trump can be perceived by traders quite strongly. But the medium-term outlook is determined by the fact that politicians are generally set to lower the dollar, which is generally favorable for gold, which may soon return to the bullish trend phase (locally) Resistance levels: 2420, 2429, 2450 Support levels: trend, 2402, 2900 Technically, the price may continue the correction to trend support, but due to the pool of liquidity in the area where the price may land within the correction, gold may get a reaction in the form of a bounce to the nearest resistance Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
25
BBUSDT → The key value of the zone is 0.480BINANCE:BBUSDT does not fall after the false breakdown, but goes into the phase of consolidation. Buyers are resisting. Retest of the key resistance may lead to a breakout and rally. Fundamentally active recovery is connected with bitcoin rally. The flagship is pulling the cryptocurrency market with it. Technically, the situation is developing in a bullish scenario. It is worth paying attention to the resistance at 0.48. On D1-H4, the market confirms the bullish market structure and is currently in the correction phase. If buyers continue market consolidation near the resistance and gradually start pushing towards 0.48 resistance, then in this case we should expect a breakdown, price consolidation above the level with further growth towards the mentioned targets. Resistance levels: 0.48, 0.575 Support levels: 0.45, 0.463 It is not excluded that sellers may hold the resistance, in this case the price may go down to 0.7-0.79 fibo before further growth. But, the focus at the moment is on the resistance 0.48, once it is broken, despite the specific scenario, only then the coin will start an active growth phase. Rate, share your opinion and questions, let's discuss what's going on with ★ BounceBit / Tether ;) Regards R. Linda!
Long
by RLinda
3
BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFPBINANCE:BTCUSD is experiencing times of high fear and negative sentiment among the crowd. From a psychological point of view, this could end in a bullish momentum. But there is always a but! For now, big buyers are actively holding back a possible fall amid transfers of the previously hacked crypto exchange Mt.Gox to its debtors and BTC sell-offs by German authorities: Germany will get rid of all its BTC in two days. (at the current pace of sales). Yesterday, 16,038 BTC were transferred from the country's government wallet to various crypto exchanges and market makers. Since June 19, 26,071 BTC have been sold. There are only 23,788 BTC left on the wallet In April, the average cost of BTC mining among the largest public miners was $53,000, technically, the level of average cost of BTC mining plays the role of an intermediate bottom. Judging by the growth of volumes and price entry into the area of the lower boundary of the "flag" pattern, buyers appear on the market and at the moment stop the price fall, forming a sideways range of 58500-53500. Accordingly, a breakdown of one of the boundaries may trigger an impulse to one side or the other, based on the technical nuances there is a probability that there will be an attempt to break the resistance. Resistance levels: 58500, 64000 Support levels: 53500, 53000 Fundamentally, the environment is difficult due to Germany and Mt.Gox, but investors are waiting for the approval of ETH-ETF, which may bring back the bullish mood to the market (indirect impact on BTC). Technically, the emphasis is on the range. A break of 58500 will give bullish momentum, a break of 53500 may allow the price to decline to the 50500-51000 risk zone Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
23
GOLD → Consolidation before rising to 2500...FX:XAUUSD after breaking through trend resistance is forming a consolidation, just like the dollar. Sellers start selling on indicators and MM may set a trap before further growth. Technically and fundamentally gold has a favorable environment. The price is in the buying zone and in the ATH zone. There is a lot of support (obstacles) from below, and there is emptiness from above and nothing prevents to go up. There is consolidation on H1 and all technical conditions are favorable for the continuation of growth. BUT! There is an interesting pattern forming on H1-M30, which can give a small correction as a trap for sellers before further growth. Now a lot of selling is forming on indicators (overbought, rsi, macd and so on), accordingly, MM may show a reversal. The whole emphasis is on 2461, If the price fixes below, the gold may be driven to the liquidity zone: 2450, 2440, 2430 before further growth. Resistance levels: 2475, 2484 Support levels: 2461, 2450 If the price consolidates below 2461, a retest of the support is possible before further growth. If a rebound is formed, consolidation above 2467-2475, we should wait for a retest of resistance with a breakout attempt. Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
39
GOLD → $2500 is the psychological target. What happens next?FX:XAUUSD is flying upwards after ATH breakout. Powell's comments were positive for the market, which is generally reflected in the dollar and gold. The fundamental and technical background is favorable Powell's comments about more progressive deflation are favorable for the market, the dollar is falling on this background and there is no end in sight yet. The Feds are considering the situation about prematurely lowering the interest rate without waiting for inflation to fall to 2%. The dollar index is moving into the sell-off phase, which allows gold to update ATH to 2482. Technically, on H1 resistance is formed at 2482, breakout and consolidation of the price above that level will provoke another rally, within which the price may reach 2500-2525-2550. There is a lot of support, but from above there is emptiness and there are no obstacles. Heated investor interest may lead to a more global ATH. Resistance levels: 2482, psychological 2500 Support levels: 2463, 2456, 2450 Formation of consolidation before continuation of growth is not excluded. In this case, the price may test the liquidity zone 2463, or imbalance zone located in the area of 2456-2450. But the trigger for the growth continuation will be the break of the indicated resistance. Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
3
EURUSD → The bulls can take us to 1.100 ↑FX:EURUSD maintains a bullish structure. Ahead is the key resistance from which a pullback may follow before further growth. On Saturday, there was high-profile news related to the attack on former US President Trump. The markets expected a more violent reaction from the opening, but in general only a small gap was created and it was dealt with rather quickly. Accordingly, the situation is stable. Fundamentally, everything is positive enough with the aim of continuing growth, but today at 16:30 GMT Powell speaks and it is worth to pay attention to his speech. Technically, the key resistance at 1.0916 is ahead, from which a pullback may follow, as this strong area will not be broken at the first time. Resistance levels: 1.0916 Support levels: 1.08522 There is a high probability of a rebound from resistance. As part of the correction, the nearest liquidity area may be tested before the subsequent retest of resistance, breakout and growth to 1.10 Rate, share your opinion and questions, let's discuss what's going on with EURUSD ;) Regards R. Linda!
Long
by RLinda
4
PEPE → A condition that will lead to growth. Is the buyer back?BINANCE:PEPEUSDT is undergoing a deep correction phase. The price is resting on the strong support and the "discount" zone appears the buyer, holding the market. The focus on the upper boundary of the range... ! For convenience, I will indicate key zones without zeros. Bulls do not let the price below 0.0761, forming a limit support area, in the neighborhood of which a strong buyer appears, it can be determined by the growth of volumes and the pattern of redemption with the subsequent retest without updating the minimum. At the moment it is not excluded that the coin can continue falling, but based on the general situation there is a chance that PEPE can move into the recovery phase, but provided that the coin can pass the area of 0.0951-0.0991 with the price fixing above this zone, which will generally define an intermediate bottom for the market. Resistance levels: 0.0952, 0.0991, 0.1084 Support levels: 0.0886, 0.0761 Technically, the situation is complicated because of bitcoin, which is consolidating in the discount zone, but in general there are bullish prerequisites. If the guide (BTC) goes up, it may favor altcoins. Rate, share your opinion and questions, let's discuss what's going on with PEPE / USDT ;) Regards R. Linda!
Long
by RLinda
3
GOLD → ATH Testing. Fundamental background is favorable FX:XAUUSD continues to strengthen as the fundamental background improves. A rate cut is coming, as hinted by Powell, the dollar is poised to decline against this backdrop.... According to Powell, the Fed has "more evidence and confidence" that inflation is cooling, so they may cut rates before inflation reaches the 2% target. Traders generally believe in the continuation of the growth of the metal, technically this background is also maintained. The price is approaching the ATH, but the liquidity behind this zone may push the price back, forming a small correction, for example to 2430-2420 before the price starts to return to 2450 before rising further. Resistance levels: 2440, 2450 Support levels: 2430, 2420 Fundamentally and technically the background is favorable. It is worth looking for strong zones to open long trades, but it is worth paying attention to ATH, as a false breakdown could form a correction. The growth may continue rather quickly Rate, share your opinion and questions, let's discuss what's going on with GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
GBPUSD → The bulls are holding their ground. Target 1.29FX:GBPUSD shows bullish outlook ahead of strong news publication. GBPUSD continues to strengthen on the overall fundamental backdrop. The market is reacting weakly to the resistance area as, against the backdrop of a relatively weak dollar buyers are taking initiative towards GBP. Strong news ahead. Powell speaks again today, tomorrow the UK GDP is published, as well as the US CPI. The news can both strengthen the growth and reverse it. Technically, the currency pair looks quite bullish. The price consolidation above 1.28 will be a good point for the continuation of the rise to 1.29 and 1.30. But, the structure will be broken when 1.2775 is broken, in this case we can expect a correction to 1.27 - 1.266. Resistance levels: 1.28, 1.289 Support levels: 1.2775, 1.2708 Fundamentally and technically everything is positive, I continue to consider further strengthening under a number of conditions described above. The potential target is 1.29 Regards R. Linda!
Long
by RLinda
12
Bitcoin - Satoshi is AIQuestions and Answers: 1) Question: According to many YouTubers, Bitcoin is people's money and is supposed to take away power from banks and potentially end the era of central banks and their money printing. Answer: This is incorrect. Bitcoin has full support from banks. In 2024, a lot of Bitcoin ETFs were launched. One of them is the ETF from BlackRock. With their power, they can make a 51% attack on Bitcoin and get rid of it. 2) Question: The conspiracists shockingly believe that bitcoin is part of a “final beast system,” which is taking over the world through hard infrastructure.  Answer: Bitcoin is the next money into a purely cashless, digital form. Combined with biometrics, it creates the necessary technological infrastructure for a one world cashless ID, otherwise known as the mark of the beast, which AI will use for complete economic surveillance and control over the human race. 1 wallet per 1 person, monitored 24/7, limited spending power and suspended anytime by government. Is that what you want? 3) Question: Would crypto currencies like bitcoin or ethereum be part of the AI future? Answer: Yes, smart contracts and blockchain have a great use case in AI. 4) Question: Did the CIA or NSA create Bitcoin? Answer: Yes. Bitcoin was created by a shadow government. One of the reasons is to eliminate cash on the planet. The banking system is in trouble because people are starting to wake up (not fast enough, though) to the fact that it is all funny money. So they developed Bitcoin, which sounds just great and pulls in all the people who are waking up. We all know that the shadow government has technology that is not available to the public. Some people say they may be 50 or 100 years ahead, and they already used AI systems decades ago before they released them to the public. 5) Question: What AI technology we use today? Answer: This AI technology is not new. It's not created by humans. It's part of a huge Galactic AI system that is in existence for a very long time, more than you can imagine. This technology was bringed to this planet by unspecified entitites. 6) Question: What is required for AI to run? Answer: It required electricity, microchips, computers, internet. The whole infrastructure that was build on Earth in past 100 years was one of the reasons to implement AI. 7) Question: How may future look with AI? Answer: Elon Musk already developing Neuralink, which is an interface to connect your brain into an AI cloud system. That means your thoughts that you have will not be yours, but will come from the AI systems. AI will tell you what you will eat, what sport you will play or what you will do during the day. This is of course part of the transformation process from organic human to a cyborg. We all know that modern technology such as wifi, bluetooth or electronic devices are not healthy and causing anxiety and depression. Human body is entirely not compatible with this technology. It breaks the highest natural law of life. Anyone who consciously support this is basically jumping into a boiling water. “Eventually, as these AI begin to communicate amongst themselves in a language we will never be able to crack, it might become all consuming." “What if Satoshi was a sentient AI who invented Bitcoin so it could acquire more hardware without violating Asimov's 3 laws? “Think about it, how else could an AI acquire billions of dollars of real world purchasing power without stealing.” In a book an AI program creates a virtual currency that it uses to pay humans to carry out tasks for it. It's conceivable that true AI would create a cryptocurrency to help fund itself and interface with the "real" world. There are rumors of BitCoins being written by AI, and that farming crypto-currencies is building an AI infrastructure. They came back from a future timeline where men and robots destroyed the planet using nuclear bombs, to rewrite a better timeline, and determined that inserting BitCoins into our society would be the best way to alleviate fears of AI and to help humans accept machines. Those who embrace technology would then become rich. 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
165
GOLD → How might consolidation end? Up or down?FX:XAUUSD is in the consolidation stage. The morning session was extremely quiet amid the absence of Japan in trading, as well as after Saturday's news. Traders are waiting for Powell's speech at 16:30 GMT. The market was expecting that Trump's assassination attempt in Pennsylvania could have a strong impact on gold as a hedge asset, but the market did not react much, except for cryptocurrencies. The dollar still looks bearish, if Powell does not change his stance from last week, the dollar index could break support and go down, for gold this would be a favorable scenario. Since the price is in a range, we can consider 2 scenarios at this point: 1) If the bulls keep the price above 2407, they may break the local resistance and test the upper boundary of the range with a breakout target 2) Against the backdrop of the dollar pullback, gold may come down to the liquidity zone before a subsequent move up. Support levels: 2407, 2401, 2392 Resistance levels: 2413, 2417, 2424 Fundamentally and technically the background is favorable, gold is quite capable of testing the ATH or even renewing it, but it is worth paying attention to Powell's speech.... Rate, share your opinion and questions, let's discuss what's going on with GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
9
GOLD → Favorable fundamental background. Will we go to 2450?FX:XAUUSD updates high to 2424 amid favorable news. Buyers are returning with the belief that the dollar will continue to fall on the back of the imminent interest rate cuts. CPI indicates significant easing of inflationary pressures in June. Annual inflation fell to 3%, the lowest rate in a year. This report provides evidence to the Fed that inflation is easing, but most likely it is not enough for them and they will need 1-2 reports confirming the fact that inflation is under control and a move into deflation is forming. Ahead of PPI and traders are focusing on this report as favorable data could reinforce fresh selling in the US Dollar. This, in turn, could trigger a rise in gold prices. But, it is worth considering the unpredictability of the news in your trading. Resistance levels: 2411, 2416, 2424 Support levels: 2396, 2392, 2385 Technically, a small correction is possible after a false breakdown of resistance, which in general may lead to testing the imbalance zone before the next growth, if the fundamental background after PPI is maintained or intensified.... Rate, share your opinion and questions, let's discuss what's going on with gold ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
USDJPY → Interventions + CPI. The market doesn't believe it...FX:USDJPY is coming under bearish attack. Immediately after the US CPI release, the Japanese Central Bank intervened in the FX market to support the yen. Fundamentally this was to be expected. Japan's central bank is not trying very hard to preserve its national currency. In order to invest minimal effort, policymakers took advantage of the US CPI report. The CPI + Interventions tandem led to a 2.7% decline in the currency pair. But, traders are starting to buy back some of the decline. Ahead of PPI, the news could both amplify the fall and smear all the efforts of the BoJ. Technically, I don't think such actions will lead to anything global. The growth could continue. On W1 the nature of the market does not change, all interventions are gradually bought out and the currency pair will continue to update the highs. Resistance levels: 159.6, 160.2, 160.5 Support levels: 157.7 It is possible to buy out and test the imbalance zone before the subsequent decline. A favorable background may be the PPI report, but after the market calms down, traders may return to JPY sell-offs, which may lead to the continuation of USDJPY growth. Regards R. Linda!
Long
by RLinda
5
GOLD → 2387 is key resistance, but ahead of CPI...FX:XAUUSD continues to maintain a bullish market structure, gradually pushing up to strong resistance with a breakout target. The US dollar is declining amid dovish US Fed assumptions.... All eyes remain on the US CPI report Powell's caution on weakening labor market conditions suggested that a September rate cut is likely just around the corner, which once again brought down the US dollar along with US Treasury yields. Softer US annual CPI data or a surprise decline in monthly inflation could confirm the September Fed rate cut and increase the chances of another rate cut in December. And vice versa... Technically, buyers are pushing up to 2387. A break of resistance will open the way to 2400-2437. But, there could be a correction before that Resistance levels: 2387 Support levels: 2378, 2370 Favorable news can strengthen the movement, in which case the resistance breakout is not to be missed. But, unexpected data may shake the market, the dollar may continue its strengthening phase and in this case gold will head towards 2350. Rate, share your opinion and questions, let's discuss what's going on with gold ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
29
EURUSD → The morning gap is bought out. The bulls are aggressiveFX:EURUSD opens with a gap down, but buyers are actively buying back the move. The nature of the market is bullish, but at the same time consolidation, as there is strong resistance ahead. The fundamental background is favorable, there is no news today. Last week traders took well the fact of unemployment growth, within the framework of which active buying started. Technically, on H4 a bullish distribution is forming towards 1.085, from which, after the initial testing of the liquidity area, a correction may follow. But in general, I expect the continuation of growth (rebound from 1.0816 or breakdown of 1.085). Resistance levels: 1.0852, 1.091, 1.1 Support levels: 1.0816, 1.078 The nature of the market is changing and the bulls are actively holding key areas. The market is bullish and a breakout of the nearest resistance will favor the continuation of growth. Regards R. Linda!
Long
by RLinda
1
AUDUSD → Price squeezes in front of resistance. A breakout?FX:AUDUSD is forming a strong consolidation on the chart as the price is squeezing to the resistance at 0.67. On the background of weakening DXY, buyers have chances to break the area. There is news ahead and at the moment traders are preparing to break resistance. Favorable news may contribute to the breakout of the strong limit zone and the formation of a distribution towards 0.684. Technically, the chances are high (strong bullish pattern) Traders are waiting for: ADP, Initial Jobless Claims, SP PMI, ISM, FOMC. Quite a busy news day, against which high volatility is expected. After Powell's words yesterday, the situation is neutral, but the dollar is going into correction. Everyone is waiting for the data on the labor market, on which the further situation will depend. Resistance levels: 0.67 Support levels: 0.665, 0.662, 0.6586 Technically, the situation is bullish, the emphasis is towards the resistance breakout. Further everything will depend on the fundamental background. A favorable background for AUD will increase purchases, but a negative background may cause a correction. Regards R. Linda!
Long
by RLinda
3
GOLD → An intermediate bottom of 2350 is forming. What's next?FX:XAUUSD is testing 2350, gathering liquidity below this zone. Bulls are actively holding the defense above the key area and the overall picture looks promising.... BUT! Powell's speech continues today ahead of CPI and PPI. Things are heating up, the slightest hint of an unpredictable outcome could shake the market. For now, there are some positive signs after Powell's words: - Keeping rates high for too long could jeopardize growth in the U.S. economy - A rate hike is unlikely to be the next step - The Fed has made significant progress in bringing inflation down to the 2% target, recent monthly numbers show modest further progress - Fed needs more favorable inflation data to cut rates Overall, traders are not getting enough of this, the market is in consolidation and no one is in a hurry to take premature action yet. We are waiting for today's comments of the Fed chief. Technically, gold is showing bullish dynamics after the bulls did not let the price go beyond 2350. The price is consolidating above the key level of 2365 and testing the area of interest and liquidity of 2375-2380. A breakout and consolidation of the price above this area may further strengthen the price, as the promising target, at the moment, is 2387 - 23400. Resistance levels: 2373, 2380 Support levels: 2365, 2355, 2350 A bounce to the downside before further growth is possible, but price consolidation above the key zones could form an interim bottom for the bulls. All emphasis on Powell's comments..... Rate, share your opinion and questions, let's discuss what's going on with gold ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
8
GOLD → The fight for 2365. Can we get to 2400? FX:XAUUSD is trading within an ascending channel, but traders are actively selling off all of Friday's growth. The key roll is played by the resistance 2365, at the moment bears are holding the market. The dollar stops falling amid expected comments from Powell, as well as CPI and PPI to be released on Thursday and Friday. The fundamental background is neutral at the moment, Against this background gold is getting under correction and testing the liquidity area of 2350. Now all the focus is on 2365, relative to which a false breakout has been formed. IF: sellers will hold 2365 and will not let the price above this level, we should expect a decline to 2350, 2341 and further it is worth watching the situation, because in this case the price can reach 2325. If the buyers continue to be active and can form a consolidation above 2365, it will open a channel, the upper boundary of which will be 2387 and we can go up to it. Resistance levels: 2365, 2387 Support levels: 2358, 2350, 2341 Two scenarios, as the situation is complicated due to the unstable fundamental background and the struggle between the participants in the key zone that divides the plane into bearish and bullish. I would prioritize a small bounce from 2365, resistance retest, breakout and bullish momentum to 2375-2385. Regards R. Linda!
FX:XAUUSDLong
by RLinda
21
Bitcoin - 42k soon! (Fibonacci channel, roadmap)Why am I bearish on BTC? With all the crypto regulations around the world and, recently, banning stable coins in Europe + high transaction fees - crypto is losing its popularity, and people are starting to hate crypto. Which means no one wants to use it, and where there is no use, there is no money. Maybe crypto is not as good a technology as presented by banks. Crypto has been a huge disappointment for all investors in recent years. Ask yourself a question: Are you happy with your crypto holdings or not? Wasn't it better to put your money into NVIDIA? Nvidia made 10x in only a 2-year period. And this is a big stock, not a penny stock. Bitcoin hit an all-time high in March and failed to continue the price discovery. Bitcoin was not strong enough to continue in the bull market, and instead, we saw a liquidity sweep, and it is currently experiencing a 27% crash from its peak. Bitcoin failed to sustain the black ascending channel (that you can see on the chart). What we want to see is a breakout above an ascending channel, then a retest of it, and then a continuation of the bull run. In Bitcoin's case, we did have a retest of the black channel in April, but recently the price went back to the channel, which is a strong sign of weakness. We have completed the Elliott wave impulse wave (12345). Waves 2 and 4 have both around 20% retracement. Bitcoin is definitely heading towards the 42k level. Why is this level so important? We need to take a look at the chart and draw a Fibonacci parallel channel. Always use significant points to draw it, such as the major swing high or peak of a bull market. In our case, we use the most important points: bull market peak (2021), bear market bottom (2022), and bull market peak (2024). We have a very nice-looking Fibonacci channel, and now we need to look for important levels. I always recommend using 0.618, 0.5, and 0.382. We also have 0.764 and 0.236, but these levels in general have a lower success bounce rate. 0.5 is not a Fibonacci number, but it's the middle of the ascending channel, which is logically a very strong dynamic level. The first major support is at 0.382 (around 42k) because we also have a POC (point of control) of the volume profile. 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
118
GOLD → Pre-breakdown structure, but NFP is ahead. ↑ or ↓ ?FX:XAUUSD is updating the high within consolidation after rallying. Technically, this is a good sign, but NFP and unemployment are ahead. The news could either reinforce the move or completely derail it.... A nice bullish pattern is forming on D1 against resistance at 2365. The deceleration and consolidation in front of the level indicates bullish interest in further growth. But today it is worth paying attention to the fundamental background. From this point of view, the outlook for gold depends on the upcoming news and the reaction of the Fed. Based on previous data, traders expect Friday's employment report to show only 189K new jobs compared to 270K in the previous month, and the unemployment rate to remain unchanged. But the actual data plays a bigger role. Rising unemployment and slowing economic growth may support the gold, as the dollar may continue its localized decline on this background. But, unpredictable data can increase the volatility and affect the market structure in a very opposite way. Resistance levels: 2364. 2387 Support levels: 2355, 2350, 2341 Technically, on D1-H4 gold shows bullish prerequisites, but the economic component plays a big role, which can both support the current movement and reverse it up to liquidation and decline to 2340-2320. Regards R. Linda!
FX:XAUUSDLong
by RLinda
21
EURUSD → The bulls are coming back. Trend change. Target 1.1FX:EURUSD is breaking the downtrend pattern on a smooth change of fundamental background. Traders are selling off the dollar, which is favorable for the euro. A local bullish pattern is forming on D1 on the background of the global downtrend. Strong fundamental background is favorable for the strengthening of the currency pair. On H4, the price is correcting after updating the local maximum and consolidates above the level formed by the gap. Bulls are trying to keep the defense above this area. The key focus is on the breakout of the 1.0816 zone. This will open the way to the zones of interest: liquidity and imbalance. Today is a day off in the US, the fundamentals are still in place, trading may be calm. Resistance levels: 1.0816, 1.0852, 1.0916 Support levels: 1.078, 1.073 I expect the trend to continue, as traders are showing interest in the market. Local ATH may become a potential target for MM Regards R. Linda!
Long
by RLinda
5
NZDUSD → Traders believe in the best outcome. NFP aheadFX:NZDUSD strengthens after a false breakdown. The change of the fundamental background leads to a change in the character of the market. Traders are looking at a breakout of 0.614 and growth in the future, but ahead of NFP... On D1 the price is not going to leave the sideways range yet, as we are told by the false breakdown and return to the channel with the subsequent formation of the impulse. Technically, on H4 a pre-breakdown consolidation is forming and the price is gradually pushing up to resistance, which may lead to a breakout and further growth. Fundamentally, based on previous data, traders expect Friday's employment report to show only 189K new jobs compared to 270,000 in the previous month, and unemployment to remain flat. But it's worth paying attention to the actual data. As a mild reminder of slowing economic growth could weigh heavily on the Fed. Resistance levels: 0.614 Support levels: 0.61, 0.608 Technically traders believe in the continuation of the growth. A break of resistance may trigger a rally. But unpredictable news may change the market mood and in this case active selling may start. Regards R. Linda!
Long
by RLinda
3