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GOLD → Pending FOMC & FED. Price may fall even lower FOREXCOM:XAUUSD is in consolidation phase and it is likely to last until 19:00 GMT. The market is waiting for news and no strong movements in one or the other direction should be expected before the time. The premise is that the dollar will strengthen: Friday's NFP continues to be bullish for the TVC:DXY (pattern to break resistance is forming) PPI is expected to be bullish Overall the data over the past few days will not allow Powell to cut the rate. Inflation is still strong to change policy. Against this backdrop, gold may test one of the local highs: 1990, 1996, 2000 before falling further Overall, from a technical point of view, there is still a huge buying imbalance in the gold market, the market maker can take the price much lower to balance the situation and at the moment the negative fundamental background is contributing to this. Support levels: 1976,2 Resistance levels: 1984.3, 1990, 1996 The price continues to update the lows and this indicates the mood of the market. The fundamental background for gold is unfavorable and the decline may continue. The situation may change if today's news and its actual data are not extremely opposite to expectations Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
36
EURUSD → FED & FOMC Expectations. Will the situation change?FOREXCOM:EURUSD is forming consolidation in the phase of waiting for news related to inflation and US monetary policy. Based on the expected news and past data, there are a few nuances. The TVC:DXY is leading an interesting life on 4H tf. The index is gaining a bullish stance, we can tell by the long shadows and the price pushing towards a strong resistance area that may be broken. PPI is ahead (analysts expect positive data for $) , Friday's NFP is also positive (this leverage is still in place) for DXY. And also ahead of Fed IRD - it's too early to talk about a rate cut, inflation is falling, but there is not enough potential to change Powell's views yet. Technically, on the background of the news, I expect a retest of the mentioned resistance area of EURUSD (1.083 - 1.081) with a subsequent fall, as the dollar is supported by strong fundamentals and expectations, in which case the forex will continue its downward correction. Support levels: 1.0756 Resistance levels: 1.083-1.081, 1.0800 The SMAs are showing the beginning of a change in sentiment as the fundamental backdrop is weakening for the euro. Based on the expected news, the dollar could rise, which would weaken the currency pair. But again, the main nuance of news is its unpredictability! Regards R. Linda!
Short
by RLinda
1
GOLD → Waiting for the CPI. Will the situation change much?OANDA:XAUUSD continues to fall despite the expectations of many. The price is testing the 1984 area and updated the low to 1975.89. What can happen today? The TVC:DXY is in a local trend phase, but at the same time it is consolidating in anticipation of today's CPI and further news this week. The main gaze is directed towards FED interest rate decision, FOMC statement, Initial jobless claims. Against the backdrop of Friday's NFP we can say that things are still not very stable and the representatives of the US economic system may still consider a tougher outlook. In this case the dollar index will continue its growth and gold will go down. Technically, the metal is in the red zone, updating lows and testing resistances from below. The chances that the market will change the trend are not so great. Analysts expect bullish CPI, which will strengthen the dollar. Gold may fall further after a shakeout, within which it may test nearby resistances. Support levels: 1980, 1975, 1965 Resistance levels: 1984, 1890, 1994 I expect a shakeout on the background of the news, after which the decline may continue with a high probability. The potential is on the side of the bears, their strength prevails at the moment. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
BNB → Price is showing an interesting bullish outlook BINANCE:BNBUSDT breaks the resistance of bearish trend on the background of improving fundamental situation. For the activation of the bullish phase of the market, a few more conditions must be met. We can see that CRYPTOCAP:TOTAL capitalization, following the COINBASE:BTCUSD growth, is also moving into a bullish trend format. BNB is falling away due to regulatory and governance issues. At the moment, the fundamental environment is improving and the price is starting to show interesting prospects. The break of the descending wedge resistance is a strong enough signal, the price is testing the MA-50 support and the bulls are confidently consolidating their positions above the moving average. At the moment, the resistance of the current consolidation - 257.8 - is holding back the market from going bullish. A break of this resistance will be accompanied by a surge in volumes, volatility and the formation of a bullish impulse. Support levels: 226, MA50, 203.4 Resistance levels: 257.8 I expect a breakout of the mentioned resistance after the next retest. On the background of favorable conditions it may happen rather quickly. Targets are 336.8, 439.0. Regards R. Linda!
Long
by RLinda
14
GBPUSD → Weak fundamental background will weaken the poundFX:GBPUSD is set for further declines as the TVC:DXY will continue its strength on the back of Friday's NFP, which will weaken the pound sterling. On d1 we see consolidation and retests of key liquidity areas. Since the opening of the session the market has been testing local areas and the pound is forming a small correction, most likely from the nearest resistance the decline may continue. On H4, the double top is forming a false break of the channel resistance and we understand the approximate resistance area. The bears are concentrated in the range of 1.2600 - 1.2700. On a weak negative backdrop, the pound may test the zones of interest and liquidity below 1.250 in the medium term. Within the range trading inside the ascending price channel, the emerging correction may lead us to trend support. Resistance levels: 1.257, 1.2600, 1.2615, MA-50 Support levels: 1.250, 1.245, 1.2386 I expect the end of the correction at the nearest resistance with the subsequent price drop to these areas on the background of weak fundamental background. Regards R. Linda!
Short
by RLinda
43
GOLD → Strong dollar influences further decline in gold OANDA:XAUUSD , following my expectation, on the background of Friday's NFP falls and reaches the target. The price is testing the level of 2000, but in my opinion, this target will not end this week. From December 11 to December 15 we are expecting a rather active week, fundamentally. On Friday we got a rather strong NPF for the dollar, which made gold fall from the zone I mentioned. The fundamental potential is not over, it will continue to influence the pricing in the medium term. It is also worth paying attention to the dollar. On the weekly timeframe we see the formation of a pinbar and a bullish candlestick, which overlaps the last two, which is a strong enough sign of further strengthening. Accordingly, gold and the forex market may react accordingly. Gold is currently testing the support area of the bearish channel. The important zone for us is 2007 - 2009. It is possible to form a retest, an impulse to 2010-2015 , or a false breakdown. Further consolidation of the price below this level will form a bearish potential, which will continue to pressure the price. The market is directed to the mentioned zones of interest and liquidity ( 1990, 1984, 1965, 1955 ) in the medium term. Fundamentally, the market has stopped paying attention to the nuances in the Middle East or Eastern Europe. Now everyone is waiting for some new information from Powell related to monetary policy, namely interest rates. But, more data on Initial Jobless Claims and NFP may make the Fed chief hesitant. Also, on the weekly timeframe, I found the " Cup with handle " pattern forming interesting. It is clear that within such a period it is impossible to determine the exact place of the breakout or the point of safe entry into the market, but the tendency to the fact that the extreme phase of the expected pattern is forming is already pleasing. Most likely, in the medium and long term, the price will continue to test the resistance 2070-2100 for a breakout and the formation of a new range, but not in the near future. OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! CAPITALCOM:US500 TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
19
BTCUSD → How fast will the BITCOIN reach 50K and then what?COINBASE:BTCUSD continues to rally. At a time when many were waiting for a correction from 40K, the flagship is strengthening to the next level and preparing for a further breakout. Fundamentally, bitcoin is backed by quite strong factors. Basically, the entire surge of interest is triggered by the influx of applications for the spot BTC-ETF. With each passing day, the market is getting signals of further strengthening fundamentals, both in terms of the underlying fundamentals and by getting closer to the date when the SEC will make a decisive move: U.S. regulators are becoming more loyal to ETF approval SEC and funds are moving on to key technical details in the discussion The expected Fed rate cuts are also favorable to flagging capital inflows based on fundamental fundamentals. capital inflows based on fundamentals. etc. BTC is currently forming a local level of 44490 . False breakdown does not lead to a strong fall, the coin continues to form a pre-breakdown consolidation. Another retest of resistance will lead to a breakout and further growth towards the upper boundary of the range. Based on the clusters, in BTC , an important resistance area is located around the $ 47360 level, while the 37K level is an area of significant support. From a technical perspective, strong support is at 38K and the key resistance delimiting this range is 48.2K . It is worth paying attention to the local resistance zone at 44500 . The price temporarily stops in front of the level, but the potential is still strong enough to continue rising. A breakout and consolidation above the level will give good bullish leverage. Support levels: 42900, 20600 Resistance levels: 44500, 48234, 51000 Technically and fundamentally bitcoin shows excellent bullish potential. Therefore, we expect the growth to continue after the breakthrough of the mentioned level. And the approval of BTC-ETF dispute requests will give an inflow of huge potential and capital into the crypto market. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
18
GOLD → NFP ahead. Will the sell-off continue? OANDA:XAUUSD continues to form a local bearish channel after updating the high to 2150 and strong sell-offs to the current area. There is still a huge imbalance in the market and the price could go even lower to settle the situation. NFP could perfectly develop the expected scenario I have been telling you about since the sell-off. Expect the data at 13:30 GMT. The Initial Jobless Claims report was released yesterday with positive data for the dollar. This could be a hint that NFP will hit the planned 180K , maybe more , instead of the last 150K . More bullish data relative to expected data will shake up the market. The dollar may strengthen, which will have a positive impact on gold. Gold made a false breakout of 2038 resistance and bearish channel and continues to trade within the downside range. The target support levels are a potential target. But before the news, volatility will be very sluggish. The market is saving the potential for realization. Support levels: 2027, 2025, 2022, 2007 Resistance levels: 2033, 2035, 2038 News can be unpredictable, try to trade carefully before the news. We are expecting a more positive NFP , a rising dollar and gold falling to the previously mentioned targets, but anything can happen OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
45
EURUSD → Bullish NFP figures for USD may drop EURFX:EURUSD is declining and testing the local minimum on the background of strengthening of the dollar. The price is retesting MA-200 , which only increases the chances of further decline. Today, at 13:30 GMT we will meet the NFP data, to which the market reacts quite strongly. In general, analysts expect an improvement for the dollar, as 180K is expected relative to the previous 150K . After the publication of yesterday's Initial Jobless Claims, the reality is closer that the market could see NFP 180K , if not more, as the overall market situation is improving and the fundamentals support this. EURUSD may react with a fall to the possible strengthening of the dollar, but before the fall the price may test a local high, for example 1.08170. Overall, the chart clearly shows the approximate potential. A false breakdown of resistance of the ascending channel opens the possibility to see a sell-off towards trend support. Support levels: 1.0760 Resistance levels: 1.0800, 1.08170, channel resistance In general, bullish news is expected for the US market, which may weaken the euro and the currency pair may fall. But this is news and no one knows in advance what can happen, we only try to see the scenario with a higher chance of realization FX:EURUSD TVC:EXY TVC:DXY Regards R. Linda!
Short
by RLinda
4
GOLD → The bears are moving towards imbalance OANDA:XAUUSD continues to update lows, testing new zones, but at the same time, as part of the correction, the price confirms the boundaries of the forming descending price channel. On D1 it is obvious that the decline in gold will continue, as there is still a huge imbalance at the expense of buyers. At the moment we are interested in the support area of 2022, which may be broken after another retest. In this case the decline will continue to 2009 and then to 1984. The Dollar Index is forming a correction, but even if the decline starts, gold may not react to the dollar and will continue to move towards its targets. On the chart we see a bearish channel, a bounce from resistance and another retest of support, the sellers are strong at the moment. At the same time the market is waiting for the news at 13:15 ADP Nonfarm EC, don't miss it, but before the news reduce the risks. Support levels: 2022, 2010, 2007 Resistance levels: 2035 I expect the continuation of the descending channel formation, in this case, the support may be broken soon and the price will head towards the mentioned target TVC:DXY OANDA:XAUUSD COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
15
GOLD → Global Highs Update. What's next?OANDA:XAUUSD , on the back of the residual potential from last week, is forming a rally from the opening session and testing a new global high of 2150, after which we saw the strongest sell-off. Yesterday we looked at what could happen in gold. But no one expected an update of the highs to 2150. In any case a conglomeration of factors is important for us: Retest of global range resistance (W1, M1) Area 2069-2070. Huge sell-off after the retest of 2150. The market sold off all the upside. Distribution since early November. No potential, no energy and no volume. Update high was on no volume, on the back of hyped up price (pure market manipulation) Most likely, after the market calms down after this burst of activity, price will start testing the 2070-2069 area. I still stick to my scenario - false breakdown and further correction. Key level: 2069.8 - 2070. Support levels: 2059.65, 2049,6, 2035.3 It is important to wait for the market to calm down. A calm market may show a clearer picture for further prospects. We are waiting for a correction. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
34
EURUSD → A retest of support will show further potential FX:EURUSD is forming a correction phase, within which it aims to test the support of the forming range. There are key nuances that suggest a further bullish trend, but there are also those that hint at a possible medium-term decline. The market is laying further TVC:DXY weakness amid interest rate cuts from the Fed. EURUSD is currently in correction on the background of bullish trend. Key support area: 1.0840-1.0830. The market is likely to test this area in the format of a false breakdown, as there is a strong support zone in this area. Consolidation above this area will give a potential for buying. It is also worth paying attention to the fact that below the support is MA-200, which can also favorably affect the market recovery. But, on D1 the market is not reacting to the previously formed false support breakout. If the price continues to form a squeeze to the support at 1.0844 - 1.0830, we should expect a breakout attempt with a phase of further decline to 1.08 - 1.07. Support levels: 1.0844, 1.0830, 1.0777 Resistance levels: 1.08875, 1.0965 A retest of the support area will show further potential. False breakout will give the opportunity to buy, and the breakout and consolidation of the price below the area will return the price to the channel. Regards R. Linda!
Long
by RLinda
17
GOLD → Huge imbalance. Updating the highs. What to expect?OANDA:XAUUSD is making another rally and updating the global high to 2075.4, but at the same time there is a huge imbalance in the market. Distributive retest of the resistance zone and several preconditions allow me to think about a possible correction. In the coming week we will encounter several important news that will determine the market mood and possible medium-term prospects for trading. It is worth paying attention to the following news: SP PMI, ISM PMI (Bullish expectations) ADP NonFarm (Bullish expectations) Initial Jobless Claims (Bearish expectations) NonFarm Payrolls, Unemployment Rate (Bullish Expectations) The bigger reaction is the unexpected nuances regarding the expected data. Since it is news, it is impossible to know in advance what will happen in the market. In the Middle East we notice the aggravation of the situation, but globally the situation does not change, and in addition, the TVC:DXY and OANDA:XAUUSD have not paid much attention to it lately. Increased interest in the gold market is connected with the general world crisis + decrease of dollar indices. Gold in the distribution phase is testing the strong level of 2069.8, the price closing above the resistance level, it may be another trap before further decline. After this maneuver, another pool of liquidity was formed to continue the growth, which only increases the imbalance of forces in the direction of buyers since the strong rally of gold (the rally began in early November due to the conflict in the Middle East). The chart more clearly shows the liquidity and disalignment zones. Market managers cannot allow further rallies in such a critical situation as they may lose money in the moment. Reasons why I expect a false breakdown and further decline: Strong distribution continues for a month. this maneuver has wasted all the potential, which, from a technical point of view, will not be enough to break through the 2070 area. Huge imbalance on the buyers' side Relative decline in volume on a false breakout Death Cross Positive DXY Fundamental Expectation from the open: The market may test 2069-2070 resistance on Monday and try to form a local bullish momentum and make a new high, but a false breakout may follow in the mid term. Consolidation or retest of 2069-2070 level from below may confirm the market's intention, which will start the final decline of the asset towards the mentioned zones. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
36
GOLD → Consolidation before the news. What could happen? OANDA:XAUUSD continues to consolidate in the 2050 - 2035 range. Powell speaks again today, earlier the US market got a higher GDP and good Initial Jobless Claims data, how will this affect his speech and how might gold react? The TVC:DXY is testing local levels, ahead of ISM Manufacturing PMI & Prices and also at 16:00 and 19:00 GMT Powell will speak. US inflation is declining and there are indicators for that, but the dollar is strengthening, which provokes gold to form a consolidation. We are now confused by the death cross on D1, but again, since the gold is in a global sideways range, maybe we should not pay so much attention to this signal. At the moment gold is testing the level of 2048.77 with a false breakdown. On H1 we see strong consolidation, range boundary tests and false breakdowns. The market will wait for the news and most likely there will be no strong movements before that. The price is gaining liquidity before Powell's speech. An actual rate cut is out of the question now, we will only need to hear positive sentiment or hints. If Powell hints more strongly about an imminent change of monetary policy to a more loyal one, the dollar index will resume its bearish trend and gold will head towards the upper global boundary of 2059 - 2067. But, as a force majeure, negative news for gold, the realization of a false breakout and death cross, the price could quite possibly test both trend support, 2022, and the far liquidity zone 2010 - 2020, but it will not change the medium-term and long-term outlook for now. The market could test the global high by the end of the year (perhaps even soon). Support levels: 2038, 2035, 2022 Resistance levels: 2049, 2059 I am waiting for the publication of news, which will determine the short and medium term scenario for gold. The probability that the price will update the high increases as the Fed's sentiment improves. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
11
GBPUSD → False breakdown leads to correction before retest FX:GBPUSD reaches the previously mentioned target of 1.2726, a false breakdown of the liquidity area is formed and apparently a correction will be formed before the retest. The TVC:DXY opens with a small counter-trend correction from the opening, which has a corresponding effect on the Forex market. In all probability, the index will test the previously broken resistance: 102.77, 103.06. The outlook is bearish. The pound sterlnigov will form a small correction after a false breakdown of resistance. The nearest support that can be tested before is in the area of 1.2640 - 1.2620. Today the market expects the publication of the US GDP, in November the index rose to 4.9% against 2.1 in the previous period. Analysts expect that the index may remain unchanged at 4.9. This is the broadest indicator of economic activity and the main indicator of the state of the economy, so this fundamental factor will have a medium and long-term impact on the market. Support levels: 1.2640, 1.2620, 1.2560 Resistance levels: 1.2726 I expect correction after a false breakdown. Retest of the support may form another bullish potential before further growth. Regards R. Linda!
Long
by RLinda
4
TON → Strong fundamentals open up bullish potential OKX:TONUSDT has been demonstrating excellent fundamental data lately. The market is forming accumulation of bullish potential, which may soon move to the realization phase. The price is trading under the global descending resistance line. The market continues to form an ascending price channel. It is worth paying attention to the ascending triangle and false resistance breakout. The market does not allow a fall after the false breakout. What is not natural for the standard situation is that after the false breakout, the price forms a small pullback and returns to the 2.520 resistance for a retest. Clearly, Toncoin is now under the watch of a major buyer. The consolidation may soon move into a distribution phase, provided that the resistance is broken and the price consolidates above the red downtrend line. Moving averages are supporting the market. Resistance levels: 2.500, 2.600 Support levels: 2.329, 2.228 Bulls can keep the price below the support levels. A retest to resistance will increase the chances of its breakout, which is what I am waiting for. A break of 2.500-2.600 will form a bullish impulse. Regards R. Linda!
Long
by RLinda
1
GOLD → Consolidation 2010-2018. What can happen? OANDA:XAUUSD within a strong bullish trend is forming a consolidation in the 2018 - 2010 range. Lower volatility is forming and several candlestick indications are forming that price may test support before further distribution. On D1 we can see that the leading asset, in our case it is the TVC:DXY , is testing support, which may trigger a correction to local resistance, which will have a corresponding effect on the slave asset (gold may also start a correction within this range). The trend is bullish, moving averages and key levels support this direction, there is no sense to talk about any medium-term and long-term sales now. The market within the consolidation will form a lot of opportunities to gather as much liquidity as possible before further movement in one or another direction. Consequently, border touches, false breakdowns and long shadows can be formed relative to the 2018-2010 range (consolidation). But this is not the only scenario. A breakdown is possible with a quick retest with reduced volatility. In the long term, we should wait for a breakout of resistance. Support levels: 2010, 2007, 2004, 2000 Resistance levels: 2018, 2020, 2022 I expect consolidation within the range with the subsequent breakout of resistance, which can happen after a correction or after a quick retest of 2018 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
13
USDJPY → JPY strengthening. What is the importance of 149.7?FX:USDJPY is testing resistance ( old support ) on the background of correction and trend change and is apparently preparing for further decline, following the TVC:DXY , which is also weakening on the background of fundamental policy. On D1 we see the global high renewal, but against the background of the dollar index weakening after a long strengthening and the introduction of measures to combat the weak Yen, the Japanese authorities get a small, but the result - the national currency rate strengthens for almost 10 days in a row. From the point of view of technical analysis: on D1 a double top is formed and the extreme bullish maneuver ends in the zone of 151.72, after which the market enters the correction phase. On the background of retest (bounce), the price is testing one of the strong levels: 149.7. The market feels a strong limit zone at 0.5 Fibo, which it cannot break through and opens the session of the new trading week with a slight decline. Further decline may continue either from 0.5 fibo (rebound) or at the breakout of 0.382 fibo. The market is bearish, as evidenced by the crossover of moving averages. Resistance levels: 0.5 fibo, 149.7, 150.0. Support levels: 0.382 fibo, 148.8. I expect further decline. It can happen either on a bounce from 0.5 fibo (149.7) or on a breakout and price consolidation below 0.382 fibo. Further targets: 148, 147, 146. Regards R. Linda!
Short
by RLinda
14
GOLD → Retest of previously broken support is possible OANDA:XAUUSD has been forging a bullish momentum since the opening of the session and updated its global highs to $2018. The market under the pressure of increased interest, weak dollar and fundamental factor is likely to continue its growth. In the next few days, no important news that could change the situation is expected, therefore, the favorable fundamental background that supports the market may push the price even higher. If we look at the TVC:DXY , the dollar has room to fall, as the dollar has not reached its target yet and it is still a long way away. Gold is moving out of the range and the resistance at 2010 is now a support. There is a high probability that the price can still test this support area before rising further. The moving averages are supporting the bull market and the price is going to reach one of the important targets: 2022 Support levels: 2010, 2004 Resistance levels: 2018, 2022 I expect that the local momentum may pause to retest the support. The market may head towards the nearest level from below for a retest before rising further. Targets are indicated on the chart. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
16
GBPUSD → Waiting for a breakthrough of 1.2560FX:GBPUSD after breaking the resistance of the ascending channel leads to a retest of the line in the format of a false breakout, indicating that the market is ready to continue its growth. The TVC:DXY forms a false breakout of resistance and on the peculiar fundamental background opens Friday with a slight fall, which appropriately affects the strengthening of the Pound Sterling. There is an important resistance level for the currency pair on D1: 1.2559 - 1.2560. The price is slowly and confidently approaching this area after a small pullback, which forms the third retest. The probability of resistance breakout increases with each test. The chance of this is also increased by the exit from the previously formed channel and the formation of pre-breakout consolidation near the key resistance. The strategy is simple: the breakthrough of resistance will be and price fixation on M5-M15 above the level will open the possibility to enter the market. (Or on a pullback (after the breakout) and on a test of 1.2560 as support. Resistance levels: 1.2560 Support levels: 1.2525, 1.25000 I expect that the next retest of the mentioned resistance will lead to the expected breakout with the subsequent price growth towards 1.2726. Regards R. Linda!
Long
by RLinda
8
EURUSD → Correction before the news. What could happen?FX:EURUSD is forming a false breakout. This may be the reason for the formation of correction in the short term. The market is also expecting news today, which is worth paying attention to. We are interested in CDGO (MoM) today and the one that may affect the price in the short to medium term is Initial Jobless Claims. For the latter, analysts are expecting an improvement in the indications from 231K to 225K. If the actual data released at 13:30 GMT is higher than expected, the correction may end and the pair will start to strengthen. If the data will be lower than expected, the correction is likely to be a little bit delayed From the technical analysis point of view, an actual false breakdown could be the reason for the price decline to 1.0875 or to 0.382 or 0.5 fibo. But since we have a fairly strong fundamental basis for the medium term, the currency pair has the following areas as targets: 1.1033, 1.115, 1.127 Support levels: 1.0875, 0.382 fibo, 0.05 fibo Resistance levels: 1.0918 The correction may continue until the publication of news that may determine the short-medium term outlook. I expect growth after the test of local support areas. Regards R. Linda!
Long
by RLinda
13
💱 USDJPY - Pending a breakout of resistance USDJPY continues to trade within the upward price channel. Following the dollar index, the currency pair continues to strengthen TA on high timeframe: 1) A resistance retest is being formed. If the global zone is broken through, the price will continue its growth 2) The ascending price channel is formed following the DXY. TA on the low timeframe: 1) Important level 149.65. Consolidation is formed on the background of the level retest 2) No deep pullback. A retest is being formed for a breakout of the level 3) Consolidation above 149.65 will give a buy entry point. Key resistance📈: 149.65, 150.16 Key support📉: 149.300
Long
by AndeWave
7
GOLD → Consolidation phase and key boundary OANDA:XAUUSD continues to form consolidation in the range between 1928.8 - 1914.2. In the near future resistance may be tested, the price reaction to this level will determine the future direction of the price Since the price is in the key range of 1928 - 1914, there is a probability of price bounce from the resistance. Further growth may continue after the price goes beyond 1928 - the signal for this will be further consolidation of the price above the level. In periods of geopolitical uncertainty investors rush to safe assets. Gold is a rare bright spot in such turbulent periods.Geopolitical fluctuations are a good reason for investors to look for a safe haven in gold. Despite zero yields, the yellow metal is a preferred asset for money managers who want to wait out scary periods in world affairs. The moving averages are supporting the trend and on the Daily timeframe, price is testing global downside resistance, breaking through which price will get the 2000 mark as a further target Support levels: 1914.2, 1909 Resistance levels: 1928.8 In the long term I expect a retest of the resistance. If the price breaks through and consolidates above the level, gold will head higher. With the formation of a false breakout and price consolidation below the level, the market will give us a correction to support COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY CAPITALCOM:US500 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
26