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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
SFPUSDT → Pre-break consolidation could send the price upward BINANCE:SFPUSDT after months of forming a sideways range on the background of the global honey trend finally forms a pre-breakdown consolidation against resistance, which may initiate a trend change We are interested in the global pattern "symmetrical triangle" - in fact, it is a range within which the price is gaining liquidity. Above the range, after the first breakout of resistance, the second level - 0.6420 is formed and relative to this level an ascending triangle is formed, which can be interpreted as an attack of dynamic buyers on the limit resistance area. On the background of possible BINANCE:BTCUSD strengthening, SFP can get a good bullish potential when the resistance of the ascending triangle is broken. The moving averages act as trend support. Resistance levels: 0.6420 Support levels: previously broken range resistance In the long term, I expect a breakout of 0.6420 followed by price consolidation above the level, which will form a bullish potential. Regards R. Linda!
Long
by RLinda
8
EURUSD → Strong $ negatively affects the pair FX:EURUSD on the background of a strong dollar may continue its decline. A flat and support retest is being formed. If the dollar goes up, the currency pair will break the support We observe the formation of a bearish trend. Earlier, the price tried to break the trend resistance and change the market direction, but only managed to form a flat between 1.0635 - 1.05000. The support is being retested on the background of TVC:DXY strengthening. The price will go up at the next retest, which will have a negative impact on EURUSD. There is a possibility that the price may retest the flat resistance or one of the moving averages before further decline. Support levels: 1.05000 Resistance levels: 1.05600, MA50 In the long term I expect a breakout of the support at 1.05000, but it can happen either on a retest or after a pullback. Regards R. Linda!
Short
by RLinda
19
TOMOUSDT → a strong coin in a weak marketBINANCE:TOMOUSDT in a weak cryptocurrency market gives us hints of chic bullish potential. But this will happen under a number of conditions The coin is in a range under the resistance at 1.5480 and under the downtrend line marking the direction of the global trend. The coin after a long consolidation and numerous retests breaks this line and begins to move into the phase of realization of the accumulated potential. On the background of weak BINANCE:BTCUSD (and this is important enough) TOMO forms an active bullish growth to the area of 1.5480, which is a panic zone for sellers. If this resistance is broken through, an increase in volumes will be formed that will start to lift the price, in which case we can catch a rise in price. Medium-term target is 1.9700 and 2.4390. Moving averages on D1 act as support. Resistance levels: 1.5480, 1.6640 Support levels: 1.3300, MA-50 and MA-200 In the future, I expect a continuation of the simplified struggle of buyers with the market, which may lead to a breakthrough of the above resistance and further strengthening of the price to important targets CRYPTOCAP:TOTAL3 CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 CRYPTOCAP:BTC COINBASE:BTCUSD BINANCE:TOMOUSD a strong coin in a weak market Regards R. Linda!
TLong
by RLinda
17
GOLD → The market is targeting 0.618 fibo ($1895) OANDA:XAUUSD is entering the empty range from 1885 to 1915. The only level the market will still be able to interact with, before reaching the 1915 target, is in the 1895 area - a strong liquidity area Today we see a break of the resistance at 1885 after a small retest. A momentum is formed, which tells us about a further target in the form of 1895 resistance, formed back in June 2023. It is worth paying attention to this area, because here is also 0.618 Fibo, which is an important level for the market. Since there are no important areas of resistance and liquidity in the whole range of 1885 - 1915 except this zone, it is here that some struggle on the market may take place and a correction to the support may be formed before further growth. The market now has a strong fundamental component (economic news, crisis and war) - all this increases the interest to the metal, but it should be understood that the market cannot grow all the time, sometimes it will fall (correction). SMA 1H - strong support, and 4H - MA-200 will be tested in the medium term (in the area of 0.618 fibo) Support levels: 1885 Resistance levels: 1895, local ascending line, SMA200 I expect continuation of growth to the mentioned resistance area from which a correction to support may follow before further growth to 1915 OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! CAPITALCOM:US500 TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
26
IOTXUSDT - IoToX is stronger amid a weak market BINANCE:IOTXUSDT is proving strong amid a weak market and the fall of the flagship cryptocurrency. A dense pre-breakout formation is forming on the chart, which can give a great move if a number of conditions are met BINANCE:BTCUSD is declining, the market failed to strengthen above 28000 and the price is falling to 26000. On the background of the 5-day fall of the flagship IoTeX / Tether feels quite confident. Growth and resistance breakout is formed. Consolidation formed under resistance will be enough for resistance breakout and active momentum formation. Altcoins periodically get potential at the transition of capitals between assets, which is most likely formed and IOTX. Earlier MA-50 was broken and the price is preparing to test MA-200 in the near future. The breakthrough of the second one will give a good leverage for growth. Targets in the medium term should be considered 0.02386 and 0.03036. Support levels: previously broken figure line, 0.01610. Resistance levels: 0.01866 I expect consolidation above the range and subsequent breakout of 0.01866 resistance. Regards R. Linda!
Long
by RLinda
15
🥇GOLD - The bull market is ready to strengthen further GOLD continues its upward path. The price breaks through 1877 and consolidates above the level, which gives the market new upside potential to 1900 TA on the high timeframe: 1) The dollar index is in a falling phase, which gives gold upside potential 2) Gold failed to reach an important target and thus will continue its rise TA on low timeframe: 1) Breakout of 1877 and consolidation above the level gives us a signal 2) Potential for a new high is forming. 3) I am waiting for growth and reaching 1900 in the medium term. Key support📉: 1877 Key resistance📈: 1885, 1890, 1900
OANDA:XAUUSDLong
by AndeWave
16
GOLD → The market is aimed at resistance retest OANDA:XAUUSD enters the 1857-1877 range, consolidates above the support and makes a new jump. Yesterday I talked about strong fundamentals, relative to technical analysis and what we see is a breakout of said resistance. Today PPI - one of the inflation indicators is published and at 18:00 GMT FOMC Meeting Minutes - most likely the information trend of previous periods will be preserved. At the same time TVC:DXY is in the phase of correction to the support area, the publication of bullish news for the dollar may resume further growth of the index, which will partly affect the gold. In the nearest future the market may test the resistance of 1877, after which the price may roll back to the support. In the long term, the market may trade inside the sideways range to determine the further scenario, but it should be understood that gold is bought up during the war. In the absence of further escalation of the conflict, the price may decline, but not significantly: the longer-term factor - expectations of the end of the Fed rate hike cycle - is also having an impact. Resistance levels: 1874, 1877.5 Support levels: 1857.7 In the future, I expect a retest of resistance and subsequent rebound with further forging of the sideways range OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD TVC:DXY CAPITALCOM:US500 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
47
USDJPY → A retest of trend support. What could go wrong?FX:USDJPY is forming a correction to trend support amid the corrective movement of DXY (Dollar Index). Logically, on an uptrend, support should push price up, but what could go wrong? On the daily timeframe TVC:DXY is forming a correction to an important support, the reaction could be bullish, thus USDJPY will start to form a rise to resistance. At the moment the fundamental part is quite complicated, with the Fed's tough stance, the dollar is forming a correction under the influence of other levers. So, we will start from the technical analysis. The currency pair is heading towards the uptrend support, consolidation near this area is confusing and increases the chances of further support breakout. A sell signal (counter-trend strategy) will be the consolidation of the price below the uptrend support line, after its breakout. And the buy signal (trend strategy) will be a false break of the support line. Resistance levels: 148.9 Support levels: 148,46 The situation is complicated by the fundamentals. From a technical point of view, the price can form a trend growth, but we need to wait for a signal. The setup may break, and in this case the target will be 147.38. Watch the reaction of DXY and USDJPY price to the trend support. Regards R. Linda!
Long
by RLinda
16
GOLD → Fundamental is stronger than the technical part OANDA:XAUUSD is making a new jump. Actually, we talked about it yesterday. Geopolitics affects the interest in gold and the price of the metal. The trend resistance is broken and the price changes the local trend. Let's take a look at the D1 chart . There is a rather interesting and at the same time controversial situation, in which fundamental factors can be stronger than technical ones. The price is approaching the retest of a strong resistance line, which has 5 serious confirmations over the last year and a half, so we should wait for a fall when this line is retested. BUT! At the same time we have strong fundamental factors, on the side of which are such technical nuances as: local consolidation, resistance breakout and candlestick pattern, which hint at further growth. Also, on the D1, the price breaks the level of 1856.4 and on Monday the session closes above this area. On the local chart, the price breaks up, updates the local high and forms a retest of the range support. By the way, relative to this support, I expect the entry point forging. The price closing above one of the mentioned lines will give us a bullish potential Support levels: 1857.7, 1856,4, 1846,3 Resistance levels: 1863.7, 1877.56 In the long term I expect the growth to continue, but after a local correction. Targets are indicated on the chart. OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX_MINI:MGC1! COMEX:SI1! CAPITALCOM:US500 TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
14
🥇GOLD - The market may strengthen the price GOLD has been rising since the opening. The reason is the conflict in the Middle East and the fundamental factors of last week. Consolidation is forming and most likely the price may test the support before further growth. TA on the timeframe: 1) The reason for the rise today is the geopolitical factor. And as we know, in all crisis situations there is a growing interest in gold. 2) False breakout of strong 0.5 fibo level. FB may be followed by strong growth TA on the low timeframe: 1) Price is consolidating in a narrow range. Most likely a strong impulse may be followed by a retest of 0.5 fibo support 2) At the moment people still do not know what to do and are preparing to buy gold, but before further growth the market can fool the player and take out stoplosses, which are below 1846. 3) waiting for a rise to 1878 Key support📉: 1846, 1840 Key resistance📈: 1853
OANDA:XAUUSDLong
by AndeWave
20