The news effect the price XAUUSD 1hGold pullback and retest of the strong support zone. I expect the price to pull back and the small rang, then continue falling. My goal is 1994,and 2 Target: 1976.4
A-flat
EURUSD → Fundamentally, the dollar is strongerFX:EURUSD is declining and forming an attempt to break trend support. Fundamentally, the TVC:DXY is strengthening on the background of the Fed's position, which negatively affects the base currency - EUR.
On the high timeframe we see that the dollar continues to strengthen after a long consolidation. The Fed is not going to give up and is trying to insure itself before a possible interest rate cut, which may come in spring-summer 2024. This scenario may strengthen the dollar to local highs, which will have a negative impact on the currency pair.
EURUSD broke 1.088 testing the trend support, technically, the breakout has already occurred, the price may take a small correction and retest the support, after which it may head towards the lower boundary of the range - 1.0756. Consolidation of the price below the trend support will confirm the bearish position, which will be a favorable scenario for sellers.
Support levels: 1.078, 1.0756
Resistance levels: 1.0888, 1.10
Fundamentally, the dollar is stronger than the euro, which will obviously have a negative impact on the currency pair. We expect confirmation of the scenario (consolidation below the support) for further opening of sales.
Regards R. Linda!
NZDUSD → Consolidation after support breakoutOANDA:NZDUSD continues to consolidate in a narrow range as uncertain sentiment is also seen in the dollar index amid a challenging fundamental environment.
The TVC:DXY has been consolidating below resistance for two and a half weeks, which in standard practice is a strong downside signal as resistance cannot be broken.
NZDUSD pair broke uptrend support earlier and consolidation is forming in the selling zone between 0.6250 and 0.6208. But, it is important for us to wait for the confirmation of the sell signal, which will be the breakout of 0.6208 and the subsequent consolidation of the price below the level, which will open for us the target in the form of support at 0.6086. Moving averages also indicate consolidation, which may be followed by a distribution phase.
Resistance levels: 0.6250, 0.6366
Support levels: 0.6208, 0.6180, 0.6086
There is a high probability that the currency pair on the background of the subsequent weakening of the dollar index can still break the support and head towards the target indicated by us.
Regards R. Linda!
Price returns to the descending range XAUUSD 1HXAUUSD broke and fixed tow important area 2050 and 2030.i LOOK for selling signal, because price returns to the descending channel and testing local lows on the back of a rising dollar
Resistance levels:2024-2030
Support levels:2017-2013-2010
GOLD → Correction to previously broken trend resistance FOREXCOM:XAUUSD is declining. Bulls failed to hold the 2050 area, but most likely there is a reason for that: the liquidity zone is near the previously broken resistance, and the geopolitical situation is complicated by additional Fed comments.
The dollar index consolidated below 102.6 for a long time and it was logical to realize that the market was unable to go up, until the Fed commented again: "rates should be kept at a high level for some time, it is premature to talk about the beginning of the Fed's rate cut in March". This is logical against the backdrop of the red sea crisis, which is also very much affecting inflation in the world.
BUT. It should be understood that this conflict directly affects the pricing of gold. High probability of appreciation of the asset.
Technically, gold is declining towards the previously broken trend resistance. The market may be interested in support at 2038.9 - 2032. A false breakdown could form a liquidity grab and a bullish momentum.
Resistance levels: 2050, 2064
Support levels: 0.382 fibo, 0.5 fibo (2038.9), 0.618 fibo
The growth of gold, as a security asset amid the crisis, may continue after the market retests the previously broken trend resistance
COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY
Regards R. Linda!
GOLD → The price will continue to rise provided...FOREXCOM:XAUUSD formed a rally at the end of last week and broke the resistance of the downtrend. The reason is another armed crisis, but in Southwest Asia.
On Monday, the market opened the session with price strengthening and retesting 2058. The mood of the market is such that the price growth may continue in the medium term. There is no sense to pay attention to the dollar now, temporarily the correlation in the pair is decreasing and fundamentally gold looks quite a strong asset.
Today the volatility may be lower than the daily average due to the fact that it is a holiday weekend in the USA.
Technically, as the market is testing the level of 2050, the price consolidation above this area will form a bullish potential, which in the medium term can push the price to 2070, 2100, 2150. It is also worth paying attention to the moving averages.
Support levels: 2050, MA50+MA200, 2039
Resistance levels: 2058, 2064, 2070
The market is testing the support, against which gold can strengthen on the background of favorable fundamental background for the asset
TVC:DXY COMEX:GC1!
Regards R. Linda!
XAUUSD H1The price retest and broke through they level 2050.
if the bulls hold the level, the price will continue to rice towards 2150.
I'look for a pullback to the rang zone. I think the price can go up. because it is gaining bullish momentum.because formed a rally at the end of last week and broke the resistance of the downtrend. my goal is the resistance and liquidity zone at 2070.
GOLD → Why could the metal's price rise continue? FOREXCOM:XAUUSD closes the trading week above the opening, which is quite a positive sign, as the market has obvious reasons for the rally, which can continue up to 2150.
We are living in a time of a 30 year record number of armed conflicts with over 180 clashes. This is all affecting the market, including gold. A recent reason for gold's rally was the military operation against the Houthis in Yemen by the U.S. and the Great Britain for the freedom of the sea route. As part of the rally, the price is overcoming bearish resistance and forming further preconditions for a possible rise.
There is not much fundamentally significant news in the coming week, the world is focused on the war in the Middle East, which is still ongoing and the new armed conflict in Southwest Asia. This is pre-determining the medium-term outlook for gold. The dollar has been receiving bullish news for the last two weeks, but continues to consolidate without any bullish reaction under the resistance level of 102.6. The market is probably waiting for downside signals. Gold on the other hand breaks trend resistance, which temporarily detaches the correlation between the assets, hence the format of technical and fundamental analysis changes a bit.
The coming week may see a retest of local support before a further retest. Now all eyes are focused on the resistance of the global range 2050-2070 and it is likely that in the medium term gold may break this level and start to form a new global range.
TVC:DXY COMEX:GC1!
Regards R. Linda!
BTCUSD → A "sell the news" scenario? What happened?BINANCE:BTCUSD tested a new high of 49K amid increased volatility due to positive news for the asset. But, as we can see, what many did not expect was a strong sell-off.
I have been talking about sell-offs from the 48250 level for a while now, since mid-November 2023, the moment BTC entered a new range.
The 48250 area is a strong resistance with a huge pool of liquidity and it is quite logical to see a false breakdown followed by sell-offs.
In addition, strong bullish news related to SEC approval of applications for spot BTC-ETF forms the opposite direction to the expected price movement:
At the moment, the "Sell The News" scenario is developing - this maneuver includes a possible price correction of 10-20-30%.
It is logical that the price cannot grow all the time and the asset pricing includes corrections to maintain adequate liquidity in the market.
At the moment the price is testing the nearest strong support 41639 and forms the third retest ( false breakdown ) of the support. In the TA format, the price can form a rebound, which we see. At the moment we should pay attention to the level of 42850 from which growth or a small rebound may follow and then fall to 40659 - this is a strong level, which is a risk zone and liquidity pool. A false breakdown may be formed before further growth.
Support levels: 42850, 41639, 40659
Resistance levels: 44490, 45500, 47280, 48250
Regarding technical nuances ( resistance, false breakout ) a correction is forming. The price may test one of the mentioned support and liquidity zones to free the market from unwanted participants. Fundamentally, BTC is strong enough to continue its growth both in the medium and long term.
Regards R. Linda!
ETHEREUM - Price can leave pennant and then fall to support areaHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to flat, where it rose to top part, which coincided with $2430 level, and then bounced down.
Price declined to support area, which coincided with $2170 support level, and some time traded near this zone.
After this, ETH made upward impulse to $2430 level and broke it, thereby exiting from flat.
Also, price started to trades in pennant, where it reached resistance line and then in a short time fell to one more support zone.
Then ETH rose to resistance line, but recently it declined to support line, where at the moment price continues to trades near.
Ethereum can break resistance line, thereby exiting from pennant, and then start to fall to $2430
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Gold can make one more movement up and then start fallHi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price a few time ago rebounded from the support level, which coincided with the support zone and declined to 1930 points. After this, XAU in a short time backed up and even rose higher than the 1975 support level, thereby breaking this level and later starting to trades in consolidation. In this range, Gold first made a retest of the support level and then made a strong impulse up to the resistance zone, but when it reached this zone, it even rose higher than the top part of the consolidation, after which price in a short time declined back, making a fake breakout. Next, Gold fell to the support level back, after which at once rebounded and made an impulse up to the resistance zone, which coincided with the resistance level again. But a not long time ago, XAU started to decline and fell below, making fake breakout one more time. Also, recently, it turned around and started to rise, so possibly Gold will try to grow to a resistance level, after which the price can start to decline. Therefore I set my target at the 2010 level. If you like my analytics you may support me with your like/comment ❤️
GOLD → It's a stalemate. The market can grow FOREXCOM:XAUUSD reaches our target, but after a false breakdown of support 2016, the market quickly buys back all the fall. Now the price is heading towards a strong resistance
The most interesting thing is that three times in a row the US market received fundamentally bullish news. The TVC:DXY has been in the same place for 10 days now and cannot pass through resistance, which speaks volumes about the state of the index and the mood of the market. The market is overheated and in all likelihood the index is preparing for a decline. Gold is not so eager to react to bearish news and at any opportunity the market tries to buy back the fall.
At the moment the price of gold is heading to the resistance of the ascending channel, from here two scenarios can develop:
1) False breakout may lead to a pullback, within which the price may break through 2031.8. Consolidation below this level will continue the correction phase and within the descending channel the price may head towards 2016
2) False breakout will form a small correction to 2030-2031. But, the fundamental background will play its role and the price will start forging resistance retests for a breakout. Breakout of downside resistance and 2038.9 level is a signal and price consolidation above these areas will be confirmation
Support levels: 2031.8, 2025
Resistance levels: MA-200, 2038.9
I think that the chance is higher towards the resistance breakout than towards further decline. We follow the price reaction beyond the mentioned zone and wait for confirmation of one or another scenario to open trades
Regards R. Linda!
GBPUSD → A technically weak dollar will strengthen the pair FX:GBPUSD continues to form consolidation in the ascending triangle format. Bulls are gaining strength and trying to break through the resistance zone 1.2780 - 1.2800.
The currency pair is in a global uptrend and according to a number of prerequisites this direction may continue.
If we pay attention to the TVC:DXY , we can see that the index does not react to bullish news at all and apparently due to the overheated condition the index is ready to decline. In this case, this maneuver will be favorable for the pound sterling, which can strengthen the pair.
On the chart we see an ascending channel and a pre-failure consolidation in the format of an ascending triangle. The resistance 1.2780 - 1.2800 plays a key role. Breakout of this zone and price consolidation above the level will form a bullish potential, which will confirm the breakout of the level.
Support levels: 1.2715, 1.2615
Resistance levels: 1.2780, 1.2888
I expect a breakout of resistance under the pressure of buyers on the limit resistance zone.
Regards R. Linda!
GOLD → How might today's news affect gold?FOREXCOM:XAUUSD is trading in a range, as evidenced not only by trading between levels, but also between moving averages. The reason for this is the controversial fundamental environment.
The market is reacting weakly to bullish news for the dollar because fundamentally it is already overheated. Speculators react very strongly to negative news than positive news and in the current environment this is worth considering.
Important news is being published today. In general, analysts are expecting bullish CPI data and bearish Initial Jobless Claims data. Bad data for the $ will push gold up, to the point where the price could change its local trend. But good news for the $ may continue to form an actual range for gold 2015 - 2050.
It is worth paying attention to the strong resistance on the dollar 102.6, technically, the index is ready to go down and very strongly (This should have a positive impact on the price of gold), but I wonder what will show today the funamental market.
Support levels: 2030, 2020, 2015
Resistance levels: 2039, 2049
On the news, the price may test strong zones. At the moment, there is no clear understanding of the strength of the news we will receive, but according to a number of assumptions we have a chance to strengthen the price of gold
TVC:DXY COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
XAUUASD1HThe price is trading within the descending channel. I expect gold may test the resistance, liquidity is in the area 2040-2050. and rollback and go down to retest the support level.
MY goal is the support level at 2020-2015
APTUSDT → Potential for further growthBINANCE:APTUSDT forms support 8.08 and pre-breakdown consolidation, within which it breaks the trend resistance.
After breaking the resistance, the market forms a local high of 11.1 after which it tests the previously broken trend resistance and the support of 8.08. The market is trying to change the trend and it is logical on the growth of the total market capitalization. Technically, the coin has a good enough potential to catch up with other coins in growth.
It is worth paying attention to the zone of 9.220 - 8.08. The bulls are trying to hold this area, increasing their volume. It is worth waiting for the price to consolidate above this area to confirm the bullish potential. The moving averages are supporting the market, and the false break of MA-50 gives a good signal.
Resistance levels: 10.9, 12.67
Support levels: 9.22, 8.08
It is worth considering the potential for buying at the moment. A price consolidation above 9.22 will give a good place to open a trade.
Regards R. Linda!
GOLD → Bounce to 2050, or consolidation 2030-2040FOREXCOM:XAUUSD is trading within a descending channel, from support the price is heading towards resistance, while the dollar continues to consolidate in anticipation of tomorrow's news.
Gold price after another false breakdown of support and retest of the liquidity zone forimizes the rally and tests 2040. Most likely the target for the market is embedded higher, around 2048-2050
Pay attention to the dollar. The price is in consolidation for 6 days near the level of 102.6. Important news is published tomorrow, the market is probably waiting for bad news for the dollar, as the bears are forming a strong resistance zone.
Gold may enter the risk zone (resistance area) before the news, but if the price does not pass the 2040 area, the price will form a consolidation until tomorrow waiting for the fundamentals.
Support levels: 2030, 2023
Resistance levels: 2039, 2049
The price is strengthening towards the resistance, the target for the market is the area of 2050. But if the price does not pass through 2040, the market will start to form consolidation 2040-2030
TVC:DXY COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
ETH → The market is preparing to overcome 2300 and riseBINANCE:ETHUSD is trading within the boundaries of the 2383 and 2136 range, but at the same time the price continues to test 2300, which plays an important role in the medium-term perspective
On the high timeframe we see consolidation after breaking the resistance of the ascending channel. Consolidation is formed at the intersection of the strong 2300 level and the resistance of the ascending channel, which can be interpreted as a period of struggle between market participants. The bears are trying to hold the 2300 resistance area, while the buyers (bulls) continue to actively test this zone for a breakout, as the ethereum fundamentals look much more promising for buyers.
Moving averages indicate strong accumulation, price consolidation near a strong resistance level indicates a fairly strong bullish potential.
Resistance levels: 2300, 2383, 2447
Support levels: 2200, 2136
The price is likely to continue testing 2300 as the market is in a bullish trend. Consolidation at some point will lead to distribution, this trigger could be price consolidation above this level.
Regards R. Linda!
GOLD → False breakout leads to counter-trend correctionFOREXCOM:XAUUSD within the descending price channel forms a false break of support after which we see the strengthening, which began yesterday.
On the background of the downtrend the price forms a false breakdown of the level of 2031.8, after that during several hours the price fixes above this level, which forms a bullish position in the market. Within the current counter-trend correction, the price may reach the resistance of 2048 range or trend resistance. There are no important news that can affect the price today, most likely the price will continue its direction to the zone of interest, because above 2049 there is a large enough pool of liquidity. It is too early to talk about the trend change.
Support levels: 2030-2031
Resistance levels: 2039.3, 2049.3
The counter-trend correction may reach the mentioned trend zone. Further we should watch the price reaction to the mentioned resistance area as well as to the fundamental reasons, which can both break the trend and continue it
TVC:DXY COMEX_MINI:MGC1! COMEX:GC1!
Regards R. Linda!
GOLD → The downtrend continues to form FOREXCOM:XAUUSD has been declining on the basis of fundamentals since last week, which is what I was preparing you for. The price makes a false break of resistance and decreases by 1.8%.
Yesterday we analyzed the situation from both fundamental and technical points of view. Gold, as we expected, is declining towards the support. The price is heading towards the lower boundary of the trend, from which a small correction to the resistance may follow. If the fundamental background ( TVC:DXY ) does not change in the next few weeks, the price may test the levels even lower in the future.
Technically, now we expect a correction from the 2023-2020 area to one of the nearest resistances. BUT, if the channel support is broken and the price forms a consolidation below 2023-2020, the decline will start without a pullback, the target in this case will be the area of 2015, 2010, 2000.
Support levels: 2030, 2015
Resistance levels: 2039, 2049
The price may continue to be inside the descending channel, having formed a bounce from support to resistance. Technically and fundamentally, the price is preparing for a decline.
Regards R. Linda!
EURJPY → False resistance breakdown and a weak euro FX:EURJPY is forging a false resistance breakout amid a global bearish trend. Bearish volume is forming in the 158.38 zone
Based on the fundamental background and strengthening of the Index dollar ( TVC:DXY ), the euro ( FX:EURUSD ) may lose ground. In such a case, on the background of euro weakening, Japanese yen ( FX:USDJPY ) may strengthen.
Globally, the currency pair stands in the range of 158.5 (157.9) - 154.0. In such a case, from resistance, within the range, the price may head towards flat support.
Technically, we have a local ascending channel and a false breakdown of the resistance area. The price consolidation below 158.38 and the break of the support at 157.5 will form the market decline to 155.0
Resistance levels: 158.38, 159.0
Support levels: 157.5, 156.3, 155
I expect the price decline within the channel to the support of 155.0. Fundamentally, the euro, as well as the yen are unstable, so the market can behave unpredictably and stand still for a long time
Regards R. Linda!
USDCAD → NFP may strengthen the currency pairFX:USDCAD is forming a local resistance level at 1.3364 and pre-breakdown consolidation before the news. There is a chance that price could consolidate.
On D1 we see the formation of a global sideways range. Hence, we are using a range trading strategy in the global perspective. A false break of support forms a signal that price is now heading upwards.
Yesterday, the TVC:DXY received fundamentally positive data that could strengthen the price, and also this data (Initial Jobless Claims, ADP NonFarm EC) is a prerequisite that today's Nonfarm Payrolls will also be bullish for the dollar.
In this case, the currency pair may break the nearest resistance at 1.3364 and continue its growth.
Support levels: 1.3315
Resistance levels: 1.3364, 1.3487
There is an empty space up to the target, therefore, if the nearest resistance is broken, the price will easily and quickly reach 1.3487
Regards R. Linda!
GOLD → Uncertain market. What should we expect?FOREXCOM:XAUUSD is forming a global range of 2070 - 1810. In a neutral market, the price may head down from the resistance, but we have an unstable fundamental environment.
The market closes the second half of the new week in 2023 in a phase of uncertainty. The price is standing still. After receiving the news, the market quickly buys back the decline or sells off the rise, thus bringing the price back to the current range of 2050 - 2040.
Wednesday through Friday the market receives bullish news for the US market, which technically should drop the price of gold. But the market is already overheated by the Fed's manipulation and is apparently getting ready for further rate cuts, which the US regulators may start in early spring . In this case, the TVC:DXY will begin to give up its positions, which will technically strengthen the forex market and including gold, silver and the cryptocurrency market.
On the high timeframe ( 1 week ) we see the strength of buying power in the gold market. There is a reason for everything: fundamentals, geopolitics, problems in the US and European market, high interest in the metal from the central banks of many countries, which very actively continue to buy the metal.
Technically, the price may test 0.382, 0.5, 0.618 fibo by spring before rising further.
The positive sentiment is indicated by frequent resistance retests . Every next retest makes this zone lose strength, which technically brings us closer to the formation of a new bullish range after breaking the 2050-2075 zone.
There is not much news in the coming week, important data may be released in the second half. The market may start the new trading week by continuing to forge a sideways range between 2050 - 2040 . But, a breakout of one of the mentioned boundaries followed by price consolidation above or below this level will form momentum towards the mentioned zones.
Support levels: 2040, 2030, 2015
Resistance levels: 2050, 2058, 2069, 2075
The market may be temporarily affected by the bullish news for the US market from last Friday. Gold may start to decline to 2040 and retest 2030 as we saw sell-offs on Friday after stabilization. BUT! At the moment the market is unstable amidst uncertain potential. Proceed from these levels and your trading strategies.
Regards R. Linda!
