GOLD → New reasons for price movementOANDA:XAUUSD has been forming a small gap since the opening of the session (the situation may differ at different brokers) and essentially continues the move from Friday's fundamental leverage
There was quite a lot of news over the past weekend, including a serious conflict in the middle east. Adding to the bullish narrative in the TVC:DXY is another geopolitical factor, the reaction can be seen in the chart below left. The gold market has continued to rally since Friday, but surprisingly following the USD, but there is a reason for this. Since gold, according to most people, is the ideal defense against international instability, the geopolitical factor can raise the prices of this asset, in addition, gold is at favorable levels for buying (not to be confused with short-term trading). From the technical point of view we are interested in the area of 1857 - 1846. The market is forming a consolidation before moving in one direction or another. The price is squeezed between the broken MA-200 and the descending resistance. A breakout of one of the boundaries will provide momentum. (The trading strategy can develop according to two scenarios: resistance breakout or false breakout)
Support levels: 1846.3
Resistance levels: 1857.7
The descending resistance line and 1857.7 level will be important for buying. 1846.3 level will be important for selling. Consolidation above or below these levels will form the potential for a move in one direction or the other
OANDA:XAUUSD OANDA:XAGUSD COMEX_MINI:MGC1! COMEX:SI1! COMEX:GC1! TVC:DXY CAPITALCOM:US500
Regards R. Linda!
A-flat
GBPJPY → Bearish reaction to trend resistance FX:GBPJPY is forming a retest of the descending channel resistance, forming a post facto logical reaction to the mentioned zone. At the moment, the downtrend is playing a relevant role
Fundamentally, we are living a very unstable time. Geopolitics has been sounding too much lately. Fund after a small bullish correction gives signals to further weakening on the background of strengthening of the TVC:DXY , which also negatively affects the currency pair analyzed by us. The rebound from the resistance zone is formed and the price returns under the level of 181.96. Consolidation of the price below this area will form a bearish potential, which can quickly bring the price down to 179.46 or 177.4. Bears are showing strength at the moment. The price is between the moving averages, consolidation may last for some time, but in the long term continue the realization of the previously formed bearish signal.
Support levels: 180.9, 179,46
Resistance levels: 181.96
In the long term, I expect the rate to continue to decline towards these targets.
Regards R. Linda!
GOLD → Bounce off support. How long will it last?OANDA:XAUUSD forms a false breakout of support late Friday, after which the market buys out the entire decline and forms an almost bullish takeover, closing Friday above Monday's close and the entire weekly consolidation
The euphoria from the NFP (negative news for the dollar), may not last that long, and after a small technical correction, the main movement may continue. There are several reasons for this.
The main fundamental background for the dollar index is bullish, Powell (FED) is not going to lose momentum yet, as in every address there are always references to the rising inflation and the tight market, which they are trying to fight . By the way, there are several important news items being published this week. Worth paying attention to:
PPI (Mom), FOMC Meeting Minutes
GDP, Core CPI, CPI, Initial Jobless Claims
The TVC:DXY is forming a correction. The previously broken resistance at 105.272 may be tested soon. Most likely from this level, based on the global fundamental background, the growth may continue, but first we need to wait for the fundamentals of the coming week and a retest of the level from a technical point of view.
Regarding gold. From a technical point of view, the market has not reached the mentioned target. I am interested in the 1809 level, below which there is a huge pool of liquidity that beckons market managers. Gold, even with increased liquidity on the news, does not reach this area and reverses. Friday's candle forms the preconditions for the local growth to continue on Monday ( it is worth paying attention to the level of 1829-1830, which can be bought against ).
The nearest target for local maneuver is the level of 1856. But in the medium term, I continue to wait for further decline, especially to the level of 1809 and 1800, as the US monetary policy is still tight to reduce the cost of production, so after a small pullback, the growth of the dollar and the fall of gold may continue
OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! TVC:DXY CAPITALCOM:US500 COMEX_MINI:MGC1! COMEX:SI1!
Regards R. Linda!
BAKEUSDT → Breaking through resistance opens up the potential BINANCE:BAKEUSDT is trying to move into the phase of realization of accumulated potential. A consolidation above the 0.1421 level will be a good starting point. If we break through the resistance of the range, we can get a gorgeous bullish potential (targets are indicated on the chart)
BINANCE:BTCUSD shows good dynamics for the medium term. The price after the false breakdown of resistance does not fall and there are prerequisites for a possible strengthening of the price to 30000, which will give a great kick in the butt to altcoins if the total capitalization increases.
From a fundamental point of view, the cryptocurrency is still turbulent and there is not much bullish news (strong news). But bitcoin is showing strength relative to the SP500 ( CAPITALCOM:US500 ) - and that's good for us.
In terms of technical analysis BAKE: the price breaks the resistance of the annual descending wedge and we get a signal for further strengthening of the price. In the nearest future the market may test the previously broken level of 0.1421 and if the bulls successfully consolidate the position, the price may give a start towards 0.2339 and 0.2840.
Moving averages indicate consolidation and show a hint of something interesting.
Support levels: previously broken wedge boundary, 0.1421, 0.1161.
Resistance levels: 0.1580, 0.1882, 0.2339.
Since we see the breakout of the resistance of the figure, in the long term I expect the formation of the realization of the accumulated potential in the form of a bullish impulse to 0.2339, 0.2840.
Regards R. Linda!
GOLD → Consolidation ahead of #NFP. What to expect?OANDA:XAUUSD has been consolidating for 4 days. The formation is directed to realization at the moment of #NFP publication. The market was in a downtrend for a long time, after which it went into a narrow consolidation, there were no pullbacks at all in the last two weeks
Today, at 12:30 GMT NonFarm Payrolls & Unemployment Rate (Sep.) will be published. This is quite important news for short-term forex market pricing. The impact is on the dollar, and from it already on gold. On the chart we see the formation of a long 4-day consolidation in the range of 1828 - 1815. On the daily chart, the maximum decrease in volatility over the last 2 weeks is forming. The consolidation is starting to form a pre-breakout character as this range is forming near trend support and near the key level of 1809-1807. Hence, based on the negative fundamental background and the formation of a pre-breakout consolidation, there is every chance of a support breakout and further decline towards both 1800 and 1775. But there is always a BUT. News is an unpredictable nuance. Negative news for TVC:DXY can give a bullish surge for gold and vice versa. The nuances are shown on the d1 chart. On D1 SMAs are in the phase of signal realization
Support levels: 1815.3, 1812, 1807
Resistance levels: 1828, channel border
It is difficult to expect something concrete from the news. In the short term there may be a retest of these resistance areas, but in the medium term I continue to wait for the fall
OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY
Regards R. Linda!
Flat channel on the BTCI see the flat channel on the BTC and me very interesting what will show my Future Grand Trend indicator. I hang on it on the chart and will very expressive. Really? Flat channel will be on the next few days?
Now me very interesting will it or not. Lets try to look together...
EURUSD → Resistance Retest. Waiting for NFPFX:EURUSD is retesting the trend resistance. The liquidity area may be tested before the publication of NonFarm Payrolls, which will form a surge in volumes
At the moment, from a fundamental point of view, EUR will weaken further as USD ( TVC:DXY ) is in a strong bullish trend amid tight monetary policy. Today's data will not change the fundamental background much, but it may affect it relatively.
From the technical analysis point of view, I am waiting for a retest of the trend resistance, possibly the price may strengthen to 1.0635, but with a medium-term downside prospect. The price is consolidating above MA-50 (on H4), most likely in the near future, before the surge of volumes, the market may go a little deeper (up). Local volume accumulation is above 1.057 and 1.0585.
Support levels: 1.05000, 1.0459
Resistance levels: upper channel boundary, 1.057 and 1.0585.
I am waiting for a retest of the resistance area followed by a medium-term decline to 1.05000 or 1.035
Regards R. Linda!
🥇GOLD - Bearish market situation. We are waiting for a fall GOLD is forming a retest of support after a long consolidation. From the level of 1815 a small bounce may be formed before further decline, or a break of the level with further consolidation below 1815, which will form a selling entry point.
TA on the high timeframe:
1) Candlestick analysis implies further decline
2) Strong consolidation near an important level - readiness for a decline
3) No strong bullish pullbacks yet. Buyers are weak
TA on the low timeframe:
1) Support retest may provide a bounce for a subsequent retest
2) Another support retest will lead to support breakout.
3) The main target at the moment is to break the support and go down to 1800.
Key resistance 📈: 1824, 1828
Key support 📉: 1815, 1807.9
GOLD → The situation remains the same. Consolidation OANDA:XAUUSD continues to consolidate, therefore, the market situation remains the same. The probable outcome of events is a false break of resistance (retest of liquidity area) before further decline
The market has been forming consolidation inside the important range of 1828 - 1812 for the last few days. Liquidity is forming above these boundaries, which the market maker (with high probability) will not miss. In priority, I expect a surge in volumes at the next retest of the resistance area and the formation of a false breakdown. Local strengthening of the price may reach such areas as 1830, 1835, 1840. In the medium term, I expect a further fall, but after reaching local targets. The global target is an important support area, which is indicated on the senior timeframe: Weekly chart on the left (blue level). The moving averages indicate a strong trend. A sell signal can be formed relative to 1828.2, 1833.3, 1835.5
Support levels: 1812, 1807. 1800
Resistance levels: 1828.2
In the long term I expect a continuation of the fall, but a small bullish correction may follow before this movement
OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX_MINI:MGC1! COMEX:SI1! TVC:DXY
Regards R. Linda!
🥇GOLD - Consolidation before the news GOLD is in consolidation on the background of falling market. There will be news soon, quite strong, and most likely the market players are waiting for the data, so consolidation will form on the chart. The sentiment indicator indicates a bearish potential. The trend is also bearish. The news impulse may hit resistance, after which the decline may resume
TA on the high timeframe:
Market is falling. Price breaks 0.5 fibo and heads towards 0.618
A retest of 1807.96 may follow (the level has not been tested yet), and the price may also hit 0.618 before a pullback.
TA on the low timeframe:
A sideways flat is formed, the essence of the flat is consolidation
Minimal volatility is formed on the market, as the potential for movement in one or another direction is accumulated.
Watch the price reaction to the mentioned levels, I am expecting a fall in priority, as we have a downtrend.
Key resistance📈: 1831, 1833, 1841
Key support📉: 1815, 1807.9
GOLD → Market fades before the news OANDA:XAUUSD is forming a consolidation in the liquidity area range. In this case, there can be a lot of traps before moving to one side or the other, as this is one of the essence of consolidation
The fundamental backdrop for gold is still negative, as the TVC:DXY continues to strengthen and seeks further upper targets, which will have a negative impact on gold. There are a number of important news releases today that are worth paying attention to. I don't think they will change the main fundamentals much, but there will be a storm in the market. Before the main fall, which may continue on the background of the dollar strengthening, the gold market, or rather the market maker may raise the price to 1830-1846 before the further fall. A huge pool of liquidity has formed near these zones, and since the price cannot fall or rise only, we may see a correction in the near future. My mood on gold is bearish, as well as the mood of the market, which by the way is indicated by the moving averages.
Support levels: 1816.9, 1815.3, 1812
Resistance levels: 1828, 1830, 1833
Since there is news ahead, the market is going into consolidation. Lower volatility before the storm. Trade carefully on the news, or better not to trade at all and wait until the market calms down
OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY
Regards R. Linda!
💱EURUSD - A correction signal is generatedEURUSD is forming a local false breakout. The base of the pattern "double bottom" is the level of 1.049 and we see a breakout (return) of this line. In the near future a correction may be formed after which the local growth will continue. But we should not forget - the global trend is bearish
TA on the high timeframe:
False breakout of resistance. If the price returns beyond 1.0536 a strong rebound will be formed
The liquidity area interesting for the market appears - 1.06000
TA on the low timeframe:
False breakout will form an imulse.
A correction back to support may be formed, which will form an entry point
Buy entry point could be 1.0490, 1.0499.
Key support📉: 1.0490
Key resistance📈: 1.0560, 1.05900
USDCAD → Growth may continue after correction FX:USDCAD is forming an impulse from the base of the ascending price channel. When breaking through the resistance mentioned earlier, we see active strengthening, which is also supported by the fundamental component
The TVC:DXY is in a bullish trend, as evidenced by the weekly chart on the left. The price is chasing a rise towards 107.5, which will make the currency pair strengthen.
On the USDCAD chart we see a local stop in front of the resistance at 1.3712, consolidation is forming, which may activate the correction phase. The correction may end with a retest of 1.3640 support or form a small pullback and a retest of 1.3712. In the future, I expect the continuation of active growth on the part of the currency pair. As a target I pursue the area of 1.3800.
Moving averages indicate bullish potential.
Support levels: 1.3690, 1.3640
Resistance levels: 1.3712
I expect the growth to continue after a small correction or consolidation. Target 1.3800.
Regards R. Linda!
🥇GOLD - The fall may continue, but after a small correction Gold reaches the specified level and forms a false breakout attempt. A rebound may be formed. But there is a chance of a continuation of the fall from the level of 1825.
TA on the high timeframe:
1) Broken 0.5 fibo level. A strong fall is formed from the opening
2) The liquidity area that the price can test within the counter-trend correction is in the area of 1840-1850.
TA on the low timeframe:
1) We have a strong downtrend
2) The price cannot fall all the time. If there is a false breakout of 1825 and the price forms consolidation above the level, there may be a rebound to local resistance levels.
3) In the medium term, the fall will continue, but after a probable correction.
Key support📉: 1825
Key resistance📈: 1833, 1840, 1850
BTCUSD → False breakdown inside the historical range BINANCE:BTCUSD continues to form a global ascending price channel. After the retest of one of the important support levels, a new bullish potential appears
On the chart I have marked the range 31400 - 25400. Earlier we saw a correction to the support area and a false breakout of the level, which gives the market a new potential. The indicated range plays a key role for pricing. The boundaries of the range appeared back in the cryptozyme - from May to July, in times of strong decline, now these boundaries are confirmed. In fact, only the resistance of the specified range 31400 separates us from a strong further growth to 35000-40000. At the moment, the price is testing the 28500 area and forming a correction to 26700, the local correction wave at its end may give a reversal and growth to 31400 for another retest of the key resistance. From the fundamental point of view, a strong push for strengthening will be given by the SEC approval of BTC-ETF, but they are not in a hurry yet. The moving averages have recently formed a bearish signal, but within a consolidation formation, in which case the strength of the signal is not so obvious. The market is waiting for something strong and continues to consolidate.
Support levels: 26700, 25400
Resistance levels: 28500, 30200, 31400
At the same time bitcoin feels more confident than the same SP500 ( AMEX:SPY ) , whose correlation has been quite strong lately. At the same time, on the background of strengthening of the TVC:DXY , the value of the asset is also growing
COINBASE:BTCUSD BINANCE:BTCUSD COINBASE:ETHUSD BINANCE:ETHUSD TVC:DXY VANTAGE:SP500 TVC:SPX
Regards R. Linda!
Bitcoin is extremely bullish and left people in disbelief!
Bitcoin continues to rally from the bottom of 24920 to 27137 and is heading towards 28650! This is going to happen; the bull market is absolutely awesome, and profits are huge!
If you are following me, I have been bullish almost from the bottom of the last big dump while the majority is still shorting Bitcoin on futures, which can also be seen in the negative funding rate on exchanges.
I hope you guys are enjoying this bullishness as much as I do, and I wish you massive profits!
From a technical perspective, the price of Bitcoin is moving in the ascending parallel channel on the 4H chart and will touch the trendline in the first week of October! This is also a strong resistance because of the 1:1 Fibonacci extension from wave (1) -> wave (2).
October, November, and December are statistically bullish months for Bitcoin, so we should expect an uptrend this season. Summer is usually boring, and September is usually bearish.
I see bullishness on Ethereum and altcoins, which is another good sign for the crypto market. DXY is pretty bullish, while Bitcoin is bullish as well, another strong sign!
What about gold and silver? These assets are going down, while Bitcoin is also rising, making a bullish divergence another good sign!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
Bitcoin is bearish now and many Traders don't see it !!!As you can see, the price has reached the ceiling of the ascending channel and also completed its five ascending waves, and now it is time for the ABC correction wave to begin. Also, the negative divergence in the MACD makes this signal stronger.
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
🥇GOLD - The buyer is out of the market. A big drop Gold is forming a strong decline. The price is breaking support levels without any particular reaction from the buyers. The decline is likely to continue until gold finds strong support
TA on the high timeframe:
1) The market is breaking the 0.5 fibo area and forming further momentum. One of the key support levels may be tested soon
2) An area of liquidity that can stop the price still far away
TA on low timeframe:
1) The 0.5 fibo is broken, at 1840.9.
2) Price is heading towards 1825, a correction can be formed from this level. After the correction, it makes sense to expect a fall. Within the counter-trend correction the price may reach 1930, 1940.
3) Medium-term target for us is 1807 (level from the weekly chart)
Key support📉: 1825, 1815, 1810
Key resistance📈: 1840
💱CADJPY - A retest of support will send the price down CADJPY breaks uptrend support and after another correction forms a signal that suggests that the market is preparing for further decline
TA on the high timeframe:
1) After breaking the 109.268 support, a correction is formed. In the medium term, the price may test this line before further growth
2) The market is interested in the liquidity area below 109.336 and 0.5 Fibo level.
TA on the low timeframe:
1) A break of trend support is forming - a risk zone for price. The market is rebuilding
2) The level of 109.938 is formed and after a small correction to 110.3 the price returns to the support and forms a signal.
3) Breakout of 109.938 and price consolidation below the level will form a sell signal.
Key resistance📈: 110.37
Key support📉: 109.938 and 109.226
GOLD → The fall continues. Target 1828, 1812 and 1800OANDA:XAUUSD has been making a new downward jump since the opening of the session on Monday. The strong distributive move continues. The price is approaching an important area
The chart shows an important liquidity area, but not the final one (1800). At the moment I am interested in the 1828-1812 area. The nearest support line may be tested soon, followed by a correction before further decline. The strong bearish trend continues in the market on the back of TVC:DXY strengthening. ISM Manufacturing PMI & Prices are released today, as well as FED Chars Powell speaks. It is worth paying attention to these releases. From the technical analysis point of view, I will wait for a bounce from 1828 towards the nearest resistance to increase liquidity, after which the price will continue another decline towards 1812 and 1800. The moving averages are showing a strong trend and there is a strong signal on D1
Support levels: 1828, 1812
Resistance levels: 1846
I expect a continuation of the fall in the medium term. Before the further fall, a pullback may be formed, watch the price reaction to the marked levels
OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY
Regards R. Linda!
EURUSD → Retest of resistance leads to new sales FX:EURUSD is forming a retest of resistance of the descending price channel. On the senior timeframe (D1) the preconditions for further sell-offs are forming
The market is in the bear market phase. The resistance retest forms a consolidation of the price below the level, which forms a bearish potential before the further fall. At the moment, the fundamental background of the TVC:DXY is quite strong and thus, the Euro will weaken against it, which is what we see. On the monthly chart the price is testing an important support level. On the background of a strong fall, a false breakdown may be formed, which may be followed by a correction. The market cannot fall all the time and at some time EURUSD may go into the phase of consolidation (correction or flat formation). Moving averages act as resistance.
Support levels: 1.05000, 1.0557
Resistance levels: 1.0610, 1.0635
I expect the continuation of the fall to the mentioned support area with the subsequent breakout and further fall to 1.0350
Regards R. Linda!
GOLD → There's no place to shop. Bear Market ↘︎OANDA:XAUUSD shocked a lot of people in the last week, but we were ready for it and I have been setting medium term targets like 1875, 1850 and even 1800 for quite some time. On Friday the market closes below 1850 and within the candlestick analysis there are preconditions for further fall.
In the coming week there will be important news that will help to determine the medium-term outlook. Pay attention to such data as.
-ISM Manufacturin, FED Chair Powell Speaks
- NonFarm E.C., SP Global Services, Non-Manufacturing
-Initial Jobless Claims
-NonFarm, Unemployment Rate
Fundamental factors are a significant part of the leverage that drives the market. The TVC:DXY is currently under the influence of a positive fundamental background, which is quite negative for gold
From the point of view of technical analysis we see a strong distributive movement. The probable target of this movement may be the following zones: 1827, 1809, 1773, the targets are shown on the chart above. These are important liquidity zones in the medium term.
At the moment gold is in an empty range (no volume density zones).
The price can reach the lower boundary of the main flat - 1809 - quite quickly. But, on Monday, from the opening session the price may form a small pullback to form consolidation. The correction may be directed to 1860, or even to 1875, but there are no signals to start a strong growth now. We expect a fall to 1800
OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX:SI1! TVC:DXY
Regards R. Linda!